NMI Holdings Inc (NASDAQ: NMIH) is 3.67% higher on its value in year-to-date trading and has touched a low of $21.38 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 $31.85 in the last trading session, with the day’s loss setting it -1.08%.
Currently trading at $30.77, the stock is 0.33% and 1.05% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.81 million and changing -3.39% at the moment leaves the stock 7.93% off its SMA200. NMIH registered 37.86% gain for a year compared to 6-month gain of 17.62%. The firm has a 50-day simple moving average (SMA 50) of $4.81.
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The stock witnessed a 3.99% loss in the last 1 month and extending the period to 3 months gives it a 4.66%, and is -4.17% 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 2.37% over the week and 2.30% over the month.
NMI Holdings Inc (NMIH) has around 238 employees, a market worth around $2.49B and $579.00M in sales. Current P/E ratio is 8.01 and Fwd P/E is 6.78. Profit margin for the company is 55.63%. Distance from 52-week low is 43.92% and -5.32% from its 52-week high. The company has generated returns on investments over the last 12 months (13.79%).
NMI Holdings Inc quarterly earnings per share for the current quarter are estimated at $0.98 with sales reaching $137.27M over the same period.The EPS is expected to grow by 5.60% this year, but quarterly earnings will post 9.70% year-over-year. Quarterly sales are estimated to grow 12.70% in year-over-year returns.
396 institutions hold shares in NMI Holdings Inc (NMIH), with institutional investors hold 99.81% of the company’s shares. The shares outstanding are 80.88M, and float is at 79.23M with Short Float at 2.26%. Institutions hold 98.51% 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
The most recent transaction is an insider sale by Smith Robert Owen, the company’s EVP, Chief Risk Officer. SEC filings show that Smith Robert Owen sold 3,000 shares of the company’s common stock on Mar 21 ’24 at a price of $31.19 per share for a total of $93556.0. Following the sale, the insider now owns 82612.0 shares.
NMI Holdings Inc disclosed in a document filed with the SEC on Mar 19 ’24 that Realmuto Nicholas Daniel (VP, Controller) sold a total of 1,803 shares of the company’s common stock. The trade occurred on Mar 19 ’24 and was made at $30.08 per share for $54238.0. Following the transaction, the insider now directly holds 10128.0 shares of the NMIH stock.
Still, SEC filings show that on Mar 19 ’24, Yousaf Mohammad Nawaz (EVP, Operations & Info. Tech.) disposed off 1,117 shares at an average price of $29.95 for $33459.0. The insider now directly holds 32,909 shares of NMI Holdings Inc (NMIH).
