Somewhat Favorable Press Coverage Somewhat Unlikely to Affect NMI Holdings (NMIH) Share Price
Press coverage about NMI Holdings (NASDAQ:NMIH) has trended somewhat positive on Tuesday, according to Accern. Accern rates the sentiment of news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. NMI Holdings earned a news impact score of 0.19 on Accern’s scale. Accern also assigned media stories about the financial services provider an impact score of 45.3441177982577 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
NMI Holdings (NASDAQ:NMIH) traded up 2.82% during midday trading on Tuesday, hitting $10.95. The stock had a trading volume of 17,992 shares. NMI Holdings has a 1-year low of $7.12 and a 1-year high of $12.70. The stock’s 50-day moving average is $11.43 and its 200-day moving average is $11.34. The stock has a market capitalization of $655.49 million, a PE ratio of 8.71 and a beta of 0.65.
NMI Holdings (NASDAQ:NMIH) last released its quarterly earnings data on Tuesday, August 1st. The financial services provider reported $0.10 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.10. The firm had revenue of $42.20 million during the quarter, compared to the consensus estimate of $41.13 million. NMI Holdings had a return on equity of 5.95% and a net margin of 52.34%. The company’s quarterly revenue was up 43.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.03 earnings per share. On average, equities research analysts anticipate that NMI Holdings will post $0.52 EPS for the current fiscal year.
Several equities analysts recently issued reports on the company. Keefe, Bruyette & Woods upgraded NMI Holdings from a “market perform” rating to an “outperform” rating in a research report on Tuesday, September 5th. ValuEngine upgraded NMI Holdings from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. BidaskClub lowered NMI Holdings from a “hold” rating to a “sell” rating in a research report on Tuesday, August 15th. Zacks Investment Research upgraded NMI Holdings from a “sell” rating to a “hold” rating in a research report on Thursday, August 10th. Finally, Compass Point lowered NMI Holdings from a “buy” rating to a “neutral” rating and set a $13.00 price objective for the company. in a research report on Tuesday, August 8th. One analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $12.67.
In related news, EVP William J. Leatherberry bought 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 29th. The shares were bought at an average price of $10.65 per share, with a total value of $53,250.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Bradley M. Shuster sold 89,227 shares of NMI Holdings stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $11.81, for a total value of $1,053,770.87. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 149,227 shares of company stock worth $1,760,571. 5.40% of the stock is owned by insiders.
About NMI Holdings
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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