Claudia J. Merkle Sells 15,000 Shares of NMI Holdings Inc (NMIH) Stock

NMI Holdings Inc (NASDAQ:NMIH) COO Claudia J. Merkle sold 15,000 shares of the company’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $17.80, for a total value of $267,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

NMI Holdings Inc (NMIH) opened at $17.50 on Friday. NMI Holdings Inc has a one year low of $9.35 and a one year high of $17.95. The company has a market capitalization of $1,044.58, a P/E ratio of 30.53 and a beta of 0.84. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.24 and a current ratio of 0.24.

NMI (NASDAQ:NMIH) last announced its quarterly earnings results on Wednesday, November 1st. The financial services provider reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.06. NMI had a return on equity of 6.95% and a net margin of 51.80%. The company had revenue of $48.95 million during the quarter, compared to analyst estimates of $45.79 million. During the same period in the prior year, the company earned $0.10 earnings per share. The firm’s revenue was up 37.8% on a year-over-year basis. equities analysts anticipate that NMI Holdings Inc will post 0.56 EPS for the current year.

Several large investors have recently bought and sold shares of the company. Hancock Holding Co. raised its stake in shares of NMI by 4.3% during the 2nd quarter. Hancock Holding Co. now owns 17,365 shares of the financial services provider’s stock valued at $199,000 after buying an additional 715 shares during the last quarter. Nisa Investment Advisors LLC lifted its holdings in NMI by 9.1% in the second quarter. Nisa Investment Advisors LLC now owns 9,580 shares of the financial services provider’s stock valued at $101,000 after acquiring an additional 800 shares during the last quarter. Legal & General Group Plc lifted its holdings in NMI by 8.8% in the second quarter. Legal & General Group Plc now owns 13,003 shares of the financial services provider’s stock valued at $149,000 after acquiring an additional 1,047 shares during the last quarter. Falcon Point Capital LLC lifted its holdings in NMI by 0.5% in the second quarter. Falcon Point Capital LLC now owns 204,271 shares of the financial services provider’s stock valued at $2,339,000 after acquiring an additional 1,055 shares during the last quarter. Finally, Alpine Woods Capital Investors LLC lifted its holdings in NMI by 10.0% in the second quarter. Alpine Woods Capital Investors LLC now owns 22,000 shares of the financial services provider’s stock valued at $252,000 after acquiring an additional 2,000 shares during the last quarter. 83.57% of the stock is owned by institutional investors and hedge funds.

A number of research firms have recently weighed in on NMIH. Deutsche Bank lowered NMI from a “buy” rating to a “hold” rating and set a $16.00 price objective for the company. in a research note on Friday, November 3rd. B. Riley reaffirmed a “buy” rating on shares of NMI in a research note on Monday, November 6th. ValuEngine raised NMI from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $13.00 price objective on shares of NMI in a research note on Thursday, August 31st. Finally, Compass Point reissued a “neutral” rating and set a $13.00 price target on shares of NMI in a research note on Saturday, October 14th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. NMI currently has an average rating of “Buy” and a consensus target price of $15.93.

WARNING: “Claudia J. Merkle Sells 15,000 Shares of NMI Holdings Inc (NMIH) Stock” was posted by Sports Perspectives and is the sole property of of Sports Perspectives. If you are accessing this piece on another domain, it was illegally copied and reposted in violation of U.S. & international copyright legislation. The legal version of this piece can be viewed at https://sportsperspectives.com/2017/12/09/claudia-j-merkle-sells-15000-shares-of-nmi-holdings-inc-nmih-stock.html.

About NMI

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).

Insider Buying and Selling by Quarter for NMI (NASDAQ:NMIH)

Receive News & Ratings for NMI Holdings Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NMI Holdings Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply