Of those insider trades, 5,000 shares of NMI Holdings, Inc. were purchased and 90,487 shares were sold. They presently have a $13.00 price target on the financial services provider's stock. Its reinsurance subsidiary, National Mortgage Reinsurance Inc One (Re One), provides reinsurance to NMIC on certain loans insured by NMIC. NMI Holdings earned a news sentiment score of 0.26 on Alpha One's scale. (NMIH) is a number of factors, including perhaps, a steady decrease of the profile of the company as insider activity takes center stage. On September 5 the stock rating was upgraded to "Outperform" from "Market Perform" by Keefe Bruyette & Woods. They set a "buy" rating and a $14.50 price objective on the stock. On September 5 the company was rated "Outperform" according to a Keefe Bruyette & Woods report a boost from the previous "Market Perform" rating. BidaskClub lowered shares of NMI Holdings from a "hold" rating to a "sell" rating in a report on Friday, July 28th.
August 2 investment analysts at Deutsche Bank held the stock rating at "Buy" but raised the price target to $15.00 from $14.50.
Analysts often look at short interest, or the number of shares now being shorted by investors, to aid in their outlook for a particular stock.
Nmi Holdings Cmn A (NASDAQ:NMIH) has grabbed attention from the analysts, when it saw a value increase of 2.3% or 0.3 points in the last trading session to close at $13.35. 11,986,621 shares of the company traded hands. The firm has a market cap of $632.23 million, a price-to-earnings ratio of 8.647 and a beta of 0.65.
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The company's P/E ratio is 10.70 and market capitalization is 805.14M. The stock is trading at $13.45 well above $11.62, the 50 day moving average and much higher than the 200 day moving average of $11.48.
NMI Holdings (NASDAQ:NMIH) last posted its quarterly earnings data on Thursday, May 4th. The financial services provider reported $0.10 earnings per share for the quarter, hitting the consensus estimate of $0.10. NMI Holdings had a net margin of 52.34% and a return on equity of 5.95%. NMI Holdings's revenue for the quarter was up 43.1% compared to the same quarter a year ago.
COPYRIGHT VIOLATION WARNING: This news story was first published by TrueBlueTribune and is the property of of TrueBlueTribune. The original version of this news story can be viewed at https://stocknewstimes.com/2017/10/15/nmi-holdings-inc-nmih-upgraded-to-strong-buy-at-zacks-investment-research.html. Also, EVP William J. Leatherberry purchased 5,000 shares of the company's stock in a transaction on Tuesday, August 29th. The disposition, at a price of $10.35, resulted in William Leatherberry bringing total 146804 shares. Also, CEO Bradley M. Shuster sold 30,000 shares of NMI Holdings stock in a transaction dated Wednesday, August 2nd.
Among new and sold out positions, 15 holders initiated new positions by a total of 670663 shares and 26 holders exited their positions by a total of 1.55 million shares. The disclosure for this sale can be found here. Insiders have sold 149,227 shares of company stock worth $1,760,571 over the last three months. Of those transactions, there were 335,626 shares of NMIH bought and 207,374 shares sold. Nisa Investment Advisors LLC increased its stake in NMI Holdings by 9.1% in the 2nd quarter. Wells Fargo & Company MN now owns 65,100 shares of the financial services provider's stock worth $742,000 after acquiring an additional 32,389 shares during the period. As of the end of the quarter Ubs Group Ag had disposed of a total of 18,351 shares trimming its stake by 93.6%. The value of the company's investment in NMI Holdings Inc decreased from $5,387,000 to $5,131,000 decreasing 4.8% quarter over quarter. Cornerstone Capital Management Holdings LLC. now owns 86,504 shares of the financial services provider's stock worth $985,000 after acquiring an additional 81,204 shares during the period.
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As of quarter end Seawolf Capital, LLC had acquired a total of 25,071 shares growing its holdings by 14.1%. Walthausen & Co., LLC now owns 1,089,725 shares with a value of $12,477,000.
A number of institutional investors and hedge funds have recently modified their holdings of NMIH.
NMI Holdings, Inc. (NMIH), launched on May 19, 2011, provides private mortgage guaranty insurance through its insurance subsidiaries.
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