NMI Holdings Inc (NMIH) Sees Strong Trading Volume

Shares of NMI Holdings Inc (NASDAQ:NMIH) saw strong trading volume on Thursday . 3,780,002 shares were traded during mid-day trading, an increase of 904% from the previous session’s volume of 376,562 shares.The stock last traded at $13.05 and had previously closed at $12.35.

Several research analysts recently weighed in on the stock. BidaskClub upgraded shares of NMI Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, August 9th. Keefe, Bruyette & Woods cut shares of NMI Holdings from an “outperform” rating to a “market perform” rating and set a $13.00 price objective on the stock. in a research report on Monday, July 17th. Zacks Investment Research upgraded shares of NMI Holdings from a “sell” rating to a “hold” rating in a research report on Thursday, August 10th. ValuEngine upgraded shares of NMI Holdings from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Finally, Compass Point cut shares of NMI Holdings from a “buy” rating to a “neutral” rating and set a $13.00 price objective on the stock. in a research report on Tuesday, August 8th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company. NMI Holdings has an average rating of “Hold” and an average target price of $13.20.

The stock has a market capitalization of $781.20 million, a price-to-earnings ratio of 10.38 and a beta of 0.69. The stock has a 50 day moving average of $11.52 and a 200 day moving average of $11.45.

NMI Holdings (NASDAQ:NMIH) last released its quarterly earnings data on Tuesday, August 1st. The financial services provider reported $0.10 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.10. NMI Holdings had a return on equity of 5.95% and a net margin of 52.34%. The business had revenue of $42.20 million for the quarter, compared to the consensus estimate of $41.13 million. During the same quarter in the previous year, the company posted $0.03 EPS. The company’s revenue was up 43.1% compared to the same quarter last year. On average, equities research analysts expect that NMI Holdings Inc will post $0.51 EPS for the current year.

In other news, EVP William J. Leatherberry acquired 5,000 shares of NMI Holdings stock in a transaction on Tuesday, August 29th. The shares were acquired at an average price of $10.65 per share, with a total value of $53,250.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Bradley M. Shuster sold 89,227 shares of NMI Holdings stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $11.81, for a total value of $1,053,770.87. The disclosure for this sale can be found here. In the last ninety days, insiders sold 149,227 shares of company stock worth $1,760,571. Corporate insiders own 5.40% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the business. Hancock Holding Co. increased its stake in NMI Holdings by 4.3% in the 2nd quarter. Hancock Holding Co. now owns 17,365 shares of the financial services provider’s stock worth $199,000 after acquiring an additional 715 shares during the last quarter. Nisa Investment Advisors LLC increased its stake in NMI Holdings by 9.1% in the 2nd quarter. Nisa Investment Advisors LLC now owns 9,580 shares of the financial services provider’s stock worth $101,000 after acquiring an additional 800 shares during the last quarter. Legal & General Group Plc increased its stake in NMI Holdings by 8.8% in the 2nd quarter. Legal & General Group Plc now owns 13,003 shares of the financial services provider’s stock worth $149,000 after acquiring an additional 1,047 shares during the last quarter. Falcon Point Capital LLC increased its stake in NMI Holdings by 0.5% in the 2nd quarter. Falcon Point Capital LLC now owns 204,271 shares of the financial services provider’s stock worth $2,339,000 after acquiring an additional 1,055 shares during the last quarter. Finally, Alpine Woods Capital Investors LLC increased its stake in 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 during the last quarter. 84.86% of the stock is currently owned by institutional investors and hedge funds.

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NMI Holdings Company Profile

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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