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Norman Peter Fitzgerald, Executive Vice President and Chief Sales Officer at NMI Holdings, Inc. (NASDAQ:NMIH), a $2.82 billion market cap company currently trading at $35.96, has sold 20,000 common shares of the company. According to InvestingPro analysis, NMIH maintains a "GREAT" financial health score of 3.21 out of 5. The shares were sold in a series of open market transactions on February 24, 2025, at a weighted average price of $35.88, with sale prices ranging from $35.69 to $36.07. Following this transaction, Fitzgerald holds 37,470 shares, which include both common shares and unvested restricted stock units.
This sale amounts to a total transaction value of $717,600. The transaction details were disclosed in a Form 4 filing with the Securities and Exchange Commission.
In other recent news, NMI Holdings reported its fourth-quarter earnings for 2024, showcasing a mixed performance. The company posted an earnings per share (EPS) of $1.07, which fell short of the anticipated $1.13. However, NMI Holdings exceeded revenue forecasts, achieving $166.5 million compared to the expected $145.25 million. For the full year, the company’s adjusted net income rose by 13%, and adjusted EPS increased by 17%, highlighting operational efficiency. Additionally, NMI Holdings announced a $250 million stock repurchase authorization, reflecting its commitment to returning capital to shareholders.
In analyst developments, Keefe, Bruyette & Woods upgraded NMI Holdings’ stock rating from Market Perform to Outperform, raising the price target to $43.00. This upgrade was based on the firm’s view of the stock being undervalued due to its strong return on equity and growth compared to peers. The company maintains a conservative credit profile, with 68% of its insurance in force associated with loans having a loan-to-value ratio greater than 740. This conservative stance may provide NMI Holdings with an advantage if the economy slows down. These recent developments indicate a positive outlook for NMI Holdings amidst potential economic headwinds.
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