NMI (NASDAQ:NMIH) Sees Unusually-High Trading Volume - Time to Buy?

Shares of NMI Holdings, Inc. (NASDAQ:NMIH - Get Free Report) saw strong trading volume on Friday . 431,171 shares were traded during mid-day trading, a decline of 20% from the previous session's volume of 537,460 shares.The stock last traded at $41.44 and had previously closed at $41.02.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on NMIH shares. Royal Bank of Canada raised shares of NMI from a "sector perform" rating to an "outperform" rating and lifted their target price for the company from $40.00 to $48.00 in a research note on Wednesday, September 18th. Truist Financial increased their target price on NMI from $37.00 to $47.00 and gave the stock a "buy" rating in a research report on Wednesday, July 31st. Keefe, Bruyette & Woods lifted their price target on NMI from $37.00 to $40.00 and gave the company a "market perform" rating in a research report on Thursday, August 1st. StockNews.com lowered NMI from a "buy" rating to a "hold" rating in a research report on Wednesday, August 21st. Finally, Barclays boosted their target price on shares of NMI from $41.00 to $43.00 and gave the company an "overweight" rating in a report on Wednesday, July 31st. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $41.00.

NMI Stock Up 0.6 %

The company has a debt-to-equity ratio of 0.20, a current ratio of 0.67 and a quick ratio of 0.67. The company has a market cap of $3.31 billion, a P/E ratio of 10.15, a P/E/G ratio of 0.94 and a beta of 1.12. The company's 50-day moving average is $39.65 and its two-hundred day moving average is $35.22.

NMI (NASDAQ:NMIH - Get Free Report) last released its quarterly earnings data on Tuesday, July 30th. The financial services provider reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.15. NMI had a net margin of 56.40% and a return on equity of 18.29%. The firm had revenue of $162.12 million during the quarter, compared to analysts' expectations of $138.49 million. During the same period in the previous year, the company earned $0.95 earnings per share. The firm's quarterly revenue was up 13.6% on a year-over-year basis. As a group, equities analysts predict that NMI Holdings, Inc. will post 4.5 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Michael J. Embler sold 26,008 shares of the company's stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $39.35, for a total transaction of $1,023,414.80. Following the completion of the sale, the director now owns 61,607 shares of the company's stock, valued at $2,424,235.45. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, Director Michael J. Embler sold 26,008 shares of the business's stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $39.35, for a total transaction of $1,023,414.80. Following the completion of the sale, the director now owns 61,607 shares of the company's stock, valued at $2,424,235.45. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider William J. Leatherberry sold 3,000 shares of the company's stock in a transaction 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 of the company's stock, valued at $6,158,318.23. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.70% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Capital International Investors bought a new stake in NMI during the first quarter valued at about $32,270,000. Donald Smith & CO. Inc. purchased a new position in shares of NMI in the second quarter valued at $29,708,000. Goldentree Asset Management LP bought a new stake in NMI in the first quarter worth $22,600,000. F M Investments LLC purchased a new stake in NMI during the second quarter valued at $12,447,000. Finally, Vanguard Group Inc. lifted its position in NMI by 5.3% during the first quarter. Vanguard Group Inc. now owns 7,168,138 shares of the financial services provider's stock valued at $231,818,000 after purchasing an additional 358,930 shares during the last quarter. 94.12% of the stock is currently owned by 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.