NMI Holdings Inc (NASDAQ:NMIH) Director Steven Scheid sold 27,325 shares of the firm’s stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $30.33, for a total value of $828,767.25. Following the transaction, the director now owns 80,947 shares in the company, valued at $2,455,122.51. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
NMI stock opened at $29.65 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.48 and a current ratio of 0.47. The business’s 50-day simple moving average is $32.70 and its 200-day simple moving average is $30.33. The firm has a market capitalization of $1.99 billion, a PE ratio of 11.24 and a beta of 1.22. NMI Holdings Inc has a 52 week low of $23.00 and a 52 week high of $35.79.
NMI (NASDAQ:NMIH) last posted its quarterly earnings data on Tuesday, February 11th. The financial services provider reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.05. The business had revenue of $104.90 million for the quarter, compared to analyst estimates of $104.11 million. NMI had a return on equity of 21.67% and a net margin of 45.40%. Research analysts forecast that NMI Holdings Inc will post 3.02 earnings per share for the current year.
Several equities analysts have weighed in on NMIH shares. B. Riley raised their target price on NMI from $36.00 to $38.00 and gave the company a “buy” rating in a report on Friday, December 6th. Compass Point lowered NMI from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $38.00 to $39.00 in a research note on Wednesday. JPMorgan Chase & Co. lowered NMI from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $37.00 to $36.50 in a research note on Wednesday. Zacks Investment Research lowered NMI from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Credit Suisse Group reiterated a “hold” rating and issued a $33.00 price objective on shares of NMI in a research note on Sunday, November 24th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $36.81.
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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