NMI Holdings Inc (NASDAQ:NMIH) EVP William J. Leatherberry sold 39,897 shares of NMI stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $25.98, for a total value of $1,036,524.06. Following the completion of the transaction, the executive vice president now directly owns 181,055 shares in the company, valued at $4,703,808.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Shares of NASDAQ:NMIH traded down $0.22 during trading on Thursday, hitting $25.93. 235,910 shares of the stock were exchanged, compared to its average volume of 389,875. NMI Holdings Inc has a 1-year low of $13.35 and a 1-year high of $26.28. The firm has a market capitalization of $1.72 billion, a PE ratio of 15.62 and a beta of 1.38. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.21.
NMI (NASDAQ:NMIH) last announced its quarterly earnings data on Tuesday, February 12th. The financial services provider reported $0.46 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.01. NMI had a return on equity of 17.47% and a net margin of 39.24%. The company had revenue of $76.26 million for the quarter, compared to analyst estimates of $77.40 million. On average, sell-side analysts predict that NMI Holdings Inc will post 2.21 EPS for the current year.
NMIH has been the topic of several recent analyst reports. ValuEngine downgraded NMI from a “buy” rating to a “hold” rating in a research report on Tuesday, November 20th. JPMorgan Chase & Co. initiated coverage on NMI in a research report on Tuesday, December 11th. They issued an “overweight” rating and a $25.00 price target on the stock. Barclays set a $27.00 price target on NMI and gave the stock a “buy” rating in a research report on Friday, December 14th. Zacks Investment Research raised NMI from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a research report on Wednesday, January 2nd. Finally, BidaskClub raised NMI from a “hold” rating to a “buy” rating in a research report on Friday, January 25th. One investment analyst has rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $25.22.
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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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