NMI Holdings Inc (NASDAQ:NMIH) Director James G. Jones sold 18,000 shares of the business’s stock in a transaction dated Wednesday, August 22nd. The shares were sold at an average price of $22.14, for a total value of $398,520.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of NASDAQ:NMIH traded up $0.20 during midday trading on Friday, reaching $22.30. The company had a trading volume of 171,487 shares, compared to its average volume of 458,352. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.27 and a current ratio of 0.27. The company has a market cap of $1.46 billion, a P/E ratio of 39.12 and a beta of 1.12. NMI Holdings Inc has a 1-year low of $10.10 and a 1-year high of $22.50.

NMI (NASDAQ:NMIH) last released its earnings results on Wednesday, August 1st. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.05. The business had revenue of $67.45 million for the quarter. NMI had a return on equity of 13.46% and a net margin of 25.23%. equities analysts predict that NMI Holdings Inc will post 1.55 earnings per share for the current fiscal year.

A number of brokerages have recently commented on NMIH. BidaskClub upgraded NMI from a “buy” rating to a “strong-buy” rating in a report on Tuesday, July 31st. Susquehanna Bancshares boosted their price target on NMI from $21.00 to $24.00 and gave the company a “buy” rating in a report on Thursday, August 2nd. Zacks Investment Research upgraded NMI from a “hold” rating to a “strong-buy” rating and set a $19.00 price target on the stock in a report on Tuesday, July 17th. Compass Point restated a “buy” rating and issued a $24.00 price target on shares of NMI in a report on Thursday, August 2nd. Finally, B. Riley lifted their target price on NMI from $20.00 to $26.00 and gave the company a “buy” rating in a research report on Tuesday, August 7th. One research analyst has rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $22.28.

Large investors have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN lifted its stake in shares of NMI by 2.6% in the 1st quarter. Wells Fargo & Company MN now owns 379,769 shares of the financial services provider’s stock valued at $6,285,000 after purchasing an additional 9,590 shares during the period. Rhumbline Advisers raised its position in NMI by 8.4% during the first quarter. Rhumbline Advisers now owns 134,416 shares of the financial services provider’s stock worth $2,225,000 after acquiring an additional 10,450 shares during the period. Comerica Bank raised its position in NMI by 10.5% during the first quarter. Comerica Bank now owns 60,716 shares of the financial services provider’s stock worth $850,000 after acquiring an additional 5,758 shares during the period. SG Americas Securities LLC acquired a new position in NMI during the first quarter worth $159,000. Finally, Trexquant Investment LP acquired a new position in NMI during the first quarter worth $346,000. 96.90% of the stock is currently owned by institutional investors and hedge funds.

NMI Company Profile

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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