NMI (NASDAQ:NMIH) Director Michael Embler Sells 20,000 Shares of Stock

NMI Holdings Inc (NASDAQ:NMIH) Director Michael Embler sold 20,000 shares of the company’s stock in a transaction dated Wednesday, November 19th. The shares were sold at an average price of $36.90, for a total value of $738,000.00. Following the sale, the director owned 46,046 shares in the company, valued at approximately $1,699,097.40. The trade was a 30.28% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

NMI Price Performance

Shares of NMIH opened at $37.62 on Tuesday. The firm has a market cap of $2.89 billion, a PE ratio of 7.87, a price-to-earnings-growth ratio of 1.17 and a beta of 0.63. NMI Holdings Inc has a 52-week low of $31.90 and a 52-week high of $43.20. The business’s 50 day moving average price is $37.15 and its two-hundred day moving average price is $38.59. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.86 and a current ratio of 0.86.

NMI (NASDAQ:NMIH) last released its quarterly earnings data on Tuesday, November 4th. The financial services provider reported $1.21 earnings per share for the quarter, meeting the consensus estimate of $1.21. NMI had a net margin of 55.02% and a return on equity of 16.08%. The company had revenue of $171.56 million during the quarter, compared to analyst estimates of $177.01 million. During the same quarter in the previous year, the business posted $1.15 EPS. NMI’s revenue for the quarter was up 7.6% compared to the same quarter last year. On average, equities analysts anticipate that NMI Holdings Inc will post 4.62 EPS for the current year.

Hedge Funds Weigh In On NMI

Hedge funds have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP raised its stake in shares of NMI by 0.7% in the third quarter. Dimensional Fund Advisors LP now owns 4,288,867 shares of the financial services provider’s stock worth $164,437,000 after purchasing an additional 31,570 shares during the last quarter. American Century Companies Inc. grew its holdings in NMI by 5.8% during the third quarter. American Century Companies Inc. now owns 2,379,801 shares of the financial services provider’s stock worth $91,242,000 after buying an additional 130,002 shares in the last quarter. Geode Capital Management LLC raised its position in NMI by 0.3% in the 2nd quarter. Geode Capital Management LLC now owns 1,966,970 shares of the financial services provider’s stock valued at $82,996,000 after buying an additional 5,628 shares during the last quarter. Van Berkom & Associates Inc. lifted its stake in NMI by 0.4% during the 3rd quarter. Van Berkom & Associates Inc. now owns 1,909,630 shares of the financial services provider’s stock valued at $73,215,000 after acquiring an additional 7,973 shares in the last quarter. Finally, Millennium Management LLC boosted its holdings in NMI by 209.9% during the 1st quarter. Millennium Management LLC now owns 1,432,950 shares of the financial services provider’s stock worth $51,658,000 after acquiring an additional 970,551 shares during the last quarter. Institutional investors and hedge funds own 94.12% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on NMIH shares. Barclays reissued a “cautious” rating on shares of NMI in a research report on Monday, October 6th. Weiss Ratings reiterated a “buy (b)” rating on shares of NMI in a report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. decreased their price objective on NMI from $43.00 to $42.00 and set an “overweight” rating for the company in a report on Wednesday, November 5th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $41.20.

About NMI

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.