NMI Holdings Inc (NASDAQ: NMIH) is 39.86% higher on its value in year-to-date trading and has touched a low of $25.62 and a high of $42.49 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 $41.66 in the last trading session, with the day’s loss setting it -0.15%.
Currently trading at $41.51, the stock is 2.80% and 7.27% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.84 million and changing -0.36% at the moment leaves the stock 26.08% off its SMA200. NMIH registered 46.26% gain for a year compared to 6-month gain of 33.90%.
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The stock witnessed a 8.52% loss in the last 1 month and extending the period to 3 months gives it a 25.52%, and is 4.48% up 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 2.54% over the week and 2.12% over the month.
NMI Holdings Inc (NMIH) has around 238 employees, a market worth around $3.31B and $617.91M in sales. Current P/E ratio is 9.81 and Fwd P/E is 8.69. Profit margin for the company is 56.40%. Distance from 52-week low is 62.02% and -2.31% from its 52-week high. The company has generated returns on investments over the last 12 months (14.17%).
The EPS is expected to grow by 18.41% this year
417.0 institutions hold shares in NMI Holdings Inc (NMIH), with institutional investors hold 102.25% of the company’s shares. The shares outstanding are 80.88M, and float is at 78.31M with Short Float at 1.71%. Institutions hold 100.77% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 13.36 million shares valued at $454.67 million. The investor’s holdings represent 16.546 of the NMIH Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 7.08 million shares valued at $240.95 million to account for 8.7684 of the shares outstanding. The other top investors are DIMENSIONAL FUND ADVISORS LP which holds 4.56 million shares representing 5.6445 and valued at over $155.1 million, while STATE STREET CORP holds 4.3728 of the shares totaling 3.53 million with a market value of $120.16 million.
NMI Holdings Inc (NMIH) Insider Activity
The most recent transaction is an insider sale by Leatherberry William J, the company’s Chief Admin. Officer & GC. SEC filings show that Leatherberry William J sold 3,000 shares of the company’s common stock on Aug 27 ’24 at a price of $40.07 per share for a total of $0.12 million. Following the sale, the insider now owns 0.15 million shares.
NMI Holdings Inc disclosed in a document filed with the SEC on Aug 26 ’24 that Leatherberry William J (Chief Admin. Officer & GC) sold a total of 2,000 shares of the company’s common stock. The trade occurred on Aug 26 ’24 and was made at $40.00 per share for $80000.0. Following the transaction, the insider now directly holds 0.16 million shares of the NMIH stock.
Still, SEC filings show that on Jul 31 ’24, EMBLER MICHAEL J (Director) disposed off 26,008 shares at an average price of $39.35 for $1.02 million. The insider now directly holds 61,607 shares of NMI Holdings Inc (NMIH).
