NMI Holdings Inc (NASDAQ:NMIH) – B. Riley upped their FY2018 earnings per share estimates for shares of NMI in a report issued on Thursday, Zacks Investment Research reports. B. Riley analyst R. Binner now anticipates that the financial services provider will earn $1.30 per share for the year, up from their prior forecast of $1.00. B. Riley has a “Buy” rating on the stock. B. Riley also issued estimates for NMI’s FY2019 earnings at $1.70 EPS.
NMI (NASDAQ:NMIH) last issued its quarterly earnings data on Wednesday, November 1st. The financial services provider reported $0.20 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.06. NMI had a return on equity of 6.95% and a net margin of 51.80%. The company had revenue of $48.95 million during the quarter, compared to the consensus estimate of $45.79 million. During the same period last year, the company earned $0.10 earnings per share. The firm’s revenue was up 37.8% compared to the same quarter last year.
Shares of NMI (NASDAQ:NMIH) traded up $0.45 on Monday, hitting $18.95. The stock had a trading volume of 494,500 shares, compared to its average volume of 566,222. NMI has a 52 week low of $10.07 and a 52 week high of $19.00. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $1,137.63, a P/E ratio of 13.54 and a beta of 0.84.
In related news, EVP Patrick L. Mathis sold 10,000 shares of NMI stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $16.99, for a total transaction of $169,900.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Claudia J. Merkle sold 15,000 shares of NMI stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $17.80, for a total value of $267,000.00. The disclosure for this sale can be found here. Insiders sold 41,600 shares of company stock valued at $714,618 in the last three months. Insiders own 5.40% of the company’s stock.
Several large investors have recently made changes to their positions in NMIH. Macquarie Group Ltd. purchased a new position in shares of NMI during the third quarter valued at approximately $113,000. Citadel Advisors LLC purchased a new position in shares of NMI during the third quarter valued at approximately $141,000. Legal & General Group Plc boosted its position in shares of NMI by 8.8% during the second quarter. Legal & General Group Plc now owns 13,003 shares of the financial services provider’s stock valued at $149,000 after buying an additional 1,047 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of NMI during the third quarter valued at approximately $156,000. Finally, Algert Global LLC purchased a new position in shares of NMI during the third quarter valued at approximately $179,000. 83.57% of the stock is currently owned by institutional investors.
NMI Holdings, Inc (NMIH) provides private mortgage guaranty insurance through its insurance subsidiaries. The Company’s primary insurance subsidiary, National Mortgage Insurance Corporation (NMIC), is a mortgage insurance (MI) provider on loans purchased by the Government-sponsored enterprises (GSEs).
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