NMI Holdings, Inc. (NASDAQ:NMIH – Get Rating) Director Michael Curry Montgomery sold 1,796 shares of the firm’s stock in a transaction that occurred on Tuesday, May 17th. The stock was sold at an average price of $18.39, for a total transaction of $33,028.44. Following the sale, the director now owns 40,424 shares of the company’s stock, valued at $743,397.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
NASDAQ:NMIH opened at $17.55 on Thursday. NMI Holdings, Inc. has a 12 month low of $16.69 and a 12 month high of $27.25. The firm has a market cap of $1.51 billion, a price-to-earnings ratio of 6.27 and a beta of 1.51. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.26. The company’s 50 day moving average is $19.54 and its 200-day moving average is $21.64.
NMI (NASDAQ:NMIH – Get Rating) last released its quarterly earnings results on Wednesday, May 4th. The financial services provider reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.03. NMI had a net margin of 49.45% and a return on equity of 16.52%. The company had revenue of $127.44 million for the quarter, compared to analyst estimates of $127.70 million. During the same quarter last year, the firm posted $0.62 earnings per share. The company’s quarterly revenue was up 10.6% compared to the same quarter last year. Research analysts predict that NMI Holdings, Inc. will post 3.2 EPS for the current fiscal year.
NMIH has been the subject of a number of analyst reports. StockNews.com initiated coverage on shares of NMI in a research note on Thursday, March 31st. They issued a “hold” rating for the company. TheStreet cut shares of NMI from a “b-” rating to a “c+” rating in a research note on Tuesday, May 10th. Citigroup reduced their target price on shares of NMI from $32.00 to $28.00 in a research note on Tuesday, May 10th. Keefe, Bruyette & Woods cut shares of NMI from an “outperform” rating to a “market perform” rating and lifted their target price for the company from $26.50 to $27.50 in a research note on Thursday, February 17th. Finally, BTIG Research reduced their target price on shares of NMI from $30.00 to $27.00 in a research note on Tuesday, April 12th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, NMI presently has an average rating of “Hold” and a consensus price target of $29.79.
NMI Company Profile (Get Rating)
NMI Holdings, Inc provides private mortgage guaranty insurance services in the United States. The company offers mortgage insurance services; 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.
- Get a free copy of the StockNews.com research report on NMI (NMIH)
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