B. Riley Reiterates Buy Rating for NMI Holdings Inc (NASDAQ:NMIH)

B. Riley reissued their buy rating on shares of NMI Holdings Inc (NASDAQ:NMIH) in a report issued on Monday, November 6th. B. Riley also issued estimates for NMI’s FY2017 earnings at $0.55 EPS, FY2018 earnings at $1.05 EPS and FY2019 earnings at $1.40 EPS.

Other research analysts have also issued research reports about the stock. Deutsche Bank AG set a $15.00 price objective on shares of NMI and gave the company a buy rating in a report on Wednesday, August 2nd. ValuEngine upgraded shares of NMI from a hold rating to a buy rating in a report on Friday, September 1st. Singular Research started coverage on shares of NMI in a report on Monday, October 16th. They issued a buy rating and a $16.00 price objective for the company. Keefe, Bruyette & Woods restated a buy rating and set a $19.50 price target on shares of NMI in a report on Friday, November 3rd. Finally, BTIG Research restated a buy rating and set a $17.00 price target on shares of NMI in a report on Sunday, November 5th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of Buy and an average target price of $15.93.

NMI (NASDAQ:NMIH) traded up $0.05 on Monday, hitting $16.50. 205,796 shares of the stock were exchanged, compared to its average volume of 818,496. NMI has a one year low of $8.55 and a one 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. The firm has a market cap of $987.54, a P/E ratio of 28.86 and a beta of 0.75.

NMI (NASDAQ:NMIH) last posted its quarterly earnings results on Wednesday, November 1st. The financial services provider reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.06. The company had revenue of $48.95 million for the quarter, compared to the consensus estimate of $45.79 million. NMI had a net margin of 51.80% and a return on equity of 6.95%. The firm’s quarterly revenue was up 37.8% compared to the same quarter last year. During the same period last year, the company posted $0.10 EPS. equities analysts predict that NMI will post 0.56 earnings per share for the current fiscal year.

In related news, EVP William J. Leatherberry acquired 5,000 shares of NMI stock in a transaction dated Tuesday, August 29th. The stock was bought at an average price of $10.65 per share, with a total value of $53,250.00. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Julie Norberg sold 16,600 shares of the firm’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $16.73, for a total transaction of $277,718.00. Following the sale, the vice president now directly owns 32,305 shares of the company’s stock, valued at approximately $540,462.65. The disclosure for this sale can be found here. Company insiders own 5.40% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of NMIH. Capital Research Global Investors grew its position in NMI by 72.5% in the 2nd quarter. Capital Research Global Investors now owns 3,481,202 shares of the financial services provider’s stock valued at $39,860,000 after purchasing an additional 1,462,624 shares during the period. Wells Fargo & Company MN grew its position in NMI by 849.8% in the 2nd quarter. Wells Fargo & Company MN now owns 618,321 shares of the financial services provider’s stock valued at $7,081,000 after purchasing an additional 553,221 shares during the period. Dimensional Fund Advisors LP grew its position in NMI by 22.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,445,052 shares of the financial services provider’s stock valued at $27,996,000 after purchasing an additional 446,918 shares during the period. Alliancebernstein L.P. grew its position in NMI by 531.7% in the 2nd quarter. Alliancebernstein L.P. now owns 289,320 shares of the financial services provider’s stock valued at $3,313,000 after purchasing an additional 243,520 shares during the period. Finally, Vanguard Group Inc. grew its position in NMI by 10.3% in the 2nd quarter. Vanguard Group Inc. now owns 2,569,591 shares of the financial services provider’s stock valued at $29,421,000 after purchasing an additional 239,387 shares during the period. 84.47% of the stock is owned by institutional investors and hedge funds.

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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).

Analyst Recommendations for NMI (NASDAQ:NMIH)

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