NMI Holdings Inc (NMIH) Director Steven Scheid Sells 21,500 Shares

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.

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

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.

About NMI

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

Insider Buying and Selling by Quarter for NMI (NASDAQ:NMIH)

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