NMI Holdings Inc (NASDAQ:NMIH) Director Steven Scheid sold 21,500 shares of the business’s stock in a transaction on Friday, August 3rd. The shares were sold at an average price of $21.62, for a total transaction of $464,830.00. Following the sale, the director now directly owns 72,691 shares of the company’s stock, valued at $1,571,579.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Steven Scheid also recently made the following trade(s):
- On Tuesday, August 7th, Steven Scheid sold 65,000 shares of NMI stock. The stock was sold at an average price of $21.50, for a total transaction of $1,397,500.00.
Shares of NASDAQ NMIH traded up $0.25 during midday trading on Friday, reaching $21.60. 303,600 shares of the stock were exchanged, compared to its average volume of 585,208. The stock has a market capitalization of $1.40 billion, a price-to-earnings ratio of 37.89 and a beta of 1.12. NMI Holdings Inc has a twelve month low of $10.10 and a twelve month high of $22.80. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.27 and a quick ratio of 0.27.
Large investors have recently made changes to their positions in the company. Geode Capital Management LLC lifted its holdings in NMI by 20.2% in the 4th quarter. Geode Capital Management LLC now owns 618,241 shares of the financial services provider’s stock valued at $10,509,000 after purchasing an additional 104,003 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of NMI by 440.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 177,001 shares of the financial services provider’s stock worth $3,009,000 after acquiring an additional 144,279 shares during the last quarter. Two Sigma Advisers LP increased its stake in shares of NMI by 39.5% in the 4th quarter. Two Sigma Advisers LP now owns 118,300 shares of the financial services provider’s stock worth $2,011,000 after acquiring an additional 33,500 shares during the last quarter. Macquarie Group Ltd. increased its stake in shares of NMI by 40.4% in the 4th quarter. Macquarie Group Ltd. now owns 12,850 shares of the financial services provider’s stock worth $218,000 after acquiring an additional 3,700 shares during the last quarter. Finally, MetLife Investment Advisors LLC acquired a new stake in shares of NMI in the 4th quarter worth $471,000. Hedge funds and other institutional investors own 90.51% of the company’s stock.
NMIH has been the subject of a number of research reports. Compass Point reaffirmed a “buy” rating and issued a $24.00 price objective on shares of NMI in a research note on Thursday, August 2nd. Zacks Investment Research lowered shares of NMI from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 4th. BidaskClub raised shares of NMI from a “hold” rating to a “buy” rating in a research note on Friday, July 20th. Keefe, Bruyette & Woods lowered shares of NMI from an “outperform” rating to a “market perform” rating and set a $23.50 price target for the company. in a research report on Monday, August 6th. Finally, Susquehanna Bancshares increased their price target on shares of NMI from $21.00 to $24.00 and gave the company a “buy” rating in a research report on Thursday, August 2nd. One research analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. NMI has a consensus rating of “Buy” and a consensus target price of $22.28.
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.
Further Reading: Price to Earnings Ratio (PE) Basics
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