NMI Holdings Inc (NASDAQ:NMIH) – B. Riley issued their Q4 2017 earnings estimates for NMI in a research report issued on Monday. B. Riley analyst R. Binner forecasts that the financial services provider will post earnings of $0.17 per share for the quarter. B. Riley has a “Buy” rating on the stock.
Other equities research analysts also recently issued research reports about the company. BidaskClub upgraded NMI from a “sell” rating to a “hold” rating in a report on Wednesday, August 9th. Zacks Investment Research raised NMI from a “sell” rating to a “hold” rating in a research report on Thursday, August 10th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $13.00 price target on shares of NMI in a research report on Thursday, August 31st. ValuEngine raised NMI from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Finally, Compass Point reissued a “neutral” rating and set a $13.00 price objective on shares of NMI in a report on Saturday, October 14th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. NMI presently has a consensus rating of “Buy” and an average price target of $15.93.
Shares of NMI (NASDAQ NMIH) opened at $17.35 on Wednesday. The company has a market capitalization of $1,038.57, a P/E ratio of 30.35 and a beta of 0.84. NMI has a 1-year low of $9.25 and a 1-year high of $17.95. 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 (NASDAQ:NMIH) last issued its earnings results on Wednesday, November 1st. The financial services provider reported $0.20 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.06. The business had revenue of $48.95 million during the quarter, compared to the consensus estimate of $45.79 million. NMI had a return on equity of 6.95% and a net margin of 51.80%. The firm’s revenue for the quarter was up 37.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.10 earnings per share.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. GSA Capital Partners LLP increased its position in NMI by 34.7% during the 3rd quarter. GSA Capital Partners LLP now owns 173,486 shares of the financial services provider’s stock valued at $2,151,000 after buying an additional 44,674 shares in the last quarter. Algert Global LLC bought a new position in NMI during the 3rd quarter valued at approximately $179,000. Sterling Capital Management LLC increased its position in NMI by 31.8% during the 3rd quarter. Sterling Capital Management LLC now owns 33,100 shares of the financial services provider’s stock valued at $410,000 after buying an additional 7,987 shares in the last quarter. California Public Employees Retirement System increased its position in NMI by 26.8% during the 3rd quarter. California Public Employees Retirement System now owns 43,606 shares of the financial services provider’s stock valued at $541,000 after buying an additional 9,206 shares in the last quarter. Finally, Royce & Associates LP increased its holdings in shares of NMI by 21.6% in the 3rd quarter. Royce & Associates LP now owns 299,751 shares of the financial services provider’s stock worth $3,717,000 after purchasing an additional 53,270 shares in the last quarter. Institutional investors and hedge funds own 83.57% of the company’s stock.
In other NMI news, COO Claudia J. Merkle sold 15,000 shares of the stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $17.80, for a total value of $267,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Julie Norberg sold 16,600 shares of the stock in a transaction that occurred on Thursday, November 2nd. The stock was 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. In the last quarter, insiders sold 41,600 shares of company stock valued at $714,618. Company insiders own 5.40% of the company’s stock.
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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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