NMI Holdings Inc (NASDAQ:NMIH – Get Free Report) EVP Robert Owen Smith sold 12,000 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $44.65, for a total transaction of $535,800.00. Following the completion of the transaction, the executive vice president owned 96,381 shares of the company’s stock, valued at approximately $4,303,411.65. The trade was a 11.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
NMI Stock Up 1.1%
NMIH traded up $0.47 during trading on Wednesday, hitting $44.94. 387,075 shares of the company’s stock traded hands, compared to its average volume of 519,164. The company’s 50 day simple moving average is $39.91 and its two-hundred day simple moving average is $39.09. The company has a current ratio of 0.65, a quick ratio of 0.63 and a debt-to-equity ratio of 0.15. NMI Holdings Inc has a 12-month low of $34.84 and a 12-month high of $46.74. The stock has a market capitalization of $3.38 billion, a price-to-earnings ratio of 8.85, a PEG ratio of 1.22 and a beta of 0.54.
NMI (NASDAQ:NMIH – Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The financial services provider reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.10. The firm had revenue of $187.89 million during the quarter, compared to analysts’ expectations of $156.26 million. NMI had a return on equity of 15.13% and a net margin of 54.10%.The company’s revenue was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.22 earnings per share. Analysts predict that NMI Holdings Inc will post 5.17 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
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Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the company. Wedge Capital Management L L P NC grew its stake in shares of NMI by 2.3% during the 2nd quarter. Wedge Capital Management L L P NC now owns 162,159 shares of the financial services provider’s stock valued at $6,663,000 after purchasing an additional 3,586 shares during the period. GAMMA Investing LLC lifted its stake in shares of NMI by 11.6% in the 2nd quarter. GAMMA Investing LLC now owns 2,989 shares of the financial services provider’s stock worth $123,000 after purchasing an additional 310 shares during the period. Pacer Advisors Inc. boosted its holdings in shares of NMI by 58.7% in 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 during the last quarter. Bank of America Corp DE boosted its holdings in shares of NMI by 22.7% in the first quarter. Bank of America Corp DE now owns 1,304,633 shares of the financial services provider’s stock worth $48,937,000 after buying an additional 241,724 shares during the last quarter. Finally, Edgestream Partners L.P. grew its position in NMI by 5.9% during the first quarter. Edgestream Partners L.P. now owns 233,637 shares of the financial services provider’s stock valued at $8,764,000 after buying an additional 13,003 shares during the period. 94.12% of the stock is owned by hedge funds and other institutional investors.
About NMI
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.
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