Bradley M. Shuster Sells 21,545 Shares of NMI Holdings, Inc. (NASDAQ:NMIH) Stock

NMI Holdings, Inc. (NASDAQ:NMIH - Get Free Report) Chairman Bradley M. Shuster sold 21,545 shares of the firm's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $39.56, for a total value of $852,320.20. Following the sale, the chairman now directly owns 409,792 shares in the company, valued at approximately $16,211,371.52. This trade represents a 4.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

NMI Price Performance

Shares of NASDAQ NMIH traded down $0.56 during midday trading on Monday, hitting $39.25. The stock had a trading volume of 387,796 shares, compared to its average volume of 556,401. The company has a market capitalization of $3.07 billion, a PE ratio of 8.86, a P/E/G ratio of 1.41 and a beta of 0.55. The stock has a 50 day simple moving average of $36.41 and a 200-day simple moving average of $36.74. NMI Holdings, Inc. has a 1 year low of $31.60 and a 1 year high of $42.49. The company has a quick ratio of 0.83, a current ratio of 0.60 and a debt-to-equity ratio of 0.19.

NMI (NASDAQ:NMIH - Get Free Report) last released its earnings results on Tuesday, April 29th. The financial services provider reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.18. The business had revenue of $173.25 million for the quarter, compared to the consensus estimate of $169.04 million. NMI had a return on equity of 17.33% and a net margin of 55.32%. The business's quarterly revenue was up 10.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.08 earnings per share. On average, sell-side analysts expect that NMI Holdings, Inc. will post 4.62 EPS for the current fiscal year.

Hedge Funds Weigh In On NMI

Hedge funds and other institutional investors have recently made changes to their positions in the company. Sound Income Strategies LLC purchased a new position in shares of NMI in the first quarter valued at approximately $25,000. Principal Securities Inc. lifted its position in NMI by 66.5% during the fourth quarter. Principal Securities Inc. now owns 716 shares of the financial services provider's stock worth $26,000 after buying an additional 286 shares in the last quarter. Opal Wealth Advisors LLC purchased a new position in NMI during the first quarter worth approximately $33,000. Neo Ivy Capital Management purchased a new position in NMI during the first quarter worth approximately $47,000. Finally, Caitong International Asset Management Co. Ltd purchased a new position in NMI during the first quarter worth approximately $48,000. Hedge funds and other institutional investors own 94.12% of the company's stock.

Analysts Set New Price Targets

NMIH has been the topic of several analyst reports. Wall Street Zen raised NMI from a "hold" rating to a "buy" rating in a report on Monday, May 5th. JPMorgan Chase & Co. lowered their price target on NMI from $42.00 to $41.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Compass Point reiterated a "buy" rating and set a $37.00 price target (up previously from $34.00) on shares of NMI in a research report on Friday, May 23rd. Keefe, Bruyette & Woods lowered their price target on NMI from $43.00 to $42.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 8th. Finally, UBS Group lowered their price target on NMI from $42.00 to $41.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 19th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, NMI currently has a consensus rating of "Moderate Buy" and a consensus price target of $42.29.

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.