NMI Holdings Inc (NASDAQ:NMIH) – Research analysts at B. Riley issued their Q2 2018 EPS estimates for NMI in a research note issued to investors on Monday, June 18th. B. Riley analyst R. Binner forecasts that the financial services provider will earn $0.30 per share for the quarter. B. Riley currently has a “Buy” rating and a $23.00 target price on the stock. B. Riley also issued estimates for NMI’s Q3 2018 earnings at $0.36 EPS.
NMI (NASDAQ:NMIH) last posted its quarterly earnings data on Tuesday, May 1st. The financial services provider reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.03. NMI had a return on equity of 10.27% and a net margin of 18.96%. The firm had revenue of $59.55 million during the quarter.
NMIH has been the subject of several other reports. Zacks Investment Research upgraded NMI from a “sell” rating to a “hold” rating in a report on Friday, April 6th. Keefe, Bruyette & Woods restated a “buy” rating and set a $21.00 target price on shares of NMI in a report on Tuesday, April 10th. Susquehanna Bancshares assumed coverage on NMI in a report on Tuesday, February 20th. They set a “positive” rating and a $26.00 target price for the company. ValuEngine upgraded NMI from a “buy” rating to a “strong-buy” rating in a report on Monday, April 2nd. Finally, Compass Point increased their target price on NMI from $16.25 to $17.00 and gave the company a “buy” rating in a report on Wednesday, May 2nd. One analyst has rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $19.67.
Shares of NMIH stock opened at $17.30 on Tuesday. The stock has a market cap of $1.13 billion, a P/E ratio of 30.35 and a beta of 0.96. NMI has a 1-year low of $10.10 and a 1-year high of $21.92. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.68 and a quick ratio of 0.68.
In other NMI news, EVP Patrick L. Mathis sold 21,000 shares of the company’s stock in a transaction that occurred on Thursday, May 3rd. The stock was sold at an average price of $15.77, for a total transaction of $331,170.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Bradley M. Shuster sold 120,000 shares of the company’s stock in a transaction that occurred on Friday, May 25th. The shares were sold at an average price of $17.05, for a total value of $2,046,000.00. Following the transaction, the chief executive officer now directly owns 583,056 shares of the company’s stock, valued at approximately $9,941,104.80. The disclosure for this sale can be found here. Insiders have sold a total of 203,608 shares of company stock valued at $3,444,389 over the last 90 days. 5.70% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Macquarie Group Ltd. raised its position in NMI by 40.4% during the 4th quarter. Macquarie Group Ltd. now owns 12,850 shares of the financial services provider’s stock valued at $218,000 after purchasing an additional 3,700 shares during the last quarter. Swiss National Bank raised its position in NMI by 5.9% during the 1st quarter. Swiss National Bank now owns 93,874 shares of the financial services provider’s stock valued at $1,554,000 after purchasing an additional 5,200 shares during the last quarter. LPL Financial LLC raised its position in NMI by 16.2% during the 1st quarter. LPL Financial LLC now owns 37,445 shares of the financial services provider’s stock valued at $620,000 after purchasing an additional 5,212 shares during the last quarter. Comerica Bank raised its position in NMI by 10.5% during the 1st quarter. Comerica Bank now owns 60,716 shares of the financial services provider’s stock valued at $850,000 after purchasing an additional 5,758 shares during the last quarter. Finally, First Trust Advisors LP raised its position in NMI by 13.8% during the 4th quarter. First Trust Advisors LP now owns 48,202 shares of the financial services provider’s stock valued at $819,000 after purchasing an additional 5,833 shares during the last quarter. 89.08% of the stock is owned by institutional investors and hedge funds.
NMI Holdings, Inc, through its subsidiaries, provides private mortgage guaranty insurance services in the United States. The company offers mortgage insurance; reinsurance on loans; 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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