FY2018 EPS Estimates for NMI Holdings Inc Raised by B. Riley (NMIH)

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.

A number of other equities research analysts also recently weighed in on NMIH. ValuEngine downgraded NMI from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Zacks Investment Research upgraded NMI from a “hold” rating to a “strong-buy” rating and set a $15.00 target price for the company in a report on Saturday, October 14th. Compass Point reiterated a “neutral” rating and issued a $13.00 target price on shares of NMI in a report on Saturday, October 14th. Singular Research began coverage on NMI in a report on Monday, October 16th. They issued a “buy” rating and a $16.00 target price for the company. Finally, Deutsche Bank set a $16.00 target price on NMI and gave the stock a “buy” rating in a report on Wednesday, October 25th. Two analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. NMI has a consensus rating of “Buy” and a consensus price target of $18.36.

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.

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About NMI

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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