Insider Selling: NMI Holdings, Inc. (NASDAQ:NMIH) Director Sells $1,023,414.80 in Stock

NMI Holdings, Inc. (NASDAQ:NMIH) Director Michael J. Embler sold 26,008 shares of the company’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $39.35, for a total transaction of $1,023,414.80. Following the completion of the sale, the director now owns 61,607 shares in the company, valued at approximately $2,424,235.45. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

NMI Trading Down 1.4 %

NASDAQ NMIH opened at $37.69 on Monday. The business’s fifty day moving average is $34.78 and its 200-day moving average is $32.32. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.67 and a quick ratio of 0.89. The stock has a market capitalization of $3.00 billion, a price-to-earnings ratio of 9.33, a PEG ratio of 0.94 and a beta of 1.09. NMI Holdings, Inc. has a one year low of $25.62 and a one year high of $42.01.

NMI (NASDAQ:NMIH) last announced its quarterly earnings data on Tuesday, July 30th. The financial services provider reported $1.20 EPS for the quarter, topping the consensus estimate of $1.05 by $0.15. NMI had a net margin of 56.40% and a return on equity of 18.29%. The business had revenue of $162.12 million for the quarter, compared to analyst estimates of $138.49 million. During the same quarter in the previous year, the firm posted $0.95 earnings per share. The company’s revenue for the quarter was up 13.6% on a year-over-year basis. Equities research analysts predict that NMI Holdings, Inc. will post 4.33 EPS for the current year.

Hedge Funds Weigh In On NMI

Several institutional investors have recently bought and sold shares of NMIH. DekaBank Deutsche Girozentrale raised its stake in shares of NMI by 31.7% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 9,669 shares of the financial services provider’s stock valued at $288,000 after buying an additional 2,328 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its holdings in NMI by 2.8% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 36,949 shares of the financial services provider’s stock valued at $1,097,000 after purchasing an additional 1,015 shares during the last quarter. Cerity Partners LLC lifted its holdings in NMI by 5.9% during the fourth quarter. Cerity Partners LLC now owns 11,567 shares of the financial services provider’s stock valued at $343,000 after purchasing an additional 644 shares during the last quarter. Louisiana State Employees Retirement System bought a new position in NMI during the fourth quarter worth about $1,205,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of NMI by 3.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,692 shares of the financial services provider’s stock worth $555,000 after purchasing an additional 663 shares in the last quarter. Hedge funds and other institutional investors own 94.12% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on NMIH shares. Truist Financial increased their price objective on NMI from $37.00 to $47.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. StockNews.com upgraded NMI from a “hold” rating to a “buy” rating in a research note on Friday, July 26th. Royal Bank of Canada upped their target price on shares of NMI from $34.00 to $40.00 and gave the stock a “sector perform” rating in a research note on Wednesday, July 31st. JPMorgan Chase & Co. raised their price target on shares of NMI from $40.00 to $42.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. Finally, UBS Group downgraded shares of NMI from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $37.00 to $39.00 in a research report on Wednesday, May 22nd. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, NMI has an average rating of “Moderate Buy” and an average target price of $40.00.

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.