Insider Selling: NMI Holdings, Inc. (NASDAQ:NMIH) Chairman Sells 21,545 Shares of 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 on Friday, June 6th. The shares were sold at an average price of $39.56, for a total transaction of $852,320.20. Following the completion of the transaction, the chairman now directly owns 409,792 shares of the company's stock, 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 filing with the SEC, which is available through the SEC website.

NMI Trading Up 1.3%

NMIH stock traded up $0.50 during trading on Friday, hitting $39.81. The company had a trading volume of 330,334 shares, compared to its average volume of 555,859. NMI Holdings, Inc. has a 52-week low of $31.60 and a 52-week high of $42.49. The company has a 50 day simple moving average of $36.36 and a 200-day simple moving average of $36.75. The firm has a market capitalization of $3.11 billion, a P/E ratio of 8.99, a PEG ratio of 1.41 and a beta of 0.56. 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 issued its earnings results on Tuesday, April 29th. The financial services provider reported $1.28 EPS for the quarter, topping analysts' consensus estimates of $1.10 by $0.18. NMI had a net margin of 55.32% and a return on equity of 17.33%. The business had revenue of $173.25 million for the quarter, compared to analyst estimates of $169.04 million. During the same period last year, the company posted $1.08 earnings per share. The company's quarterly revenue was up 10.8% compared to the same quarter last year. As a group, research analysts forecast that NMI Holdings, Inc. will post 4.62 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Strs Ohio bought a new stake in NMI during the 1st quarter valued at $973,000. Acadian Asset Management LLC purchased a new position in shares of NMI during the first quarter valued at $1,224,000. Jane Street Group LLC increased its stake in shares of NMI by 1,312.9% during the first quarter. Jane Street Group LLC now owns 224,152 shares of the financial services provider's stock valued at $8,081,000 after buying an additional 208,287 shares during the period. Caxton Associates LLP bought a new stake in shares of NMI in the first quarter valued at about $428,000. Finally, Sciencast Management LP purchased a new stake in NMI in the first quarter worth about $529,000. Institutional investors own 94.12% of the company's stock.

Analysts Set New Price Targets

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

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