NMI Holdings, Inc. (NASDAQ:NMIH) Insider William J. Leatherberry Sells 3,000 Shares

NMI Holdings, Inc. (NASDAQ:NMIH) insider William J. Leatherberry sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $40.07, for a total value of $120,210.00. Following the completion of the sale, the insider now owns 153,689 shares in the company, valued at approximately $6,158,318.23. The transaction was disclosed in a filing with the SEC, which is available at this link.

NMI Price Performance

Shares of NASDAQ NMIH traded up $0.09 during mid-day trading on Tuesday, hitting $40.04. 286,217 shares of the stock were exchanged, compared to its average volume of 536,092. NMI Holdings, Inc. has a twelve month low of $25.62 and a twelve month high of $42.01. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.89 and a current ratio of 0.67. The stock’s fifty day simple moving average is $36.44 and its two-hundred day simple moving average is $33.10. The company has a market cap of $3.21 billion, a P/E ratio of 9.92, a PEG ratio of 0.94 and a beta of 1.09.

NMI (NASDAQ:NMIH) last issued its quarterly earnings data on Tuesday, July 30th. The financial services provider reported $1.20 EPS for the quarter, topping analysts’ consensus estimates 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 period last year, the business posted $0.95 earnings per share. The firm’s quarterly revenue was up 13.6% on a year-over-year basis. As a group, analysts forecast that NMI Holdings, Inc. will post 4.33 EPS for the current fiscal year.

Hedge Funds Weigh In On NMI

Several hedge funds and other institutional investors have recently made changes to their positions in NMIH. Hancock Whitney Corp increased its position in NMI by 1.6% in the 1st quarter. Hancock Whitney Corp now owns 22,098 shares of the financial services provider’s stock valued at $715,000 after acquiring an additional 346 shares during the period. Quadrant Capital Group LLC raised its holdings in NMI by 6.1% during the fourth quarter. Quadrant Capital Group LLC now owns 6,071 shares of the financial services provider’s stock worth $180,000 after buying an additional 350 shares during the last quarter. Quarry LP raised its holdings in NMI by 135.1% during the second quarter. Quarry LP now owns 858 shares of the financial services provider’s stock worth $29,000 after buying an additional 493 shares during the last quarter. Federated Hermes Inc. raised its holdings in shares of NMI by 1.8% in the second quarter. Federated Hermes Inc. now owns 33,570 shares of the financial services provider’s stock valued at $1,143,000 after purchasing an additional 593 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in NMI by 3.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,692 shares of the financial services provider’s stock worth $555,000 after buying an additional 663 shares during the last quarter. 94.12% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

NMIH has been the subject of a number of recent research reports. StockNews.com downgraded NMI from a “buy” rating to a “hold” rating in a research note on Wednesday, August 21st. Barclays lifted their price target on NMI from $41.00 to $43.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. Keefe, Bruyette & Woods boosted their target price on NMI from $37.00 to $40.00 and gave the stock a “market perform” rating in a research report on Thursday, August 1st. JPMorgan Chase & Co. upped their price objective on NMI from $40.00 to $42.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. Finally, Royal Bank of Canada upped their price target on NMI from $34.00 to $40.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 31st. Four equities research 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 currently has an average rating of “Moderate Buy” and a consensus target price of $40.00.

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.