New Big Money Means NMI Holdings Inc (NMIH) Investors Could Reap Benefit

NMI Holdings Inc (NASDAQ: NMIH) is 0.84% higher on its value in year-to-date trading and has touched a low of $20.61 and a high of $32.50 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The NMIH stock was last observed hovering at around $29.99 in the last trading session, with the day’s loss setting it -0.06%.

Currently trading at $29.93, the stock is -1.97% and 1.53% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.76 million and changing -0.20% at the moment leaves the stock 9.11% off its SMA200. NMIH registered 28.73% gain for a year compared to 6-month loss of 1.15%. The firm has a 50-day simple moving average (SMA 50) of $4.73.

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The stock witnessed a 2.75% gain in the last 1 month and extending the period to 3 months gives it a 5.95%, and is -6.12% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.13% over the week and 1.83% over the month.

NMI Holdings Inc (NMIH) has around 242 employees, a market worth around $2.43B and $560.73M in sales. Current P/E ratio is 8.10 and Fwd P/E is 7.39. Profit margin for the company is 55.58%. Distance from 52-week low is 45.22% and -7.91% from its 52-week high. The company has generated returns on investments over the last 12 months (14.24%).

NMI Holdings Inc quarterly earnings per share for the current quarter are estimated at $0.96 with sales reaching $134.86M over the same period.The EPS is expected to grow by 11.60% this year, but quarterly earnings will post 9.30% year-over-year. Quarterly sales are estimated to grow 12.80% in year-over-year returns.

386 institutions hold shares in NMI Holdings Inc (NMIH), with institutional investors hold 99.08% of the company’s shares. The shares outstanding are 83.55M, and float is at 79.43M with Short Float at 1.55%. Institutions hold 97.66% of the Float.

The top institutional shareholder in the company is Blackrock Inc. with over 13.91 million shares valued at $359.12 million. The investor’s holdings represent 16.90% of the NMIH Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 6.42 million shares valued at $165.8 million to account for 7.80% of the shares outstanding. The other top investors are Oaktree Capital Management Lp which holds 4.9 million shares representing 5.96% and valued at over $126.52 million, while Dimensional Fund Advisors LP holds 5.56% of the shares totaling 4.58 million with a market value of $118.14 million.

NMI Holdings Inc (NMIH) Insider Activity

A total of 12 insider transactions have happened at NMI Holdings Inc (NMIH) in the last six months, with sales accounting for 7 and purchases happening 5 times. The most recent transaction is an insider sale by SHUSTER BRADLEY M, the company’s Executive Chairman. SEC filings show that SHUSTER BRADLEY M sold 171,418 shares of the company’s common stock on Dec 26 at a price of $30.11 per share for a total of $5.16 million. Following the sale, the insider now owns 0.43 million shares.

NMI Holdings Inc disclosed in a document filed with the SEC on Dec 22 that SHUSTER BRADLEY M (Executive Chairman) sold a total of 70,804 shares of the company’s common stock. The trade occurred on Dec 22 and was made at $30.08 per share for $2.13 million. Following the transaction, the insider now directly holds 0.43 million shares of the NMIH stock.

Still, SEC filings show that on Dec 22, Jones James G (Director) disposed off 5,287 shares at an average price of $30.15 for $0.16 million. The insider now directly holds 112,541 shares of NMI Holdings Inc (NMIH).

NMI Holdings Inc (NMIH): Who are the competitors?

One of the company’s main competitors (and peers) include HCI Group Inc. (HCI) that is trading 90.97% up over the past 12 months.Allstate Corp. (ALL) lies in the list of competitors of the NMI Holdings Inc and is 21.11% higher over the same period from NMIHAmerican International Group Inc. (AIG) is 11.56% up on the 1-year trading charts.