NMI (NMIH) Scheduled to Post Earnings on Wednesday

NMI (NASDAQ:NMIHGet Free Report) is set to announce its earnings results after the market closes on Wednesday, February 14th. Analysts expect the company to announce earnings of $0.95 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

NMI Trading Up 0.8 %

NASDAQ NMIH opened at $30.42 on Tuesday. The firm has a market cap of $2.47 billion, a P/E ratio of 8.24, a P/E/G ratio of 0.71 and a beta of 1.10. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.97 and a quick ratio of 0.97. The stock’s 50-day moving average is $29.73 and its 200-day moving average is $28.57. NMI has a one year low of $20.61 and a one year high of $32.50.

Insider Transactions at NMI

In related news, Chairman Bradley M. Shuster sold 136,650 shares of the business’s stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $29.76, for a total value of $4,066,704.00. Following the completion of the sale, the chairman now directly owns 426,963 shares in the company, valued at approximately $12,706,418.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other NMI news, Chairman Bradley M. Shuster sold 136,650 shares of NMI stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $29.76, for a total value of $4,066,704.00. Following the completion of the transaction, the chairman now directly owns 426,963 shares of the company’s stock, valued at approximately $12,706,418.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Bradley M. Shuster sold 171,418 shares of NMI stock in a transaction on Tuesday, December 26th. The shares were sold at an average price of $30.11, for a total value of $5,161,395.98. Following the completion of the transaction, the chairman now directly owns 426,963 shares of the company’s stock, valued at $12,855,855.93. The disclosure for this sale can be found here. In the last three months, insiders sold 332,750 shares of company stock worth $9,974,910. 2.70% of the stock is owned by company insiders.

Hedge Funds Weigh In On NMI

A number of institutional investors have recently modified their holdings of NMIH. Quarry LP acquired a new position in NMI in the 2nd quarter worth about $34,000. Point72 Hong Kong Ltd acquired a new position in NMI in the 1st quarter worth about $33,000. Point72 Asset Management L.P. acquired a new position in NMI in the 2nd quarter worth about $48,000. Public Employees Retirement System of Ohio increased its holdings in NMI by 45.2% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 2,013 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 627 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its position in shares of NMI by 160.1% in the 1st quarter. Tower Research Capital LLC TRC now owns 2,034 shares of the financial services provider’s stock valued at $45,000 after buying an additional 1,252 shares during the last quarter. Institutional investors and hedge funds own 94.12% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on NMIH shares. Barclays assumed coverage on NMI in a research report on Wednesday, November 15th. They set an “overweight” rating and a $37.00 price target on the stock. StockNews.com raised NMI from a “hold” rating to a “buy” rating in a research report on Wednesday, January 17th. JPMorgan Chase & Co. lifted their target price on NMI from $32.00 to $33.00 and gave the company an “overweight” rating in a research report on Thursday, November 2nd. UBS Group assumed coverage on NMI in a research report on Wednesday, December 6th. They issued a “buy” rating and a $36.00 target price on the stock. Finally, Bank of America assumed coverage on NMI in a research report on Tuesday, October 17th. They issued a “buy” rating and a $33.00 target price on the stock. Seven research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $33.86.

Get Our Latest Research Report on NMIH

NMI Company Profile

(Get Free Report)

NMI Holdings, Inc provides private mortgage guaranty insurance services in the United States. The company offers mortgage insurance services, such as primary and pool insurance; and outsourced loan review services to mortgage loan originators. It serves national and regional mortgage banks, money center banks, credit unions, community banks, builder-owned mortgage lenders, internet-sourced lenders, and other non-bank lenders.

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Earnings History for NMI (NASDAQ:NMIH)

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