NMI (NMIH) Scheduled to Post Earnings on Wednesday

NMI (NASDAQ:NMIHGet Free Report) is scheduled to be releasing its earnings data after the market closes on Wednesday, February 14th. Analysts expect NMI to post earnings of $0.95 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

NMI Stock Performance

Shares of NMIH opened at $30.42 on Tuesday. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.22. The business’s 50 day moving average price is $29.73 and its 200-day moving average price is $28.57. NMI has a 52 week low of $20.61 and a 52 week high of $32.50. The stock has a market cap of $2.47 billion, a P/E ratio of 8.24, a P/E/G ratio of 0.71 and a beta of 1.10.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on NMIH. UBS Group began coverage on NMI in a research report on Wednesday, December 6th. They issued a “buy” rating and a $36.00 price target on the stock. Bank of America began coverage on NMI in a research report on Tuesday, October 17th. They issued a “buy” rating and a $33.00 price target on the stock. StockNews.com upgraded shares of NMI from a “hold” rating to a “buy” rating in a report on Wednesday, January 17th. JPMorgan Chase & Co. boosted their price objective on shares of NMI from $32.00 to $33.00 and gave the stock an “overweight” rating in a report on Thursday, November 2nd. Finally, Barclays began coverage on shares of NMI in a report on Wednesday, November 15th. They issued an “overweight” rating and a $37.00 price objective for the company. Seven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, NMI presently has an average rating of “Buy” and an average target price of $33.86.

Check Out Our Latest Stock Analysis on NMI

Insider Buying and Selling

In other NMI news, Chairman Bradley M. Shuster sold 171,418 shares of the business’s stock in a transaction on Tuesday, December 26th. The shares were sold at an average price of $30.11, for a total transaction of $5,161,395.98. Following the completion of the sale, the chairman now directly owns 426,963 shares in the company, valued at approximately $12,855,855.93. The sale was disclosed in a document filed with the SEC, which is available through this link. In other NMI news, Chairman Bradley M. Shuster sold 171,418 shares of the business’s stock in a transaction on Tuesday, December 26th. The shares were sold at an average price of $30.11, for a total transaction of $5,161,395.98. Following the completion of the sale, the chairman now directly owns 426,963 shares in the company, valued at approximately $12,855,855.93. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director James G. Jones sold 5,287 shares of the business’s stock in a transaction on Friday, December 22nd. The shares were sold at an average price of $30.15, for a total transaction of $159,403.05. Following the sale, the director now owns 112,541 shares of the company’s stock, valued at $3,393,111.15. The disclosure for this sale can be found here. Insiders sold a total of 332,750 shares of company stock worth $9,974,910 in the last three months. Insiders own 2.70% of the company’s stock.

Institutional Investors Weigh In On NMI

Hedge funds have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. increased its stake in shares of NMI by 15.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 5,738 shares of the financial services provider’s stock worth $118,000 after purchasing an additional 774 shares in the last quarter. Lazard Asset Management LLC increased its stake in shares of NMI by 18.1% in the 4th quarter. Lazard Asset Management LLC now owns 5,092 shares of the financial services provider’s stock worth $106,000 after purchasing an additional 780 shares in the last quarter. Point72 Hong Kong Ltd increased its stake in shares of NMI by 211.1% in the 2nd quarter. Point72 Hong Kong Ltd now owns 4,959 shares of the financial services provider’s stock worth $83,000 after purchasing an additional 3,365 shares in the last quarter. Advisor Group Holdings Inc. increased its stake in shares of NMI by 20.2% in the 4th quarter. Advisor Group Holdings Inc. now owns 3,665 shares of the financial services provider’s stock worth $77,000 after purchasing an additional 617 shares in the last quarter. Finally, Captrust Financial Advisors increased its stake in shares of NMI by 136.6% in the 1st quarter. Captrust Financial Advisors now owns 3,175 shares of the financial services provider’s stock worth $65,000 after purchasing an additional 1,833 shares in the last quarter. 94.12% of the stock is currently owned by hedge funds and other institutional investors.

About NMI

(Get Free Report)

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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Earnings History for NMI (NASDAQ:NMIH)

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