NMI Holdings Inc (NASDAQ:NMIH) CEO Sells $1,053,770.87 in Stock

NMI Holdings Inc (NASDAQ:NMIH) CEO Bradley M. Shuster sold 89,227 shares of the company’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $11.81, for a total transaction of $1,053,770.87. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Bradley M. Shuster also recently made the following trade(s):

• On Thursday, August 3rd, Bradley M. Shuster sold 30,000 shares of NMI Holdings stock. The shares were sold at an average price of $11.77, for a total transaction of $353,100.00.
• On Wednesday, August 2nd, Bradley M. Shuster sold 30,000 shares of NMI Holdings stock. The shares were sold at an average price of $11.79, for a total transaction of $353,700.00.

NMI Holdings Inc (NMIH) traded up 2.13% during mid-day trading on Friday, hitting $12.00. The stock had a trading volume of 410,245 shares. The stock’s 50-day moving average price is $11.50 and its 200-day moving average price is $11.25. The stock has a market cap of $718.34 million, a price-to-earnings ratio of 9.55 and a beta of 0.64. NMI Holdings Inc has a 12 month low of $6.42 and a 12 month high of $12.55.

NMI Holdings (NASDAQ:NMIH) last released its quarterly earnings data on Tuesday, August 1st. The financial services provider reported $0.10 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.10. NMI Holdings had a return on equity of 5.95% and a net margin of 52.34%. The business had revenue of $42.20 million for the quarter, compared to the consensus estimate of $41.13 million. During the same quarter in the previous year, the company posted $0.03 EPS. The company’s revenue was up 43.1% compared to the same quarter last year. On average, analysts predict that NMI Holdings Inc will post $0.56 earnings per share for the current year.

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Hedge funds have recently added to or reduced their stakes in the company. Mutual of America Capital Management LLC increased its stake in NMI Holdings by 10.4% in the first quarter. Mutual of America Capital Management LLC now owns 543,315 shares of the financial services provider’s stock worth $6,194,000 after buying an additional 51,114 shares during the last quarter. Virginia Retirement Systems ET AL increased its stake in NMI Holdings by 16.2% in the first quarter. Virginia Retirement Systems ET AL now owns 120,700 shares of the financial services provider’s stock worth $1,376,000 after buying an additional 16,800 shares during the last quarter. Bank of New York Mellon Corp increased its stake in NMI Holdings by 4.2% in the first quarter. Bank of New York Mellon Corp now owns 481,960 shares of the financial services provider’s stock worth $5,494,000 after buying an additional 19,354 shares during the last quarter. Falcon Point Capital LLC increased its stake in NMI Holdings by 46.9% in the first quarter. Falcon Point Capital LLC now owns 203,216 shares of the financial services provider’s stock worth $2,317,000 after buying an additional 64,914 shares during the last quarter. Finally, American Century Companies Inc. increased its stake in NMI Holdings by 14.2% in the first quarter. American Century Companies Inc. now owns 605,264 shares of the financial services provider’s stock worth $6,900,000 after buying an additional 75,363 shares during the last quarter. 80.98% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages have commented on NMIH. BidaskClub cut shares of NMI Holdings from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Deutsche Bank AG set a $15.00 price target on shares of NMI Holdings and gave the company a “buy” rating in a research report on Wednesday. Keefe, Bruyette & Woods cut shares of NMI Holdings from an “outperform” rating to a “market perform” rating and set a $13.00 price target on the stock. in a research report on Monday, July 17th. Finally, Zacks Investment Research cut shares of NMI Holdings from a “hold” rating to a “sell” rating in a research report on Tuesday, May 9th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $12.60.

NMI Holdings Company Profile

NMI Holdings, Inc (NMIH) provides private mortgage guaranty insurance through its insurance subsidiaries. The Company’s primary insurance subsidiary, National Mortgage Insurance Corporation (NMIC), is a mortgage insurance (MI) provider on loans purchased by the Government-sponsored enterprises (GSEs).