NMI Holdings Inc (NASDAQ:NMIH) – Research analysts at FBR & Co dropped their Q3 2017 earnings estimates for shares of NMI Holdings in a report issued on Tuesday. FBR & Co analyst R. Binner now anticipates that the financial services provider will post earnings per share of $0.13 for the quarter, down from their prior forecast of $0.14.

A number of other equities analysts have also weighed in on NMIH. BidaskClub upgraded NMI Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, August 9th. Zacks Investment Research upgraded NMI Holdings from a “sell” rating to a “hold” rating in a research note on Thursday, August 10th. ValuEngine lowered NMI Holdings from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Compass Point lowered NMI Holdings from a “buy” rating to a “neutral” rating and set a $13.00 target price on the stock. in a research note on Tuesday, August 8th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $13.00 target price on shares of NMI Holdings in a research note on Thursday, August 31st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company’s stock. NMI Holdings presently has a consensus rating of “Hold” and a consensus price target of $13.20.

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Shares of NMI Holdings (NMIH) opened at 12.25 on Wednesday. NMI Holdings has a 1-year low of $7.49 and a 1-year high of $12.70. The firm has a market capitalization of $733.31 million, a price-to-earnings ratio of 9.75 and a beta of 0.69. The company has a 50-day moving average price of $11.50 and a 200 day moving average price of $11.44.

NMI Holdings (NASDAQ:NMIH) last issued its quarterly earnings results on Tuesday, August 1st. The financial services provider reported $0.10 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.10. The company had revenue of $42.20 million for the quarter, compared to analysts’ expectations of $41.13 million. NMI Holdings had a return on equity of 5.95% and a net margin of 52.34%. NMI Holdings’s revenue was up 43.1% on a year-over-year basis. During the same quarter last year, the business earned $0.03 earnings per share.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Wells Fargo & Company MN increased its position in shares of NMI Holdings by 99.0% during the 1st quarter. Wells Fargo & Company MN now owns 65,100 shares of the financial services provider’s stock valued at $742,000 after purchasing an additional 32,389 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of NMI Holdings by 4.2% during the 1st quarter. Bank of New York Mellon Corp now owns 481,960 shares of the financial services provider’s stock valued at $5,494,000 after purchasing an additional 19,354 shares during the last quarter. American International Group Inc. increased its position in shares of NMI Holdings by 7.1% during the 1st quarter. American International Group Inc. now owns 30,430 shares of the financial services provider’s stock valued at $347,000 after purchasing an additional 2,022 shares during the last quarter. Cornerstone Capital Management Holdings LLC. increased its position in shares of NMI Holdings by 1,532.2% during the 1st quarter. Cornerstone Capital Management Holdings LLC. now owns 86,504 shares of the financial services provider’s stock valued at $985,000 after purchasing an additional 81,204 shares during the last quarter. Finally, Wellington Management Group LLP increased its position in shares of NMI Holdings by 55.3% during the 1st quarter. Wellington Management Group LLP now owns 2,177,377 shares of the financial services provider’s stock valued at $24,822,000 after purchasing an additional 775,534 shares during the last quarter. Institutional investors and hedge funds own 84.86% of the company’s stock.

In other NMI Holdings news, CEO Bradley M. Shuster sold 30,000 shares of the company’s stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $11.79, for a total value of $353,700.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP William J. Leatherberry bought 5,000 shares of the firm’s stock in a transaction on Tuesday, August 29th. The stock was acquired at an average price of $10.65 per share, for a total transaction of $53,250.00. The disclosure for this purchase can be found here. Insiders sold a total of 149,227 shares of company stock worth $1,760,571 over the last 90 days. Corporate insiders own 5.40% of the company’s stock.

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).

Earnings History and Estimates for NMI Holdings (NASDAQ:NMIH)

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