NMI Holdings, Inc. (NASDAQ:NMIH) EVP Sells $33,454.15 in Stock

NMI Holdings, Inc. (NASDAQ:NMIHGet Free Report) EVP Mohammad Nawaz Yousaf sold 1,117 shares of the firm’s stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $29.95, for a total transaction of $33,454.15. Following the sale, the executive vice president now directly owns 32,909 shares in the company, valued at approximately $985,624.55. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

NMI Trading Down 1.6 %

NASDAQ:NMIH opened at $30.82 on Friday. NMI Holdings, Inc. has a one year low of $20.61 and a one year high of $32.50. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.73 and a current ratio of 0.73. The firm has a market cap of $2.48 billion, a P/E ratio of 8.03, a P/E/G ratio of 1.16 and a beta of 1.06. The firm has a 50-day simple moving average of $30.15 and a 200-day simple moving average of $28.85.

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, topping the consensus estimate of $0.95 by $0.06. The firm had revenue of $151.38 million during the quarter, compared to analyst estimates of $131.70 million. NMI had a net margin of 55.63% and a return on equity of 17.97%. NMI’s revenue was up 13.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.86 EPS. Equities analysts anticipate that NMI Holdings, Inc. will post 4.04 EPS for the current fiscal year.

Institutional Trading of NMI

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NMIH. Daiwa Securities Group Inc. acquired a new stake in NMI during the 4th quarter worth about $27,000. Point72 Hong Kong Ltd acquired a new position in shares of NMI in the 1st quarter valued at about $33,000. Quarry LP acquired a new position in shares of NMI in the 2nd quarter valued at about $34,000. TFO Wealth Partners LLC lifted its holdings in shares of NMI by 24,500.0% in the 4th quarter. TFO Wealth Partners LLC now owns 1,230 shares of the financial services provider’s stock valued at $37,000 after buying an additional 1,225 shares during the period. Finally, Public Employees Retirement System of Ohio lifted its holdings in shares of NMI by 45.2% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 2,013 shares of the financial services provider’s stock valued at $41,000 after buying an additional 627 shares during the period. Institutional investors and hedge funds own 94.12% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. JPMorgan Chase & Co. lifted their price target on shares of NMI from $33.00 to $34.00 and gave the stock an “overweight” rating in a research note on Thursday, February 15th. Truist Financial lifted their price target on shares of NMI from $34.00 to $36.00 and gave the stock a “buy” rating in a research note on Thursday, February 15th. Royal Bank of Canada lifted their price target on shares of NMI from $31.00 to $33.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 15th. UBS Group assumed coverage on shares of NMI in a research note on Wednesday, December 6th. They set a “buy” rating and a $36.00 price target on the stock. Finally, StockNews.com cut shares of NMI from a “buy” rating to a “hold” rating in a research note on Thursday. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $34.13.

View Our Latest Analysis on NMIH

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.

Further Reading

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

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