NMI Holdings Inc (NASDAQ:NMIH) EVP William J. Leatherberry sold 14,622 shares of the company’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $27.81, for a total value of $406,637.82. Following the transaction, the executive vice president now directly owns 173,967 shares in the company, valued at approximately $4,838,022.27. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
NMIH traded up $0.71 during trading on Wednesday, reaching $28.00. 280,950 shares of the company were exchanged, compared to its average volume of 440,124. The company’s 50-day moving average is $27.62 and its two-hundred day moving average is $27.38. The company has a market cap of $1.90 billion, a price-to-earnings ratio of 16.87 and a beta of 1.27. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.18. NMI Holdings Inc has a 12-month low of $15.62 and a 12-month high of $31.34.
NMI (NASDAQ:NMIH) last issued its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.04. The business had revenue of $91.18 million for the quarter, compared to analysts’ expectations of $85.11 million. NMI had a return on equity of 19.65% and a net margin of 41.31%. Equities analysts forecast that NMI Holdings Inc will post 2.4 earnings per share for the current year.
Institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. increased its stake in NMI by 1.5% in the 2nd quarter. BlackRock Inc. now owns 9,752,543 shares of the financial services provider’s stock worth $276,876,000 after acquiring an additional 143,075 shares during the last quarter. Vanguard Group Inc. increased its stake in NMI by 2.5% in the 2nd quarter. Vanguard Group Inc. now owns 5,354,901 shares of the financial services provider’s stock worth $152,025,000 after acquiring an additional 128,263 shares during the last quarter. FMR LLC increased its stake in NMI by 44.8% in the 1st quarter. FMR LLC now owns 2,501,047 shares of the financial services provider’s stock worth $64,702,000 after acquiring an additional 773,781 shares during the last quarter. Eagle Asset Management Inc. bought a new position in NMI in the 2nd quarter worth about $37,045,000. Finally, Carillon Tower Advisers Inc. bought a new position in NMI in the 2nd quarter worth about $31,831,000. 90.66% of the stock is currently owned by institutional investors and hedge funds.
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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