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

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NMI Holdings Inc (NASDAQ:NMIH) Director James Ozanne sold 5,000 shares of the firm’s stock in a transaction 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 accessible through 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 shares were sold at an average price of $27.56, for a total value of $137,800.00.

NMI stock traded down $0.92 during midday trading on Monday, reaching $32.65. The company’s stock had a trading volume of 593,168 shares, compared to its average volume of 438,973. NMI Holdings Inc has a 52 week low of $15.62 and a 52 week high of $34.50. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 0.17. The business has a 50-day moving average price of $30.76 and a 200-day moving average price of $28.43. The stock has a market cap of $2.28 billion, a PE ratio of 19.67 and a beta of 1.30.

NMI (NASDAQ:NMIH) last announced its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $0.71 EPS for the quarter, beating the Zacks’ 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 firm had revenue of $101.59 million for the quarter, compared to analyst estimates of $94.67 million. As a group, research analysts predict that NMI Holdings Inc will post 2.55 EPS for the current fiscal year.

Several hedge funds have recently made changes to their positions in NMIH. Eagle Asset Management Inc. acquired a new stake in shares of NMI during the second quarter valued at about $37,045,000. Carillon Tower Advisers Inc. acquired a new stake in shares of NMI during the second quarter valued at about $31,831,000. Nuveen Asset Management LLC acquired a new stake in shares of NMI during the second quarter valued at about $23,048,000. Boston Partners boosted its stake in shares of 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 purchasing an additional 458,119 shares in the last quarter. Finally, APG Asset Management N.V. boosted its stake in shares of NMI by 45.2% during the second quarter. APG Asset Management N.V. now owns 644,100 shares of the financial services provider’s stock valued at $16,057,000 after purchasing an additional 200,400 shares in the last quarter. 89.63% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms have issued reports on NMIH. B. Riley upgraded NMI from a “neutral” rating to a “buy” rating and lifted their target price for the company from $30.00 to $34.00 in a research report on Tuesday, October 15th. Zacks Investment Research upgraded NMI from a “hold” rating to a “buy” rating and set a $36.00 target price on the stock in a research report on Saturday, November 9th. Credit Suisse Group reiterated a “hold” rating and issued a $33.00 target price on shares of NMI in a research report on Sunday, November 24th. BidaskClub cut NMI from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 7th. Finally, ValuEngine upgraded NMI from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $32.38.

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.

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