NMI Holdings Inc (NASDAQ:NMIH) EVP Patrick L. Mathis sold 10,000 shares of the firm’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $16.99, for a total value of $169,900.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

NMI Holdings Inc (NASDAQ:NMIH) traded up $0.20 during trading on Thursday, hitting $17.05. The company had a trading volume of 804,321 shares, compared to its average volume of 547,201. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.24 and a current ratio of 0.24. The firm has a market capitalization of $1,020.00, a price-to-earnings ratio of 29.47 and a beta of 0.75. NMI Holdings Inc has a one year low of $8.55 and a one year high of $17.40.

NMI (NASDAQ:NMIH) last posted its quarterly earnings data on Wednesday, November 1st. The financial services provider reported $0.20 EPS for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.06. The company had revenue of $48.95 million for the quarter, compared to analyst estimates of $45.79 million. NMI had a return on equity of 6.95% and a net margin of 51.80%. The firm’s quarterly revenue was up 37.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.10 earnings per share. analysts predict that NMI Holdings Inc will post 0.56 EPS for the current year.

Several research firms recently weighed in on NMIH. BidaskClub raised NMI from a “sell” rating to a “hold” rating in a research note on Wednesday, August 9th. Zacks Investment Research raised NMI from a “sell” rating to a “hold” rating in a research note on Thursday, August 10th. Deutsche Bank lowered NMI from a “buy” rating to a “hold” rating and set a $16.00 price objective on the stock. in a research note on Friday, November 3rd. B. Riley reissued a “buy” rating on shares of NMI in a research note on Monday, November 6th. Finally, ValuEngine raised NMI from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. One analyst has rated the stock with a sell rating, three have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $15.93.

Several institutional investors have recently bought and sold shares of the stock. Capital Research Global Investors increased its holdings in NMI by 72.5% in the second quarter. Capital Research Global Investors now owns 3,481,202 shares of the financial services provider’s stock worth $39,860,000 after purchasing an additional 1,462,624 shares in the last quarter. Wells Fargo & Company MN increased its holdings in NMI by 849.8% in the second quarter. Wells Fargo & Company MN now owns 618,321 shares of the financial services provider’s stock worth $7,081,000 after purchasing an additional 553,221 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in NMI by 22.4% in the second quarter. Dimensional Fund Advisors LP now owns 2,445,052 shares of the financial services provider’s stock worth $27,996,000 after purchasing an additional 446,918 shares in the last quarter. Alliancebernstein L.P. increased its holdings in NMI by 531.7% in the second quarter. Alliancebernstein L.P. now owns 289,320 shares of the financial services provider’s stock worth $3,313,000 after purchasing an additional 243,520 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in NMI by 10.3% in the second quarter. Vanguard Group Inc. now owns 2,569,591 shares of the financial services provider’s stock worth $29,421,000 after purchasing an additional 239,387 shares in the last quarter. 83.50% of the stock is currently owned by institutional investors.

TRADEMARK VIOLATION NOTICE: This article was originally posted by American Banking News and is the property of of American Banking News. If you are reading this article on another domain, it was stolen and republished in violation of United States and international copyright and trademark law. The original version of this article can be read at https://www.americanbankingnews.com/2017/11/30/nmi-holdings-inc-nmih-evp-sells-169900-00-in-stock.html.

NMI 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).

Insider Buying and Selling by Quarter for NMI (NASDAQ:NMIH)

Receive News & Ratings for NMI Holdings Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NMI Holdings Inc and related companies with MarketBeat.com's FREE daily email newsletter.