Media headlines about NMI Holdings (NASDAQ:NMIH) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies negative and positive news coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. NMI Holdings earned a media sentiment score of 0.19 on Accern’s scale. Accern also assigned press coverage about the financial services provider an impact score of 46.6969265597024 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
NMI Holdings (NASDAQ:NMIH) last issued its quarterly earnings results on Tuesday, August 1st. The financial services provider reported $0.10 EPS for the quarter, hitting analysts’ consensus estimates of $0.10. The company had revenue of $42.20 million for the quarter, compared to analyst estimates of $41.13 million. NMI Holdings had a net margin of 52.34% and a return on equity of 5.95%. NMI Holdings’s revenue was up 43.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.03 earnings per share.
Several brokerages have commented on NMIH. Compass Point cut shares of NMI Holdings from a “buy” rating to a “neutral” rating and set a $13.00 target price for the company. in a research report on Tuesday, August 8th. BidaskClub upgraded shares of NMI Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, August 9th. Keefe, Bruyette & Woods cut shares of NMI Holdings from an “outperform” rating to a “market perform” rating and set a $13.00 target price for the company. in a research report on Monday, July 17th. ValuEngine cut shares of NMI Holdings from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Finally, Zacks Investment Research upgraded shares of NMI Holdings from a “sell” rating to a “hold” rating in a research report on Thursday, August 10th. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $13.20.
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In other news, CEO Bradley M. Shuster sold 30,000 shares of NMI Holdings stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $11.79, for a total transaction of $353,700.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP William J. Leatherberry purchased 5,000 shares of the business’s stock in a transaction dated Tuesday, August 29th. The shares were acquired at an average price of $10.65 per share, for a total transaction of $53,250.00. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 149,227 shares of company stock worth $1,760,571. 5.40% of the stock is owned by company insiders.
About NMI Holdings
NMI Holdings, Inc (NMIH) provides private mortgage guaranty insurance through its insurance subsidiaries. The Company’s primary insurance subsidiary, National Mortgage Insurance Corporation (NMIC), is a mortgage insurance (MI) provider on loans purchased by the Government-sponsored enterprises (GSEs).
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