Headlines about NMI (NASDAQ:NMIH) have trended somewhat positive on Wednesday, Accern Sentiment Analysis reports. The research group identifies positive and negative media coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. NMI earned a media sentiment score of 0.08 on Accern’s scale. Accern also assigned news articles about the financial services provider an impact score of 46.4403238828802 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
A number of equities research analysts have recently weighed in on the company. ValuEngine downgraded NMI from a “buy” rating to a “hold” rating in a research report on Monday, December 4th. Keefe, Bruyette & Woods restated a “buy” rating and set a $19.50 target price on shares of NMI in a research report on Friday, November 3rd. B. Riley restated a “buy” rating on shares of NMI in a research report on Monday, November 6th. BTIG Research reiterated a “buy” rating and issued a $17.00 price objective on shares of NMI in a report on Sunday, November 5th. Finally, Deutsche Bank set a $16.00 price objective on NMI and gave the company a “buy” rating in a report on Wednesday, October 25th. One analyst has rated the stock with a sell rating, three have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $15.93.
Shares of NMI (NMIH) opened at $17.70 on Wednesday. The company has a market capitalization of $1,050.58, a PE ratio of 30.70 and a beta of 0.84. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.28. NMI has a fifty-two week low of $9.75 and a fifty-two week high of $17.95.
NMI (NASDAQ:NMIH) last released its quarterly earnings data on Wednesday, November 1st. The financial services provider reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.06. The business had revenue of $48.95 million during the quarter, compared to the consensus estimate of $45.79 million. NMI had a return on equity of 6.95% and a net margin of 51.80%. The firm’s revenue was up 37.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.10 earnings per share. equities analysts expect that NMI will post 0.56 EPS for the current fiscal year.
In other NMI news, COO Claudia J. Merkle sold 15,000 shares of the business’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $17.80, for a total value of $267,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Julie Norberg sold 16,600 shares of the business’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $16.73, for a total value of $277,718.00. Following the completion of the transaction, the vice president now directly owns 32,305 shares of the company’s stock, valued at $540,462.65. The disclosure for this sale can be found here. Insiders sold 41,600 shares of company stock valued at $714,618 in the last quarter. 5.40% of the stock is currently owned by corporate insiders.
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NMI Company Profile
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).
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