NMI Holdings Inc. (NMIH) Trading Up 1.8%
NMI Holdings Inc. (NASDAQ:NMIH)’s share price was up 1.8% on Friday . The company traded as high as $8.03 and last traded at $8.00, with a volume of 304,400 shares. The stock had previously closed at $7.86.
A number of equities analysts recently weighed in on NMIH shares. BTIG Research reissued a “buy” rating and set a $10.00 target price on shares of NMI Holdings in a research note on Thursday, May 19th. Zacks Investment Research raised shares of NMI Holdings from a “hold” rating to a “strong-buy” rating and set a $8.00 target price for the company in a research note on Saturday, August 6th. FBR & Co reissued a “buy” rating on shares of NMI Holdings in a research note on Tuesday, May 10th. TheStreet raised shares of NMI Holdings from a “sell” rating to a “hold” rating in a research note on Friday, August 12th. Finally, Keefe, Bruyette & Woods set a $8.50 target price on shares of NMI Holdings and gave the stock a “buy” rating in a research note on Wednesday, August 3rd. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $9.40.
The company’s market capitalization is $479.53 million. The firm’s 50 day moving average is $6.56 and its 200-day moving average is $5.72.
NMI Holdings (NASDAQ:NMIH) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported $0.03 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.04. The business earned $29.50 million during the quarter, compared to analysts’ expectations of $24.79 million. On average, analysts predict that NMI Holdings Inc. will post $0.15 EPS for the current year.
In other news, Director James Ozanne purchased 5,000 shares of the company’s stock in a transaction on Wednesday, August 3rd. The stock was acquired at an average price of $6.78 per share, with a total value of $33,900.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP William J. Leatherberry purchased 7,000 shares of the company’s stock in a transaction on Thursday, June 16th. The shares were purchased at an average cost of $5.34 per share, with a total value of $37,380.00. Following the transaction, the executive vice president now directly owns 134,725 shares in the company, valued at $719,431.50. The disclosure for this purchase can be found here.
A hedge fund recently raised its stake in NMI Holdings stock. Dimensional Fund Advisors LP boosted its stake in shares of NMI Holdings Inc. (NASDAQ:NMIH) by 62.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 612,183 shares of the company’s stock after buying an additional 235,069 shares during the period. Dimensional Fund Advisors LP owned approximately 1.04% of NMI Holdings worth $4,144,000 as of its most recent filing with the SEC.
NMI Holdings, Inc (NMIH) provides private mortgage guaranty insurance (MI) through its insurance subsidiaries. The Company’s insurance subsidiary, National Mortgage Insurance Corporation (NMIC), is an MI provider on loans purchased by Fannie Mae and Freddie Mac (collectively the Government-sponsored enterprises(GSEs)).
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