NMI Holdings Inc (NASDAQ:NMIH) EVP William J. Leatherberry sold 25,000 shares of NMI stock in a transaction on Friday, August 24th. The shares were sold at an average price of $22.26, for a total transaction of $556,500.00. Following the sale, the executive vice president now directly owns 172,374 shares of the company’s stock, valued at approximately $3,837,045.24. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

NMIH stock opened at $21.35 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.27 and a quick ratio of 0.27. NMI Holdings Inc has a 1 year low of $10.10 and a 1 year high of $22.80. The firm has a market capitalization of $1.40 billion, a P/E ratio of 18.41 and a beta of 1.12.

NMI (NASDAQ:NMIH) last released its quarterly earnings data on Wednesday, August 1st. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.05. NMI had a net margin of 25.23% and a return on equity of 13.46%. The business had revenue of $67.45 million during the quarter. equities analysts forecast that NMI Holdings Inc will post 1.55 earnings per share for the current year.

Hedge funds have recently added to or reduced their stakes in the stock. Glen Harbor Capital Management LLC lifted its stake in shares of NMI by 70.0% in the 2nd quarter. Glen Harbor Capital Management LLC now owns 6,358 shares of the financial services provider’s stock valued at $104,000 after purchasing an additional 2,618 shares during the last quarter. Quantbot Technologies LP acquired a new stake in shares of NMI in the 1st quarter valued at $126,000. Itau Unibanco Holding S.A. acquired a new stake in shares of NMI in the 2nd quarter valued at $129,000. Kessler Investment Group LLC acquired a new stake in shares of NMI in the 2nd quarter valued at $133,000. Finally, Nisa Investment Advisors LLC acquired a new stake in shares of NMI in the 2nd quarter valued at $144,000. 90.51% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts have issued reports on the stock. BidaskClub lowered shares of NMI from a “strong-buy” rating to a “buy” rating in a research note on Thursday. Susquehanna Bancshares lifted their target price on shares of NMI from $21.00 to $24.00 and gave the company a “buy” rating in a research note on Thursday, August 2nd. Zacks Investment Research lowered shares of NMI from a “hold” rating to a “sell” rating in a research note on Wednesday, July 11th. TheStreet raised shares of NMI from a “c+” rating to a “b” rating in a research note on Monday, May 14th. Finally, Keefe, Bruyette & Woods lowered shares of NMI from an “outperform” rating to a “market perform” rating and set a $23.50 target price for the company. in a research note on Monday, August 6th. One research analyst has rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $22.28.

About NMI

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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