Norman Peter Fitzgerald Sells 20,000 Shares of NMI Holdings, Inc. (NASDAQ:NMIH) Stock

NMI Holdings, Inc. (NASDAQ:NMIH - Get Free Report) EVP Norman Peter Fitzgerald sold 20,000 shares of NMI stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $35.88, for a total transaction of $717,600.00. Following the sale, the executive vice president now owns 37,470 shares in the company, valued at approximately $1,344,423.60. This trade represents a 34.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

NMI Price Performance

Shares of NMIH stock traded up $0.64 during trading hours on Friday, reaching $36.44. 609,345 shares of the company were exchanged, compared to its average volume of 498,242. NMI Holdings, Inc. has a fifty-two week low of $29.05 and a fifty-two week high of $42.49. The stock's fifty day moving average is $36.78 and its two-hundred day moving average is $38.54. The company has a market cap of $2.86 billion, a price-to-earnings ratio of 8.23, a P/E/G ratio of 1.41 and a beta of 1.12. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.60 and a quick ratio of 0.83.

NMI (NASDAQ:NMIH - Get Free Report) last announced its earnings results on Wednesday, February 12th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.14 by ($0.07). NMI had a return on equity of 17.33% and a net margin of 55.32%. Sell-side analysts forecast that NMI Holdings, Inc. will post 4.62 earnings per share for the current fiscal year.

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Hedge Funds Weigh In On NMI

Large investors have recently modified their holdings of the stock. Creative Planning raised its stake in shares of NMI by 13.4% during the third quarter. Creative Planning now owns 20,006 shares of the financial services provider's stock worth $824,000 after buying an additional 2,357 shares during the last quarter. Donald Smith & CO. Inc. raised its stake in shares of NMI by 11.1% during the third quarter. Donald Smith & CO. Inc. now owns 969,872 shares of the financial services provider's stock worth $39,949,000 after buying an additional 97,125 shares during the last quarter. Farther Finance Advisors LLC raised its stake in shares of NMI by 989.9% during the third quarter. Farther Finance Advisors LLC now owns 3,248 shares of the financial services provider's stock worth $134,000 after buying an additional 2,950 shares during the last quarter. CWA Asset Management Group LLC bought a new stake in shares of NMI during the third quarter worth approximately $820,000. Finally, Assetmark Inc. raised its stake in shares of NMI by 5.3% during the third quarter. Assetmark Inc. now owns 78,168 shares of the financial services provider's stock worth $3,220,000 after buying an additional 3,938 shares during the last quarter. 94.12% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on NMIH. JPMorgan Chase & Co. decreased their target price on shares of NMI from $46.00 to $41.00 and set an "overweight" rating on the stock in a research report on Monday, December 9th. Keefe, Bruyette & Woods upgraded shares of NMI from a "market perform" rating to an "outperform" rating and set a $43.00 target price on the stock in a research report on Monday, February 24th. Barclays lowered shares of NMI from an "overweight" rating to an "equal weight" rating and decreased their target price for the company from $48.00 to $41.00 in a research report on Monday, January 6th. UBS Group reduced their price target on shares of NMI from $42.00 to $41.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 19th. Finally, Royal Bank of Canada reduced their price target on shares of NMI from $48.00 to $47.00 and set an "outperform" rating on the stock in a research report on Thursday, November 7th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $42.29.

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.