Somewhat Favorable News Coverage Somewhat Unlikely to Affect NMI (NMIH) Share Price
Media coverage about NMI (NASDAQ:NMIH) has been trending somewhat positive recently, Accern Sentiment reports. The research firm rates the sentiment of media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. NMI earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave news coverage about the financial services provider an impact score of 45.8725130414894 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Several research analysts have weighed in on NMIH shares. Zacks Investment Research upgraded shares of NMI from a “hold” rating to a “strong-buy” rating and set a $15.00 target price on the stock in a research report on Saturday, October 14th. Singular Research initiated coverage on shares of NMI in a research report on Monday, October 16th. They issued a “buy” rating and a $16.00 price target on the stock. BTIG Research reiterated a “buy” rating and issued a $17.00 price target on shares of NMI in a research report on Sunday, November 5th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $19.50 price target on shares of NMI in a research report on Friday, November 3rd. Finally, ValuEngine lowered shares of NMI from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. NMI presently has a consensus rating of “Buy” and an average price target of $16.50.
Shares of NMI (NASDAQ:NMIH) opened at $17.30 on Friday. The company has a market cap of $1,032.57, a P/E ratio of 12.36 and a beta of 0.84. NMI has a 1 year low of $9.90 and a 1 year high of $18.05. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.24 and a quick ratio of 0.24.
NMI (NASDAQ:NMIH) last released its quarterly earnings results on Wednesday, November 1st. The financial services provider reported $0.20 EPS for the quarter, beating the consensus estimate of $0.14 by $0.06. The business had revenue of $48.95 million for the quarter, compared to analyst estimates of $45.79 million. NMI had a net margin of 51.80% and a return on equity of 6.95%. The company’s quarterly revenue was up 37.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.10 earnings per share. sell-side analysts predict that NMI will post 0.56 EPS for the current fiscal year.
In related news, VP Julie Norberg sold 16,600 shares of the firm’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $16.73, for a total transaction of $277,718.00. Following the sale, the vice president now owns 32,305 shares in the company, valued at $540,462.65. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Patrick L. Mathis sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $16.99, for a total transaction of $169,900.00. The disclosure for this sale can be found here. Insiders sold 41,600 shares of company stock worth $714,618 over the last quarter. Company insiders own 5.40% of the company’s stock.
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).
Receive News & Ratings for NMI Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NMI and related companies with MarketBeat.com's FREE daily email newsletter.