NMI (NASDAQ:NMIH) CEO Adam Pollitzer Sells 172,706 Shares

NMI Holdings Inc (NASDAQ:NMIH) CEO Adam Pollitzer sold 172,706 shares of the stock in a transaction on Friday, September 4th. The stock was sold at an average price of $44.85, for a total transaction of $7,745,864.10. Following the completion of the sale, the chief executive officer directly owned 270,267 shares of the company’s stock, valued at $12,121,474.95. The trade was a 38.99% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

NMI Trading Down 1.2%

Shares of NMIH stock traded down $0.56 during mid-day trading on Friday, reaching $44.83. The company’s stock had a trading volume of 638,702 shares, compared to its average volume of 426,452. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $3.37 billion, a PE ratio of 8.82, a price-to-earnings-growth ratio of 1.22 and a beta of 0.53. The company’s 50 day simple moving average is $43.49 and its 200-day simple moving average is $40.04. NMI Holdings Inc has a 12-month low of $34.84 and a 12-month high of $46.74.

NMI (NASDAQ:NMIH) last announced its quarterly earnings results on Thursday, July 30th. The financial services provider reported $1.38 earnings per share for the quarter, topping analysts’ consensus estimates of $1.28 by $0.10. NMI had a net margin of 54.10% and a return on equity of 15.13%. The firm had revenue of $187.89 million during the quarter, compared to analysts’ expectations of $156.26 million. During the same period in the prior year, the company earned $1.22 EPS. The firm’s revenue was up 8.1% on a year-over-year basis. On average, research analysts predict that NMI Holdings Inc will post 5.25 EPS for the current fiscal year.

Wall Street Analyst Weigh In

NMIH has been the topic of a number of analyst reports. UBS Group set a $46.00 price objective on shares of NMI in a research note on Friday, May 22nd. JPMorgan Chase & Co. upped their target price on shares of NMI from $48.00 to $50.00 and gave the company an “overweight” rating in a research note on Friday, July 31st. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $53.00 price target on shares of NMI in a report on Tuesday, August 4th. Truist Financial lifted their price target on shares of NMI from $49.00 to $51.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Finally, Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $47.00 price objective on shares of NMI in a report on Monday, August 3rd. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $48.33.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Allworth Financial LP increased its holdings in NMI by 196.0% during the 3rd quarter. Allworth Financial LP now owns 660 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 437 shares during the last quarter. Nykredit A S purchased a new position in shares of NMI during the 2nd quarter valued at approximately $31,000. IFP Advisors Inc boosted its stake in shares of NMI by 189.5% during the 4th quarter. IFP Advisors Inc now owns 796 shares of the financial services provider’s stock valued at $32,000 after buying an additional 521 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of NMI during the second quarter worth approximately $36,000. Finally, Pacer Advisors Inc. grew its position in shares of NMI by 58.7% during the first quarter. Pacer Advisors Inc. now owns 1,006 shares of the financial services provider’s stock worth $38,000 after buying an additional 372 shares in the last quarter. Hedge funds and other institutional investors own 94.12% of the company’s stock.

NMI Company Profile

NMI Holdings, Inc (NASDAQ: NMIH) is a publicly traded mortgage insurance company that provides private mortgage insurance to lenders across the United States and Canada. Through its principal subsidiary, National Mortgage Insurance Corporation, NMI underwrites and issues policies that protect originators and investors against losses arising from borrower default on residential mortgage loans. By mitigating credit risk on higher‐loan‐to‐value mortgages, the company supports homebuyers’ access to financing and contributes to overall market liquidity.

Beyond its core mortgage insurance products, NMI offers credit risk‐sharing and reinsurance solutions designed to help clients optimize capital utilization and manage portfolio exposure.