NMI Holdings Inc (NASDAQ:NMIH – Get Free Report) EVP Aurora Swithenbank sold 11,662 shares of the firm’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $44.51, for a total value of $519,075.62. Following the transaction, the executive vice president owned 50,734 shares in the company, valued at approximately $2,258,170.34. This represents a 18.69% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.
NMI Stock Performance
NMIH stock opened at $45.44 on Friday. NMI Holdings Inc has a 1-year low of $34.84 and a 1-year high of $46.74. The business has a 50-day moving average price of $41.13 and a 200 day moving average price of $39.42. The company has a market capitalization of $3.42 billion, a P/E ratio of 8.94, a PEG ratio of 1.21 and a beta of 0.54. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.65 and a quick ratio of 0.65.
NMI (NASDAQ:NMIH – Get Free Report) last issued its earnings results on Thursday, July 30th. The financial services provider reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.10. NMI had a net margin of 54.10% and a return on equity of 15.13%. The company had revenue of $187.89 million for the quarter, compared to analysts’ expectations of $156.26 million. During the same period in the prior year, the business earned $1.22 EPS. The firm’s quarterly revenue was up 8.1% on a year-over-year basis. As a group, equities research analysts forecast that NMI Holdings Inc will post 5.23 EPS for the current fiscal year.
Hedge Funds Weigh In On NMI
Wall Street Analyst Weigh In
A number of brokerages recently commented on NMIH. Royal Bank Of Canada reissued an “outperform” rating and issued a $53.00 price objective on shares of NMI in a research note on Tuesday, August 4th. Weiss Ratings upgraded NMI from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, June 12th. UBS Group set a $46.00 price target on NMI in a research report on Friday, May 22nd. Truist Financial upped their price objective on NMI from $49.00 to $51.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Finally, JPMorgan Chase & Co. raised their price objective on NMI from $48.00 to $50.00 and gave the company an “overweight” rating in a research report on Friday, July 31st. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $48.33.
Check Out Our Latest Report on NMI
NMI Company Profile
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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