NMI Holdings Inc (NMIH) CEO Bradley M. Shuster Sells 30,000 Shares of Stock
NMI Holdings Inc (NASDAQ:NMIH) CEO Bradley M. Shuster sold 30,000 shares of the company’s stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $11.77, for a total transaction of $353,100.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Bradley M. Shuster also recently made the following trade(s):
- On Wednesday, August 2nd, Bradley M. Shuster sold 30,000 shares of NMI Holdings stock. The stock was sold at an average price of $11.79, for a total transaction of $353,700.00.
- On Friday, August 4th, Bradley M. Shuster sold 89,227 shares of NMI Holdings stock. The stock was sold at an average price of $11.81, for a total transaction of $1,053,770.87.
NMI Holdings Inc (NASDAQ NMIH) traded up 2.13% on Friday, reaching $12.00. 410,245 shares of the company’s stock traded hands. The firm has a market capitalization of $718.34 million, a P/E ratio of 9.55 and a beta of 0.64. NMI Holdings Inc has a 52 week low of $6.42 and a 52 week high of $12.55. The stock has a 50-day moving average of $11.50 and a 200 day moving average of $11.25.
NMI Holdings (NASDAQ:NMIH) last posted its quarterly earnings results on Tuesday, August 1st. The financial services provider reported $0.10 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.10. NMI Holdings had a net margin of 52.34% and a return on equity of 5.95%. The firm had revenue of $42.20 million for the quarter, compared to analyst estimates of $41.13 million. During the same quarter last year, the firm posted $0.03 earnings per share. NMI Holdings’s revenue for the quarter was up 43.1% compared to the same quarter last year. On average, equities analysts expect that NMI Holdings Inc will post $0.56 EPS for the current fiscal year.
ILLEGAL ACTIVITY NOTICE: “NMI Holdings Inc (NMIH) CEO Bradley M. Shuster Sells 30,000 Shares of Stock” was originally posted by Daily Political and is the sole property of of Daily Political. If you are viewing this piece of content on another website, it was stolen and republished in violation of U.S. and international trademark and copyright law. The original version of this piece of content can be viewed at https://www.dailypolitical.com/2017/08/05/nmi-holdings-inc-nmih-ceo-bradley-m-shuster-sells-30000-shares-of-stock.html.
NMIH has been the topic of several recent research reports. Deutsche Bank AG initiated coverage on shares of NMI Holdings in a research note on Wednesday, July 5th. They set a “buy” rating and a $14.50 target price on the stock. Zacks Investment Research downgraded shares of NMI Holdings from a “hold” rating to a “sell” rating in a research note on Tuesday, May 9th. Keefe, Bruyette & Woods downgraded shares of NMI Holdings from an “outperform” rating to a “market perform” rating and set a $13.00 target price on the stock. in a research note on Monday, July 17th. Finally, BidaskClub downgraded shares of NMI Holdings from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. NMI Holdings currently has a consensus rating of “Hold” and an average price target of $12.60.
A number of hedge funds and other institutional investors have recently bought and sold shares of NMIH. Nisa Investment Advisors LLC raised its position in NMI Holdings by 9.1% in the second quarter. Nisa Investment Advisors LLC now owns 9,580 shares of the financial services provider’s stock valued at $101,000 after buying an additional 800 shares during the last quarter. Two Sigma Securities LLC acquired a new position in NMI Holdings during the first quarter valued at approximately $131,000. Legal & General Group Plc raised its stake in NMI Holdings by 8.8% in the second quarter. Legal & General Group Plc now owns 13,003 shares of the financial services provider’s stock worth $149,000 after buying an additional 1,047 shares in the last quarter. Campbell & CO Investment Adviser LLC raised its stake in NMI Holdings by 54.1% in the second quarter. Campbell & CO Investment Adviser LLC now owns 17,869 shares of the financial services provider’s stock worth $205,000 after buying an additional 6,272 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC purchased a new stake in NMI Holdings during the first quarter worth about $223,000. Hedge funds and other institutional investors own 80.98% of the company’s stock.
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).
Receive News & Ratings for NMI Holdings Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NMI Holdings Inc and related companies with MarketBeat.com's FREE daily email newsletter.