Somewhat Positive Press Coverage Somewhat Unlikely to Impact NMI (NMIH) Share Price
News coverage about NMI (NASDAQ:NMIH) has trended somewhat positive on Saturday, Accern reports. Accern scores the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. NMI earned a news sentiment score of 0.03 on Accern’s scale. Accern also gave news headlines about the financial services provider an impact score of 44.3527873861221 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the news stories that may have impacted Accern’s scoring:
- Insider Selling: NMI Holdings Inc (NMIH) CEO Sells 81,972 Shares of Stock (americanbankingnews.com)
- Claudia J. Merkle Sells 76,000 Shares of NMI Holdings Inc (NMIH) Stock (americanbankingnews.com)
- $0.42 EPS Expected for NMI Holdings Inc (NMIH) This Quarter (americanbankingnews.com)
- Can NMI Holdings Inc (NASDAQ:NMIH) Continue To Outperform Its Industry? (finance.yahoo.com)
- NMI Holdings Inc (NMIH) Given Average Recommendation of “Buy” by Brokerages (americanbankingnews.com)
NMIH has been the topic of several recent analyst reports. Compass Point restated a “buy” rating and issued a $24.00 target price on shares of NMI in a report on Thursday, August 2nd. Zacks Investment Research cut shares of NMI from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 4th. BidaskClub upgraded shares of NMI from a “hold” rating to a “buy” rating in a report on Friday, July 20th. Keefe, Bruyette & Woods cut shares of NMI from an “outperform” rating to a “market perform” rating and set a $23.50 target price on the stock. in a report on Monday, August 6th. Finally, Susquehanna Bancshares raised their target price on shares of NMI from $21.00 to $24.00 and gave the stock a “buy” rating in a report on Thursday, August 2nd. One equities research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $22.28.
NMI (NASDAQ:NMIH) last released its quarterly earnings results on Wednesday, August 1st. The financial services provider reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.05. The business had revenue of $67.45 million for the quarter. NMI had a net margin of 25.23% and a return on equity of 13.46%. analysts expect that NMI will post 1.55 EPS for the current fiscal year.
In related news, EVP William J. Leatherberry sold 15,800 shares of NMI stock in a transaction on Friday, June 22nd. The shares were sold at an average price of $17.07, for a total value of $269,706.00. Following the sale, the executive vice president now owns 147,524 shares in the company, valued at $2,518,234.68. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Bradley M. Shuster sold 81,972 shares of NMI stock in a transaction on Thursday, September 6th. The shares were sold at an average price of $21.24, for a total transaction of $1,741,085.28. Following the completion of the sale, the chief executive officer now owns 643,056 shares in the company, valued at approximately $13,658,509.44. The disclosure for this sale can be found here. In the last quarter, insiders sold 370,836 shares of company stock worth $7,924,017. 5.70% of the stock is currently owned by company insiders.
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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