NMI Holdings Inc (NASDAQ:NMIH) – SunTrust Banks lowered their Q3 2020 EPS estimates for shares of NMI in a research note issued on Tuesday, February 11th. SunTrust Banks analyst M. Hughes now forecasts that the financial services provider will post earnings of $0.79 per share for the quarter, down from their prior estimate of $0.80. SunTrust Banks also issued estimates for NMI’s Q4 2021 earnings at $0.93 EPS and FY2021 earnings at $3.60 EPS.
NMIH has been the subject of several other research reports. BidaskClub raised shares of NMI from a “hold” rating to a “buy” rating in a report on Tuesday. ValuEngine raised shares of NMI from a “strong sell” rating to a “sell” rating in a report on Tuesday. Credit Suisse Group reissued a “hold” rating and set a $33.00 target price on shares of NMI in a report on Sunday, November 24th. Susquehanna Bancshares reissued a “neutral” rating and set a $36.00 target price (down previously from $37.00) on shares of NMI in a report on Wednesday. Finally, Zacks Investment Research raised shares of NMI from a “hold” rating to a “buy” rating and set a $37.00 price objective for the company in a report on Friday, January 17th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $36.81.
Shares of NMI stock opened at $29.65 on Thursday. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.48 and a quick ratio of 0.48. The firm has a fifty day moving average price of $32.70 and a 200 day moving average price of $30.33. NMI has a 1 year low of $23.00 and a 1 year high of $35.79. The stock has a market cap of $2.02 billion, a PE ratio of 13.54 and a beta of 1.22.
NMI (NASDAQ:NMIH) last issued its earnings results on Tuesday, February 11th. The financial services provider reported $0.75 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.70 by $0.05. NMI had a net margin of 44.92% and a return on equity of 20.63%. The firm had revenue of $104.90 million during the quarter, compared to analysts’ expectations of $104.11 million.
In other NMI news, Director Michael J. Embler sold 10,000 shares of NMI stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $33.38, for a total value of $333,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP William J. Leatherberry sold 7,674 shares of NMI stock in a transaction on Monday, November 25th. The shares were sold at an average price of $33.49, for a total transaction of $257,002.26. The disclosure for this sale can be found here. Insiders sold 225,371 shares of company stock valued at $7,381,063 in the last ninety days. 4.20% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Comerica Bank grew its position in shares of NMI by 0.5% in the fourth quarter. Comerica Bank now owns 63,930 shares of the financial services provider’s stock valued at $2,085,000 after purchasing an additional 300 shares during the period. Texas Permanent School Fund grew its position in shares of NMI by 0.8% in the fourth quarter. Texas Permanent School Fund now owns 46,500 shares of the financial services provider’s stock valued at $1,543,000 after purchasing an additional 375 shares during the period. Municipal Employees Retirement System of Michigan grew its position in shares of NMI by 2.0% in the fourth quarter. Municipal Employees Retirement System of Michigan now owns 20,740 shares of the financial services provider’s stock valued at $688,000 after purchasing an additional 400 shares during the period. Envestnet Asset Management Inc. grew its position in shares of NMI by 5.3% in the fourth quarter. Envestnet Asset Management Inc. now owns 8,547 shares of the financial services provider’s stock valued at $284,000 after purchasing an additional 429 shares during the period. Finally, Mason Street Advisors LLC grew its position in shares of NMI by 2.1% in the third quarter. Mason Street Advisors LLC now owns 23,011 shares of the financial services provider’s stock valued at $604,000 after purchasing an additional 468 shares during the period. 90.33% of the stock is owned by institutional investors.
NMI Holdings, Inc, through its subsidiaries, provides private mortgage guaranty insurance services in the United States. The company offers mortgage insurance; reinsurance on loans; 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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