NMIH NMI Holdings, Inc. Insider Trading

Executive Chairman Shuster sold 55,000 shares at $39.63, reducing stake by 11.7% to 415,411 shares post-trade.

SHUSTER BRADLEY M sold 55,000 shares (55.0K shares) at $39.63 on 2026-02-18 for a total value of $2,179,622.50 ($2.2M), reducing his holdings from 470,411 to 415,411 shares. The transaction occurs while NMIH trades near the top of its 52-week range ($39.66 current price versus $43.15 peak), suggesting the insider executed this trade at an opportune price level. His prior four sales at NMIH generated average 90-day returns of +3.8% (showing the stock rose after each prior sale), and his cross-ticker track record of 4 prior sells also shows an average 90-day return of +3.8%, indicating a consistent pattern of selling into rallies rather than selling before declines. The underlying business remains fundamentally sound with NMI Holdings reporting net income of $96.0M on revenue of $178.7M and an attractive P/E of 7.36, yet the timing of this $2.2M liquidation—at elevated price levels relative to recent trading—suggests opportunistic portfolio adjustment rather than distress or conviction-driven repositioning.

NMIH CEO Pollitzer sold 57,166 shares at $36.54 for $2.1M; retains 329,465 shares

CEO Adam Pollitzer sold 57,166 shares of NMI Holdings at $36.54 on 2025-05-01, reducing his position by 14.8% to 329,465 shares remaining. The sale occurred when the stock was trading near recent highs, approximately 1.3% below the 52-week peak of $41.73, and coincides with the company posting strong fundamentals: annual revenue growth of 12.4%, a P/E of 7.87, and recent quarterly net income of $102.6M. The transaction represents a material reduction in CEO equity stake but does not signal distress; the company maintains solid profitability and modest valuation metrics. The post-transaction holdings remain substantial, suggesting continued material alignment with shareholders.

Director EMBLER MICHAEL J sold 26,008 shares of NMIH at $39.35 on 2024-07-31, reducing holdings by 29.7%

Director Embler sold 26,008 shares at $39.35 on 2024-07-31, reducing his stake from 87,615 shares to 61,607 shares—a 29.7% reduction in holdings. The sale occurred near the 52-week high of $39.39, with the stock subsequently trading down to $37.69 (-4.3% from that high). NMIH exhibits a strong operational profile with net income of $92,079,000 on revenue of $162,122,000 (latest quarter), annual revenue growth of +10.6%, and a low P/E of 8.62, suggesting the fundamentals do not reflect distress. The sell-off represents a significant portfolio repositioning by a director, though the stock has appreciated +10.1% over the prior 30 days and +15.9% over 90 days, maintaining upward momentum post-transaction.