B. Riley reissued their buy rating on shares of NMI Holdings Inc (NASDAQ:NMIH) in a report published on Monday, November 6th. B. Riley also issued estimates for NMI Holdings’ FY2017 earnings at $0.55 EPS, FY2018 earnings at $1.05 EPS and FY2019 earnings at $1.40 EPS.
Several other brokerages have also commented on NMIH. ValuEngine raised shares of NMI Holdings from a hold rating to a buy rating in a research report on Friday, September 1st. BidaskClub lowered shares of NMI Holdings from a hold rating to a sell rating in a research report on Tuesday, August 15th. Compass Point lowered shares of NMI Holdings from a buy rating to a neutral rating and set a $13.00 price target for the company. in a research report on Tuesday, August 8th. Deutsche Bank AG set a $16.00 price target on shares of NMI Holdings and gave the company a buy rating in a research note on Wednesday, October 25th. Finally, Keefe, Bruyette & Woods cut shares of NMI Holdings from an outperform rating to a market perform rating and set a $13.00 price target on the stock. in a research note on Monday, July 17th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus price target of $15.93.
Shares of NMI Holdings (NASDAQ:NMIH) opened at $16.30 on Monday. The company has a market cap of $978.54, a PE ratio of 28.60 and a beta of 0.75. NMI Holdings has a 1 year low of $8.55 and a 1 year high of $17.08. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.28.
NMI Holdings (NASDAQ:NMIH) last released its quarterly earnings results on Wednesday, November 1st. The financial services provider reported $0.20 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.06. The business had revenue of $48.95 million during the quarter, compared to analyst estimates of $45.79 million. NMI Holdings had a net margin of 51.80% and a return on equity of 6.95%. The company’s quarterly revenue was up 37.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.10 earnings per share. equities research analysts predict that NMI Holdings will post 0.56 EPS for the current year.
In other NMI Holdings news, EVP William J. Leatherberry purchased 5,000 shares of the stock in a transaction that occurred on Tuesday, August 29th. The stock was purchased at an average cost of $10.65 per share, with a total value of $53,250.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Julie Norberg sold 16,600 shares of the business’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $16.73, for a total value of $277,718.00. Following the completion of the sale, the vice president now owns 32,305 shares of the company’s stock, valued at approximately $540,462.65. The disclosure for this sale can be found here. 5.40% of the stock is currently owned by insiders.
Several institutional investors and hedge funds have recently bought and sold shares of NMIH. Hancock Holding Co. lifted its position in NMI Holdings by 4.3% during the second quarter. Hancock Holding Co. now owns 17,365 shares of the financial services provider’s stock worth $199,000 after buying an additional 715 shares during the period. Nisa Investment Advisors LLC raised its holdings in shares of NMI Holdings by 9.1% during the 2nd quarter. Nisa Investment Advisors LLC now owns 9,580 shares of the financial services provider’s stock valued at $101,000 after buying an additional 800 shares during the period. Legal & General Group Plc grew its stake in NMI Holdings by 8.8% during the 2nd quarter. Legal & General Group Plc now owns 13,003 shares of the financial services provider’s stock valued at $149,000 after purchasing an additional 1,047 shares in the last quarter. Falcon Point Capital LLC grew its stake in NMI Holdings by 0.5% during the 2nd quarter. Falcon Point Capital LLC now owns 204,271 shares of the financial services provider’s stock valued at $2,339,000 after purchasing an additional 1,055 shares in the last quarter. Finally, Alpine Woods Capital Investors LLC grew its position in shares of NMI Holdings by 10.0% in the 2nd quarter. Alpine Woods Capital Investors LLC now owns 22,000 shares of the financial services provider’s stock worth $252,000 after acquiring an additional 2,000 shares in the last quarter. 82.21% of the stock is currently owned by institutional investors and hedge funds.
About NMI Holdings
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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