James Ozanne Sells 5,000 Shares of NMI Holdings Inc (NASDAQ:NMIH) Stock

NMI Holdings Inc (NASDAQ:NMIH) Director James Ozanne sold 5,000 shares of NMI stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $33.81, for a total value of $169,050.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

James Ozanne also recently made the following trade(s):

  • On Thursday, September 19th, James Ozanne sold 5,000 shares of NMI stock. The stock was sold at an average price of $27.56, for a total value of $137,800.00.

NASDAQ NMIH opened at $32.65 on Tuesday. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 0.17. NMI Holdings Inc has a twelve month low of $15.62 and a twelve month high of $34.50. The firm has a market capitalization of $2.28 billion, a PE ratio of 19.67 and a beta of 1.30. The stock’s 50 day moving average is $31.14 and its 200 day moving average is $28.53.

NMI (NASDAQ:NMIH) last released its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $0.71 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.09. NMI had a return on equity of 20.63% and a net margin of 44.92%. The company had revenue of $101.59 million for the quarter, compared to analyst estimates of $94.67 million. On average, research analysts anticipate that NMI Holdings Inc will post 2.55 earnings per share for the current year.

A number of brokerages have recently weighed in on NMIH. B. Riley upgraded NMI from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $30.00 to $34.00 in a research report on Tuesday, October 15th. ValuEngine lowered NMI from a “hold” rating to a “sell” rating in a research report on Tuesday. Credit Suisse Group restated a “hold” rating and set a $33.00 price target on shares of NMI in a research report on Sunday, November 24th. Zacks Investment Research upgraded NMI from a “hold” rating to a “buy” rating and set a $36.00 price target on the stock in a research report on Saturday, November 9th. Finally, BidaskClub lowered NMI from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 7th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and nine have issued a buy rating to the stock. NMI has an average rating of “Buy” and an average target price of $32.38.

A number of large investors have recently made changes to their positions in the business. BlackRock Inc. raised its stake in NMI by 1.5% during the second quarter. BlackRock Inc. now owns 9,752,543 shares of the financial services provider’s stock valued at $276,876,000 after buying an additional 143,075 shares during the last quarter. Vanguard Group Inc. raised its stake in NMI by 2.5% during the second quarter. Vanguard Group Inc. now owns 5,354,901 shares of the financial services provider’s stock valued at $152,025,000 after buying an additional 128,263 shares during the last quarter. Eagle Asset Management Inc. raised its stake in NMI by 28.0% during the third quarter. Eagle Asset Management Inc. now owns 1,670,696 shares of the financial services provider’s stock valued at $43,872,000 after buying an additional 365,801 shares during the last quarter. Carillon Tower Advisers Inc. raised its stake in NMI by 28.3% during the third quarter. Carillon Tower Advisers Inc. now owns 1,438,589 shares of the financial services provider’s stock valued at $37,777,000 after buying an additional 317,391 shares during the last quarter. Finally, Boston Partners raised its stake in NMI by 57.9% during the third quarter. Boston Partners now owns 1,249,474 shares of the financial services provider’s stock valued at $33,178,000 after buying an additional 458,119 shares during the last quarter. Institutional investors and hedge funds own 89.63% of the company’s stock.

About NMI

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.

Read More: Why Net Income is Important to Investors

Insider Buying and Selling by Quarter for NMI (NASDAQ:NMIH)

Receive News & Ratings for NMI Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NMI and related companies with MarketBeat.com's FREE daily email newsletter.