NMI Holdings Inc (NASDAQ:NMIH) – Research analysts at SunTrust Banks boosted their FY2019 EPS estimates for NMI in a report released on Wednesday, November 6th. SunTrust Banks analyst M. Hughes now expects that the financial services provider will earn $2.55 per share for the year, up from their prior forecast of $2.36. SunTrust Banks also issued estimates for NMI’s Q4 2019 earnings at $0.69 EPS, Q2 2020 earnings at $0.76 EPS, Q3 2020 earnings at $0.80 EPS, Q4 2020 earnings at $0.83 EPS and FY2020 earnings at $3.15 EPS.

Several other analysts also recently issued reports on NMIH. B. Riley raised shares of NMI from a “neutral” rating to a “buy” rating and increased their price objective for the company from $30.00 to $34.00 in a research report on Tuesday, October 15th. Credit Suisse Group initiated coverage on shares of NMI in a research report on Thursday, October 10th. They issued a “neutral” rating and a $30.00 price objective for the company. BidaskClub downgraded shares of NMI from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 7th. Zelman & Associates raised shares of NMI from a “hold” rating to a “buy” rating in a research report on Friday, August 2nd. Finally, BTIG Research set a $36.00 price objective on shares of NMI and gave the company a “buy” rating in a research report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $31.38.

NMIH opened at $32.91 on Friday. The firm has a 50 day moving average price of $28.22 and a 200 day moving average price of $27.84. The company has a market cap of $1.99 billion, a PE ratio of 19.83 and a beta of 1.25. NMI has a 1 year low of $15.62 and a 1 year high of $33.54. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.43 and a current ratio of 0.43.

NMI (NASDAQ:NMIH) last posted its earnings results on Wednesday, November 6th. The financial services provider reported $0.71 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.09. The firm had revenue of $101.59 million during the quarter, compared to the consensus estimate of $94.67 million. NMI had a net margin of 41.31% and a return on equity of 19.65%.

A number of large investors have recently modified their holdings of NMIH. Aperio Group LLC grew its position in shares of NMI by 4.7% during the second quarter. Aperio Group LLC now owns 27,286 shares of the financial services provider’s stock worth $775,000 after buying an additional 1,233 shares in the last quarter. APG Asset Management N.V. grew its position in shares of NMI by 45.2% during the second quarter. APG Asset Management N.V. now owns 644,100 shares of the financial services provider’s stock worth $16,057,000 after buying an additional 200,400 shares in the last quarter. Centaurus Financial Inc. acquired a new stake in shares of NMI during the first quarter worth approximately $38,000. Louisiana State Employees Retirement System grew its position in shares of NMI by 1.6% during the second quarter. Louisiana State Employees Retirement System now owns 25,200 shares of the financial services provider’s stock worth $733,000 after buying an additional 400 shares in the last quarter. Finally, Wells Fargo & Company MN grew its position in shares of NMI by 31.1% during the second quarter. Wells Fargo & Company MN now owns 196,884 shares of the financial services provider’s stock worth $5,590,000 after buying an additional 46,761 shares in the last quarter. 90.61% of the stock is owned by institutional investors.

In other NMI news, Chairman Bradley M. Shuster sold 2,643 shares of the stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $27.00, for a total value of $71,361.00. Following the completion of the sale, the chairman now owns 494,945 shares of the company’s stock, valued at $13,363,515. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Bradley M. Shuster sold 38,125 shares of the stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $28.01, for a total transaction of $1,067,881.25. Following the completion of the sale, the insider now directly owns 604,420 shares of the company’s stock, valued at approximately $16,929,804.20. The disclosure for this sale can be found here. Insiders sold 200,693 shares of company stock valued at $5,669,366 in the last ninety days. 4.20% of the stock is owned by corporate insiders.

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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Earnings History and Estimates for NMI (NASDAQ:NMIH)

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