NMI (NASDAQ:NMIH – Get Free Report) posted its earnings results on Wednesday. The financial services provider reported $1.15 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.05, reports. NMI had a return on equity of 18.30% and a net margin of 56.20%. The company had revenue of $166.09 million for the quarter, compared to the consensus estimate of $164.59 million.
NMI Stock Down 0.4 %
NASDAQ NMIH traded down $0.15 on Friday, hitting $37.10. 560,758 shares of the stock traded hands, compared to its average volume of 445,410. The stock has a 50-day moving average of $40.20 and a 200 day moving average of $36.80. NMI has a twelve month low of $27.00 and a twelve month high of $42.49. The company has a market capitalization of $2.96 billion, a P/E ratio of 8.49, a price-to-earnings-growth ratio of 0.89 and a beta of 1.13. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.20.
Insider Buying and Selling at NMI
In other news, insider William J. Leatherberry sold 3,000 shares of the firm’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $40.07, for a total transaction of $120,210.00. Following the completion of the sale, the insider now directly owns 153,689 shares of the company’s stock, valued at $6,158,318.23. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 2.70% of the stock is currently owned by corporate insiders.
Institutional Trading of NMI
Wall Street Analysts Forecast Growth
A number of equities analysts have recently weighed in on NMIH shares. Barclays boosted their price target on NMI from $43.00 to $48.00 and gave the stock an “overweight” rating in a report on Tuesday, October 8th. Keefe, Bruyette & Woods boosted their price target on NMI from $37.00 to $40.00 and gave the stock a “market perform” rating in a report on Thursday, August 1st. Truist Financial upped their target price on NMI from $37.00 to $47.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Royal Bank of Canada dropped their target price on NMI from $48.00 to $47.00 and set an “outperform” rating for the company in a research note on Thursday. Finally, StockNews.com lowered NMI from a “buy” rating to a “hold” rating in a research note on Wednesday, August 21st. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $43.29.
NMI Company Profile
NMI Holdings, Inc provides private mortgage guaranty insurance services in the United States. The company offers mortgage insurance services, such as primary and pool insurance; 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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