NMI Holdings Inc (NMIH) EVP William J. Leatherberry Sells 25,000 Shares
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.
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.
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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