Bradley M. Shuster, the executive chairman of mortgage insurer NMI Holdings, Inc. (NASDAQ: NMIH), completed the sale of 55,000 shares of the company's common stock on February 18, 2026, realizing approximately $2.17 million. According to a Form 4 filed with the Securities and Exchange Commission, the disposition was executed at a weighted average price of $39.6295 per share, with individual sale prices ranging from $39.56 to $39.79.
The transaction occurred close to NMIH's recent trading level of $39.66, and the stock is trading at a trailing price-to-earnings ratio of 8.06. InvestingPro data referenced in the filing indicates the shares are priced slightly below its InvestingPro Fair Value estimate.
The Form 4 further records that Shuster exercised options to acquire an additional 55,000 shares of NMIH common stock at an exercise price of $11.10 per share, for a total exercise amount of $610,500. These option exercises and the concurrent sale are reflected in the ownership changes disclosed in the filing.
Following the completion of these transactions, Shuster's direct ownership in NMIH stands at 415,411 shares. That total comprises 308,130 common shares and 107,281 unvested restricted stock units. In addition to direct holdings, Shuster indirectly possesses 47,150 shares through the Shuster Family Trust.
Publicly reported InvestingPro metrics included in the disclosure show NMIH trading at a low PEG ratio of 0.71. Market data cited in the filing lists NMIH's market capitalization at $3.03 billion. Analyst price targets recorded in the same dataset span from $42 to $50, indicating a range of potential upside noted by those analysts.
The filing and accompanying public information also note recent company operating results. NMI Holdings reported fourth-quarter 2025 earnings per share of $1.20, marginally above the consensus forecast of $1.19. Revenue for the quarter was $180.7 million, exceeding the anticipated $152.67 million. The company is described as profitable over the last twelve months and carries a financial health score of "GREAT" as rated by InvestingPro analysts.
No recent mergers or acquisitions were reported for NMI Holdings in the filing, and there were no analyst upgrades or downgrades mentioned in the available updates. The disclosure states that the positive earnings announcement suggests continued investor confidence, and no other significant company news was reported in the recent updates.
Summary
Shuster sold 55,000 NMIH shares on February 18, 2026, for approximately $2.17 million at a weighted average price of $39.6295 and simultaneously exercised options to acquire 55,000 shares at $11.10. After the transactions, he directly owns 415,411 shares and indirectly owns 47,150 shares through a family trust. Company metrics cited in the filing include a P/E of 8.06, PEG of 0.71, market cap of $3.03 billion, and analyst targets of $42 to $50. NMIH posted Q4 2025 results with EPS of $1.20 and revenue of $180.7 million.
Key points
- Insider transaction: Shuster sold 55,000 shares on February 18, 2026, at a weighted average price of $39.6295; he also exercised 55,000 options at $11.10 for $610,500.
- Post-transaction holdings: Direct ownership of 415,411 shares (308,130 common; 107,281 unvested RSUs) plus 47,150 shares indirectly held via the Shuster Family Trust.
- Company metrics and performance: NMIH trades near $39.66 with a P/E of 8.06, PEG of 0.71, market cap of $3.03 billion, and reported Q4 2025 EPS of $1.20 on $180.7 million in revenue.
Risks and uncertainties
- No recent mergers or acquisitions were reported, leaving strategic activity limited in the public record.
- The filing and updates do not mention any analyst upgrades or downgrades, which limits visible analyst-driven momentum in the public disclosures.
- There were no other significant company developments reported in the recent updates, constraining the set of new public information available to investors.