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 the stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $35.44, for a total value of $38,381.52. Following the completion of the sale, the executive vice president now directly owns 49,218 shares of the company’s stock, valued at approximately $1,744,285.92. The trade was a 2.15 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

NMI Stock Performance

NMIH stock traded up $0.27 during trading hours on Tuesday, hitting $35.96. 572,666 shares of the stock were exchanged, compared to its average volume of 495,296. The company has a current ratio of 0.60, a quick ratio of 0.83 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $2.82 billion, a P/E ratio of 8.12, a P/E/G ratio of 1.41 and a beta of 1.12. The company has a 50-day simple moving average of $36.85 and a two-hundred day simple moving average of $38.59. NMI Holdings, Inc. has a 12 month low of $29.05 and a 12 month high of $42.49.

NMI (NASDAQ:NMIH) last posted its quarterly earnings data on Wednesday, February 12th. The financial services provider reported $1.07 earnings per share for the quarter, missing the consensus estimate 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 forecast that NMI Holdings, Inc. will post 4.62 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of NMI by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 7,158,877 shares of the financial services provider’s stock worth $263,160,000 after purchasing an additional 39,503 shares during the period. State Street Corp increased its position in shares of NMI by 1.0% in the third quarter. State Street Corp now owns 3,565,348 shares of the financial services provider’s stock worth $146,857,000 after purchasing an additional 35,351 shares during the period. American Century Companies Inc. increased its position in shares of NMI by 8.0% in the fourth quarter. American Century Companies Inc. now owns 1,957,179 shares of the financial services provider’s stock worth $71,946,000 after purchasing an additional 145,591 shares during the period. FMR LLC increased its position in shares of NMI by 7.6% in the third quarter. FMR LLC now owns 1,517,092 shares of the financial services provider’s stock worth $62,489,000 after purchasing an additional 107,771 shares during the period. Finally, Donald Smith & CO. Inc. increased its position in shares of NMI by 34.8% in the fourth quarter. Donald Smith & CO. Inc. now owns 1,307,868 shares of the financial services provider’s stock worth $48,077,000 after purchasing an additional 337,996 shares during the period. Institutional investors own 94.12% of the company’s stock.

Analysts Set New Price Targets

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

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.