Norman Peter Fitzgerald Sells 20,000 Shares of NMI Holdings, Inc. (NASDAQ:NMIH) Stock

NMI Holdings, Inc. (NASDAQ:NMIH) EVP Norman Peter Fitzgerald sold 20,000 shares of the business’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $35.88, for a total transaction of $717,600.00. Following the sale, the executive vice president now directly owns 37,470 shares of the company’s stock, valued at approximately $1,344,423.60. The trade was a 34.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

NMI Stock Performance

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

NMI (NASDAQ:NMIH) last released its earnings results on Wednesday, February 12th. The financial services provider reported $1.07 earnings per share for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.07). NMI had a net margin of 55.32% and a return on equity of 17.33%. On average, sell-side analysts expect that NMI Holdings, Inc. will post 4.62 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Institutional Trading of NMI

A number of institutional investors have recently modified their holdings of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of NMI by 23.0% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 163,780 shares of the financial services provider’s stock valued at $6,021,000 after buying an additional 30,607 shares in the last quarter. Virtus Fund Advisers LLC lifted its stake in shares of NMI by 43.7% during the 4th quarter. Virtus Fund Advisers LLC now owns 3,714 shares of the financial services provider’s stock valued at $137,000 after buying an additional 1,129 shares in the last quarter. Virtus Investment Advisers Inc. lifted its stake in shares of NMI by 13.8% during the 4th quarter. Virtus Investment Advisers Inc. now owns 42,806 shares of the financial services provider’s stock valued at $1,574,000 after buying an additional 5,200 shares in the last quarter. State of Wyoming lifted its stake in shares of NMI by 14.9% during the 4th quarter. State of Wyoming now owns 14,096 shares of the financial services provider’s stock valued at $518,000 after buying an additional 1,831 shares in the last quarter. Finally, Sherbrooke Park Advisers LLC purchased a new stake in shares of NMI during the 4th quarter valued at approximately $202,000. 94.12% of the stock is currently owned by hedge funds and other institutional investors.

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.