Published on 20 Mar 2024 on GuruFocus.com via Yahoo Finance
Insider Sell: EVP, Chief Sales Officer Norman Fitzgerald Sells 12,000 Shares of NMI Holdings ...
NMI Holdings Inc (NASDAQ:NMIH), a company specializing in private mortgage insurance through its principal subsidiary, National Mortgage Insurance Corporation (NMIC), has experienced an insider sell according to a recent SEC filing. Executive Vice President and Chief Sales Officer, Norman Fitzgerald, sold 12,000 shares of the company on March 15, 2024. The transaction was reported in an SEC Filing.Over the past year, the insider has sold a total of 12,000 shares and has not made any purchases of the company's stock. This latest transaction continues a trend of insider selling at NMI Holdings Inc, with a total of 15 insider sells and no insider buys over the past year.
On the day of the insider's recent sell, shares of NMI Holdings Inc were trading at $30, giving the company a market cap of $2.435 billion. The price-earnings ratio of the company stands at 7.84, which is below both the industry median of 12.25 and the company's historical median price-earnings ratio.The stock's valuation, when compared to the GuruFocus Value (GF Value), indicates that NMI Holdings Inc is Fairly Valued. With a share price of $30 and a GF Value of $28.85, the price-to-GF-Value ratio is 1.04.