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In recent transactions, Yousaf Mohammad Nawaz, the Executive Vice President, Chief of Operations and Technology at NMI Holdings, Inc. (NASDAQ:NMIH), sold a significant portion of the company’s common shares. The company, currently valued at $2.8 billion with a P/E ratio of 8, has maintained strong financial health according to InvestingPro analysis. According to the SEC filings, Nawaz executed two separate sales on February 21 and February 24, 2025.
On February 21, Nawaz sold 1,083 shares at a weighted average price of $35.44, within a price range of $35.40 to $35.51. Subsequently, on February 24, he sold an additional 15,517 shares at a weighted average price of $35.66, with prices ranging from $35.42 to $35.81. These transactions amounted to a total value of $591,717. The stock has shown resilience with a 23% return over the past year, despite recent insider selling.
Following these sales, Nawaz retains ownership of 33,701 shares, including 14,020 common shares and 19,681 unvested restricted stock units. These transactions were conducted as open market sales, and Nawaz maintains direct ownership of the remaining shares. With revenue growth of 12% and strong profitability metrics, detailed analysis and additional insights are available through InvestingPro’s comprehensive research reports.
In other recent news, NMI Holdings reported its fourth-quarter earnings for 2024, revealing mixed results. The company posted an earnings per share (EPS) of $1.07, which was below the anticipated $1.13. However, NMI Holdings exceeded revenue expectations, achieving $166.5 million compared to the forecasted $145.25 million. For the full year, adjusted net income rose by 13% from the previous year, highlighting the company’s strong financial performance despite the EPS shortfall. Additionally, NMI Holdings announced a $250 million stock repurchase authorization, indicating a commitment to returning value to shareholders.
In analyst activity, Keefe, Bruyette & Woods upgraded NMI Holdings from Market Perform to Outperform, raising the price target to $43. The upgrade reflects the firm’s view of NMI Holdings as undervalued, considering its robust return on equity and growth trajectory. The analyst also noted NMI Holdings’ conservative credit profile, which could provide a competitive advantage if economic conditions were to slow. Furthermore, job reductions at the Federal Housing Administration and Ginnie Mae may lead to a temporary market share gain for mortgage insurers, including NMI Holdings. These developments suggest a positive outlook for NMI Holdings amidst potential economic headwinds.
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