Insider Trading Alert: NMI Holdings, Inc. Executive Sells $200K Worth of Stock
William J. Leatherberry, the Chief Administrative Officer & General Counsel at NMI Holdings, Inc. (NASDAQ:), recently sold 5,000 shares of the company's common stock in two separate transactions, totaling over $200,210. These insider sales may provide insights into the company's valuation and future prospects.
NMI Holdings, a surety insurance company headquartered in California, reported record-breaking second-quarter results in 2024, with total revenue reaching $162.1 million and GAAP net income hitting $92.1 million. The company's operational efficiency was highlighted by a record low expense ratio of 20.1%.
Investors are closely monitoring NMI Holdings' financial health and market position, with a market capitalization of $3.19 billion and a P/E ratio of 9.31. Analysts have a positive outlook on the company, citing potential undervaluation and strong performance over the last year.
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