William J. Leatherberry Sells 39,897 Shares of NMI Holdings Inc (NMIH) Stock

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.

Large investors have recently made changes to their positions in the company. Lavaca Capital LLC acquired a new stake in shares of NMI during the 4th quarter worth approximately $25,000. Oregon Public Employees Retirement Fund acquired a new stake in shares of NMI during the 4th quarter worth approximately $25,000. Bremer Trust National Association acquired a new stake in shares of NMI during the 4th quarter worth approximately $80,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of NMI by 31.0% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,718 shares of the financial services provider’s stock worth $84,000 after purchasing an additional 1,117 shares in the last quarter. Finally, C M Bidwell & Associates Ltd. acquired a new stake in shares of NMI during the 3rd quarter worth approximately $106,000. 90.52% of the stock is currently owned by institutional investors.

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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