NMI Holdings Inc (NASDAQ:NMIH) COO Claudia J. Merkle sold 15,000 shares of NMI stock in a transaction on Monday, December 4th. The shares were sold at an average price of $17.80, for a total transaction of $267,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
NMI Holdings Inc (NASDAQ:NMIH) traded down $0.40 during trading hours on Wednesday, hitting $17.30. 511,300 shares of the company traded hands, compared to its average volume of 550,237. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.24 and a quick ratio of 0.24. The firm has a market cap of $1,062.59, a price-to-earnings ratio of 31.05 and a beta of 0.84. NMI Holdings Inc has a 1-year low of $9.05 and a 1-year high of $17.95.
NMI (NASDAQ:NMIH) last posted its earnings results on Wednesday, November 1st. The financial services provider reported $0.20 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.06. The business had revenue of $48.95 million for 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 quarterly revenue was up 37.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.10 EPS. equities research analysts forecast that NMI Holdings Inc will post 0.56 EPS for the current year.
Several large investors have recently bought and sold shares of NMIH. California Public Employees Retirement System acquired a new position in shares of NMI during the 1st quarter valued at $239,000. Vanguard Group Inc. lifted its holdings in shares of NMI by 8.3% during the 1st quarter. Vanguard Group Inc. now owns 2,330,204 shares of the financial services provider’s stock valued at $26,565,000 after acquiring an additional 179,396 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of NMI by 8.4% during the 1st quarter. Geode Capital Management LLC now owns 450,993 shares of the financial services provider’s stock valued at $5,141,000 after acquiring an additional 35,013 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of NMI by 22.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,998,134 shares of the financial services provider’s stock valued at $22,778,000 after acquiring an additional 360,867 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its holdings in shares of NMI by 14.1% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 230,237 shares of the financial services provider’s stock valued at $2,625,000 after acquiring an additional 28,399 shares in the last quarter. Institutional investors and hedge funds own 83.57% of the company’s stock.
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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).
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