NMI Holdings Inc (NASDAQ:NMIH) CEO Bradley M. Shuster sold 81,972 shares of the firm’s stock in a transaction on Thursday, September 6th. The stock was sold at an average price of $21.24, for a total value of $1,741,085.28. Following the completion of the sale, the chief executive officer now directly owns 643,056 shares of the company’s stock, valued at approximately $13,658,509.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of NASDAQ:NMIH opened at $21.15 on Friday. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.23. NMI Holdings Inc has a 1 year low of $10.20 and a 1 year high of $22.80. The firm has a market cap of $1.37 billion, a P/E ratio of 36.93 and a beta of 1.11.
NMI (NASDAQ:NMIH) last announced its quarterly earnings data on Wednesday, August 1st. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.05. NMI had a return on equity of 13.46% and a net margin of 25.23%. The business had revenue of $67.45 million during the quarter. analysts anticipate that NMI Holdings Inc will post 1.55 earnings per share for the current year.
Large investors have recently made changes to their positions in the stock. Glen Harbor Capital Management LLC raised its holdings in shares of NMI by 70.0% during the second quarter. Glen Harbor Capital Management LLC now owns 6,358 shares of the financial services provider’s stock worth $104,000 after acquiring an additional 2,618 shares in the last quarter. Quantbot Technologies LP purchased a new stake in shares of NMI during the first quarter worth $126,000. Itau Unibanco Holding S.A. purchased a new stake in shares of NMI during the second quarter worth $129,000. Kessler Investment Group LLC purchased a new stake in shares of NMI during the second quarter worth $133,000. Finally, Nisa Investment Advisors LLC purchased a new stake in shares of NMI during the second quarter worth $144,000. Institutional investors and hedge funds own 90.51% of the company’s stock.
Several analysts have recently commented on NMIH shares. TheStreet raised NMI from a “c+” rating to a “b” rating in a research report on Monday, May 14th. BidaskClub raised NMI from a “hold” rating to a “buy” rating in a research report on Friday, July 20th. B. Riley raised their target price on NMI from $20.00 to $26.00 and gave the stock a “buy” rating in a research report on Tuesday, August 7th. Compass Point reaffirmed a “buy” rating and issued a $24.00 target price on shares of NMI in a research report on Thursday, August 2nd. Finally, Susquehanna Bancshares raised their target price on NMI from $21.00 to $24.00 and gave the stock a “buy” rating in a research report on Thursday, August 2nd. One equities research analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $22.28.
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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