NMI Holdings, Inc. (NASDAQ:NMIH) EVP Sells $38,381.52 in Stock

NMI Holdings, Inc. (NASDAQ:NMIH) EVP Mohammad Nawaz Yousaf sold 1,083 shares of NMI stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $35.44, for a total value of $38,381.52. Following the sale, the executive vice president now directly owns 49,218 shares in the company, valued at $1,744,285.92. The trade was a 2.15 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

NMI Price Performance

Shares of NMIH stock opened at $35.80 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.60 and a quick ratio of 0.83. The firm has a market cap of $2.81 billion, a price-to-earnings ratio of 8.08, a P/E/G ratio of 1.41 and a beta of 1.12. The stock’s fifty day simple moving average is $36.80 and its 200 day simple moving average is $38.56. NMI Holdings, Inc. has a one year low of $29.05 and a one year high of $42.49.

NMI (NASDAQ:NMIH) last posted its quarterly earnings data on Wednesday, February 12th. The financial services provider reported $1.07 EPS for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.07). NMI had a return on equity of 17.33% and a net margin of 55.32%. On average, analysts expect that NMI Holdings, Inc. will post 4.62 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on NMIH shares. Barclays lowered NMI from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $48.00 to $41.00 in a report on Monday, January 6th. UBS Group decreased their price objective on NMI from $42.00 to $41.00 and set a “neutral” rating on the stock in a report on Wednesday, February 19th. Keefe, Bruyette & Woods raised NMI from a “market perform” rating to an “outperform” rating and set a $43.00 price objective on the stock in a report on Monday. Royal Bank of Canada decreased their price target on NMI from $48.00 to $47.00 and set an “outperform” rating on the stock in a research note on Thursday, November 7th. Finally, JPMorgan Chase & Co. decreased their price target on NMI from $46.00 to $41.00 and set an “overweight” rating on the stock in a research note on Monday, December 9th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, NMI has a consensus rating of “Moderate Buy” and a consensus target price of $42.29.

Hedge Funds Weigh In On NMI

Institutional investors and hedge funds have recently bought and sold shares of the business. Principal Securities Inc. boosted its stake in NMI by 66.5% in the fourth quarter. Principal Securities Inc. now owns 716 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 286 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in NMI by 288.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,868 shares of the financial services provider’s stock worth $69,000 after purchasing an additional 1,387 shares in the last quarter. Covestor Ltd boosted its stake in NMI by 601.1% in the fourth quarter. Covestor Ltd now owns 1,893 shares of the financial services provider’s stock worth $70,000 after purchasing an additional 1,623 shares in the last quarter. Sterling Capital Management LLC raised its position in shares of NMI by 786.1% during the fourth quarter. Sterling Capital Management LLC now owns 2,295 shares of the financial services provider’s stock worth $84,000 after acquiring an additional 2,036 shares during the last quarter. Finally, KBC Group NV raised its position in shares of NMI by 38.3% during the fourth quarter. KBC Group NV now owns 3,221 shares of the financial services provider’s stock worth $118,000 after acquiring an additional 892 shares during the last quarter. Institutional investors and hedge funds own 94.12% of the company’s stock.

NMI Company Profile

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.