NMI Holdings Inc (NASDAQ:NMIH) – Stock analysts at B. Riley reduced their FY2018 earnings per share estimates for shares of NMI in a report issued on Monday. B. Riley analyst R. Binner now anticipates that the financial services provider will post earnings of $1.00 per share for the year, down from their previous estimate of $1.05. B. Riley currently has a “Buy” rating on the stock. B. Riley also issued estimates for NMI’s FY2019 earnings at $1.35 EPS.

A number of other equities research analysts also recently issued reports on NMIH. BidaskClub raised shares of NMI from a “sell” rating to a “hold” rating in a report on Wednesday, August 9th. Zacks Investment Research raised shares of NMI from a “sell” rating to a “hold” rating in a report on Thursday, August 10th. ValuEngine downgraded shares of NMI from a “buy” rating to a “hold” rating in a report on Monday. Compass Point downgraded shares of NMI from a “buy” rating to a “neutral” rating and set a $13.00 price target on the stock. in a report on Tuesday, August 8th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $13.00 price target on shares of NMI in a report on Thursday, August 31st. One equities research 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. The company has an average rating of “Buy” and a consensus target price of $15.93.

NMI (NASDAQ NMIH) traded up $0.55 during midday trading on Tuesday, reaching $17.70. 1,361,600 shares of the company’s stock traded hands, compared to its average volume of 550,404. The stock has a market capitalization of $1,029.57, a P/E ratio of 30.09 and a beta of 0.84. NMI has a 1-year low of $8.75 and a 1-year high of $17.95. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.24 and a current ratio of 0.24.

NMI (NASDAQ:NMIH) last posted its earnings results on Wednesday, November 1st. The financial services provider reported $0.20 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.06. The firm had revenue of $48.95 million during the quarter, compared to analyst estimates of $45.79 million. NMI had a net margin of 51.80% and a return on equity of 6.95%. The business’s revenue was up 37.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.10 EPS.

Several hedge funds have recently bought and sold shares of the stock. Nisa Investment Advisors LLC grew its position in NMI by 9.1% during the second quarter. Nisa Investment Advisors LLC now owns 9,580 shares of the financial services provider’s stock valued at $101,000 after acquiring an additional 800 shares during the last quarter. Macquarie Group Ltd. bought a new position in NMI during the third quarter valued at approximately $113,000. Citadel Advisors LLC bought a new position in NMI during the third quarter valued at approximately $141,000. Legal & General Group Plc grew its position in NMI by 8.8% during the second quarter. Legal & General Group Plc now owns 13,003 shares of the financial services provider’s stock valued at $149,000 after acquiring an additional 1,047 shares during the last quarter. Finally, SG Americas Securities LLC bought a new position in NMI during the third quarter valued at approximately $156,000. Institutional investors own 83.57% of the company’s stock.

In related news, VP Julie Norberg sold 16,600 shares of the company’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $16.73, for a total value of $277,718.00. Following the transaction, the vice president now directly owns 32,305 shares in the company, valued at $540,462.65. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Patrick L. Mathis sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $16.99, for a total transaction of $169,900.00. The disclosure for this sale can be found here. 5.40% of the stock is currently owned by corporate insiders.

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About NMI

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 (NASDAQ:NMIH)

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