NMI Holdings Inc (NASDAQ:NMIH) – Research analysts at B. Riley cut their FY2018 earnings estimates for NMI in a note issued to investors on Monday. B. Riley analyst R. Binner now expects that the financial services provider will post earnings per share of $1.00 for the year, down from their previous estimate of $1.05. B. Riley has a “Buy” rating on the stock. B. Riley also issued estimates for NMI’s FY2019 earnings at $1.35 EPS.
Other equities analysts have also recently issued reports about the stock. Deutsche Bank set a $16.00 target price on shares of NMI and gave the company a “buy” rating in a research note on Wednesday, October 25th. Singular Research initiated coverage on shares of NMI in a research note on Monday, October 16th. They issued a “buy” rating and a $16.00 target price for the company. ValuEngine raised shares of NMI from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $19.50 price target on shares of NMI in a report on Friday, November 3rd. Finally, BTIG Research reissued a “buy” rating and issued a $17.00 price target on shares of NMI in a report on Sunday, November 5th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $15.93.
NMI (NASDAQ:NMIH) traded up $0.05 on Tuesday, hitting $17.40. 306,225 shares of the company traded hands, compared to its average volume of 548,354. 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 has a 1 year low of $9.35 and a 1 year high of $17.95. The firm has a market cap of $1,060.00, a PE ratio of 30.35 and a beta of 0.84.
NMI (NASDAQ:NMIH) last posted its earnings results on Wednesday, November 1st. The financial services provider reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.06. NMI had a net margin of 51.80% and a return on equity of 6.95%. The firm had revenue of $48.95 million during the quarter, compared to analysts’ expectations of $45.79 million. During the same period in the previous year, the business posted $0.10 EPS. The business’s revenue was up 37.8% compared to the same quarter last year.
In related news, COO Claudia J. Merkle sold 15,000 shares of the business’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $17.80, for a total value of $267,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Julie Norberg sold 16,600 shares of the business’s stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $16.73, for a total transaction of $277,718.00. Following the completion of the sale, the vice president now directly owns 32,305 shares of the company’s stock, valued at approximately $540,462.65. The disclosure for this sale can be found here. In the last three months, insiders sold 41,600 shares of company stock valued at $714,618. 5.40% of the stock is owned by insiders.
Institutional investors have recently added to or reduced their stakes in the company. Quantum Capital Management purchased a new stake in shares of NMI during the third quarter worth $931,000. Renaissance Technologies LLC grew its holdings in shares of NMI by 2.2% during the second quarter. Renaissance Technologies LLC now owns 2,024,900 shares of the financial services provider’s stock worth $23,185,000 after buying an additional 44,182 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of NMI by 2.5% during the second quarter. American Century Companies Inc. now owns 620,371 shares of the financial services provider’s stock worth $7,103,000 after buying an additional 15,107 shares in the last quarter. Wells Fargo & Company MN grew its holdings in shares of NMI by 849.8% during the second quarter. Wells Fargo & Company MN now owns 618,321 shares of the financial services provider’s stock worth $7,081,000 after buying an additional 553,221 shares in the last quarter. Finally, Capital Research Global Investors grew its holdings in shares of NMI by 72.5% during the second quarter. Capital Research Global Investors now owns 3,481,202 shares of the financial services provider’s stock worth $39,860,000 after buying an additional 1,462,624 shares in the last quarter. 83.57% of the stock is owned by institutional investors and hedge funds.
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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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