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.
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.
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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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