James G. Jones Sells 48,294 Shares of NMI Holdings, Inc. (NASDAQ:NMIH) Stock

NMI Holdings, Inc. (NASDAQ:NMIHGet Free Report) Director James G. Jones sold 48,294 shares of the stock in a transaction on Monday, March 11th. The shares were sold at an average price of $30.46, for a total value of $1,471,035.24. Following the sale, the director now owns 5,847 shares in the company, valued at $178,099.62. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

NMI Stock Performance

Shares of NMIH stock opened at $29.90 on Friday. The stock has a market capitalization of $2.42 billion, a PE ratio of 7.79, a P/E/G ratio of 1.13 and a beta of 1.06. The firm has a 50 day moving average of $30.03 and a two-hundred day moving average of $28.77. NMI Holdings, Inc. has a 52 week low of $20.61 and a 52 week high of $32.50. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.21.

NMI (NASDAQ:NMIHGet Free Report) last posted its quarterly earnings data on Wednesday, February 14th. The financial services provider reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.06. NMI had a net margin of 55.63% and a return on equity of 17.97%. The company had revenue of $151.38 million for the quarter, compared to analyst estimates of $131.70 million. During the same period in the previous year, the business posted $0.86 earnings per share. NMI’s quarterly revenue was up 13.7% on a year-over-year basis. On average, research analysts predict that NMI Holdings, Inc. will post 4.04 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

NMIH has been the subject of a number of analyst reports. StockNews.com upgraded NMI from a “hold” rating to a “buy” rating in a research note on Wednesday. Royal Bank of Canada lifted their price target on NMI from $31.00 to $33.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 15th. UBS Group started coverage on shares of NMI in a research note on Wednesday, December 6th. They issued a “buy” rating and a $36.00 price objective for the company. JPMorgan Chase & Co. boosted their price target on NMI from $33.00 to $34.00 and gave the company an “overweight” rating in a report on Thursday, February 15th. Finally, Truist Financial upped their target price on NMI from $34.00 to $36.00 and gave the stock a “buy” rating in a report on Thursday, February 15th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, NMI currently has an average rating of “Moderate Buy” and a consensus price target of $34.13.

Check Out Our Latest Research Report on NMI

Institutional Trading of NMI

Several institutional investors and hedge funds have recently modified their holdings of NMIH. Vanguard Group Inc. increased its position in NMI by 3.4% during the fourth quarter. Vanguard Group Inc. now owns 6,809,208 shares of the financial services provider’s stock worth $202,097,000 after purchasing an additional 225,364 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in NMI by 5.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 54,582 shares of the financial services provider’s stock valued at $1,620,000 after buying an additional 2,580 shares during the period. GSA Capital Partners LLP acquired a new position in shares of NMI in the fourth quarter worth about $697,000. Chartwell Investment Partners LLC acquired a new position in shares of NMI in the fourth quarter worth about $881,000. Finally, Barclays PLC boosted its holdings in shares of NMI by 153.8% in the fourth quarter. Barclays PLC now owns 163,026 shares of the financial services provider’s stock worth $4,839,000 after buying an additional 98,791 shares during the period. Hedge funds and other institutional investors own 94.12% of the company’s stock.

About NMI

(Get Free Report)

NMI Holdings, Inc provides private mortgage guaranty insurance services in the United States. The company offers mortgage insurance services, such as primary and pool insurance; and outsourced loan review services to mortgage loan originators. It serves national and regional mortgage banks, money center banks, credit unions, community banks, builder-owned mortgage lenders, internet-sourced lenders, and other non-bank lenders.

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Insider Buying and Selling by Quarter for NMI (NASDAQ:NMIH)

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