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In recent transactions reported to the Securities and Exchange Commission, Nicholas Daniel Realmuto, Vice President and Controller of NMI Holdings, Inc. (NASDAQ:NMIH), a $2.77 billion market cap company with a GREAT financial health score according to InvestingPro, sold a total of $97,334 in company stock. The sales occurred over several transactions, with the most significant sale of 2,755 shares at a price of $35.33 per share on March 18, 2025.
Earlier, on March 15, 2025, Realmuto was involved in multiple transactions, including the sale of 471, 1,039, 770, and 564 shares, all at a price of $0 per share. These shares were withheld by NMI Holdings to satisfy withholding taxes related to the vesting of restricted stock units granted in previous years.
Following these transactions, Realmuto holds 7,908 unvested restricted stock units.
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 analysts’ expectations of $1.13. However, NMI Holdings surpassed revenue forecasts, achieving $166.5 million compared to the anticipated $145.25 million. For the full year 2024, the company saw a 13% increase in adjusted net income, highlighting its resilience amid fluctuating market conditions. Additionally, NMI Holdings has authorized a $250 million stock repurchase program, indicating confidence in its financial stability.
In another development, Keefe, Bruyette & Woods upgraded NMI Holdings’ stock rating from Market Perform to Outperform, raising the price target to $43. The upgrade reflects the analyst’s view that the stock is undervalued, considering its robust return on equity and faster growth compared to peers. The firm also noted NMI Holdings’ conservative credit profile, which could provide an advantage if economic conditions worsen. Furthermore, recent job reductions at the Federal Housing Administration and Ginnie Mae could lead to temporary market share gains for mortgage insurers, including NMI Holdings. These developments indicate a positive outlook for NMI Holdings amid potential economic challenges.
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