NMI Holdings Inc (NASDAQ:NMIH) COO Patrick L. Mathis sold 54,118 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $25.98, for a total transaction of $1,405,985.64. Following the transaction, the chief operating officer now owns 81,650 shares of the company’s stock, valued at approximately $2,121,267. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
NASDAQ:NMIH traded down $0.22 during trading hours on Thursday, hitting $25.93. 235,910 shares of the company were exchanged, compared to its average volume of 389,875. The company has a market cap of $1.72 billion, a PE ratio of 15.62 and a beta of 1.38. NMI Holdings Inc has a 52-week low of $13.35 and a 52-week high of $26.28. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.21.
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NMI (NASDAQ:NMIH) last released its quarterly earnings data on Tuesday, February 12th. The financial services provider reported $0.46 EPS for the quarter, beating the consensus estimate of $0.45 by $0.01. The business had revenue of $76.26 million for the quarter, compared to the consensus estimate of $77.40 million. NMI had a net margin of 39.24% and a return on equity of 17.47%. As a group, analysts expect that NMI Holdings Inc will post 2.21 EPS for the current fiscal year.
NMIH has been the subject of several recent analyst reports. B. Riley boosted their price objective on shares of NMI from $23.00 to $26.00 and gave the stock a “buy” rating in a research note on Thursday, February 14th. Zacks Investment Research downgraded shares of NMI from a “buy” rating to a “hold” rating in a research report on Tuesday, January 15th. BidaskClub raised shares of NMI from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, February 20th. ValuEngine raised shares of NMI from a “hold” rating to a “buy” rating in a research report on Friday, January 25th. Finally, Barclays set a $28.00 target price on shares of NMI and gave the stock a “buy” rating in a research report on Thursday, February 14th. One research analyst has rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $25.22.
Hedge funds have recently added to or reduced their stakes in the company. Lavaca Capital LLC purchased a new stake in shares of NMI in the 4th quarter valued at $25,000. Oregon Public Employees Retirement Fund purchased a new stake in shares of NMI in the 4th quarter valued at $25,000. Bremer Trust National Association purchased a new stake in shares of NMI in the 4th quarter valued at $80,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of NMI by 31.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,718 shares of the financial services provider’s stock valued at $84,000 after acquiring an additional 1,117 shares during the last quarter. Finally, C M Bidwell & Associates Ltd. purchased a new stake in shares of NMI in the 3rd quarter valued at $106,000. 90.52% of the stock is currently owned by institutional investors and hedge funds.
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NMI Company Profile
NMI Holdings, Inc, through its subsidiaries, provides private mortgage guaranty insurance services in the United States. The company offers mortgage insurance; reinsurance on loans; and outsourced loan review services to mortgage loan originators. It serves national and regional mortgage banks, money center banks, credit unions, community banks, builder-owned mortgage lenders, Internet-sourced lenders, and other non-bank lenders.
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