NMI Holdings Inc Forecasted to Earn Q4 2017 Earnings of $0.17 Per Share (NMIH)

NMI Holdings Inc (NASDAQ:NMIH) – Research analysts at B. Riley issued their Q4 2017 earnings per share estimates for NMI in a note issued to investors on Monday. B. Riley analyst R. Binner expects that the financial services provider will earn $0.17 per share for the quarter. B. Riley has a “Buy” rating on the stock.

NMI (NASDAQ:NMIH) last posted its quarterly earnings data on Wednesday, November 1st. The financial services provider reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.06. NMI had a return on equity of 6.95% and a net margin of 51.80%. The company had revenue of $48.95 million for the quarter, compared to the consensus estimate of $45.79 million. During the same period in the previous year, the business earned $0.10 EPS. NMI’s revenue for the quarter was up 37.8% compared to the same quarter last year.

Other equities research analysts also recently issued reports about the company. BidaskClub upgraded NMI from a “sell” rating to a “hold” rating in a report on Wednesday, August 9th. Zacks Investment Research upgraded NMI from a “sell” rating to a “hold” rating in a report on Thursday, August 10th. Deutsche Bank downgraded NMI from a “buy” rating to a “hold” rating and set a $16.00 price objective on the stock. in a report on Friday, November 3rd. ValuEngine upgraded NMI from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $13.00 price objective on shares of NMI in a report on Thursday, August 31st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. NMI presently has a consensus rating of “Buy” and a consensus target price of $15.93.

Shares of NMI (NASDAQ NMIH) opened at $17.30 on Wednesday. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.28. NMI has a twelve month low of $9.05 and a twelve month high of $17.95. The stock has a market capitalization of $1,062.59, a P/E ratio of 31.05 and a beta of 0.84.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Capital Research Global Investors increased its holdings in shares of NMI by 72.5% in the 2nd quarter. Capital Research Global Investors now owns 3,481,202 shares of the financial services provider’s stock valued at $39,860,000 after acquiring an additional 1,462,624 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in NMI by 15.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,812,446 shares of the financial services provider’s stock valued at $34,875,000 after purchasing an additional 367,394 shares during the period. Vanguard Group Inc. boosted its position in NMI by 10.3% during the 2nd quarter. Vanguard Group Inc. now owns 2,569,591 shares of the financial services provider’s stock valued at $29,421,000 after purchasing an additional 239,387 shares during the period. FMR LLC boosted its position in NMI by 7.8% during the 2nd quarter. FMR LLC now owns 2,488,937 shares of the financial services provider’s stock valued at $28,499,000 after purchasing an additional 180,126 shares during the period. Finally, Renaissance Technologies LLC boosted its position in NMI by 2.2% during the 2nd quarter. Renaissance Technologies LLC now owns 2,024,900 shares of the financial services provider’s stock valued at $23,185,000 after purchasing an additional 44,182 shares during the period. Institutional investors and hedge funds own 83.57% of the company’s stock.

In other news, EVP Patrick L. Mathis sold 10,000 shares of the business’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 value of $169,900.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Julie Norberg sold 16,600 shares of the business’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 value of $277,718.00. Following the completion of the sale, the vice president now owns 32,305 shares of the company’s stock, valued at $540,462.65. The disclosure for this sale can be found here. 5.40% of the stock is currently owned by insiders.

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About NMI

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).

Earnings History and Estimates for NMI (NASDAQ:NMIH)

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