NMI (NMIH) to Release Quarterly Earnings on Wednesday

NMI (NASDAQ:NMIH) is scheduled to announce its earnings results after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of $1.10 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

NMI Stock Up 0.5 %

NMI stock opened at $36.96 on Tuesday. NMI has a 1-year low of $27.00 and a 1-year high of $42.49. The firm’s fifty day simple moving average is $40.41 and its 200-day simple moving average is $36.68. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $2.94 billion, a P/E ratio of 8.76, a P/E/G ratio of 0.84 and a beta of 1.13.

Insider Activity

In other news, insider William J. Leatherberry sold 3,000 shares of the business’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $40.07, for a total value of $120,210.00. Following the sale, the insider now owns 153,689 shares of the company’s stock, valued at $6,158,318.23. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.40% of the company’s stock.

Wall Street Analyst Weigh In

NMIH has been the topic of a number of research analyst reports. StockNews.com lowered shares of NMI from a “buy” rating to a “hold” rating in a research note on Wednesday, August 21st. Keefe, Bruyette & Woods raised their target price on shares of NMI from $37.00 to $40.00 and gave the company a “market perform” rating in a research note on Thursday, August 1st. Truist Financial raised their target price on shares of NMI from $37.00 to $47.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Royal Bank of Canada upgraded shares of NMI from a “sector perform” rating to an “outperform” rating and raised their target price for the company from $40.00 to $48.00 in a research note on Wednesday, September 18th. Finally, JPMorgan Chase & Co. raised their target price on shares of NMI from $42.00 to $46.00 and gave the company an “overweight” rating in a research note on Monday, October 7th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $43.43.

NMI Company Profile

NMI Holdings, Inc provides private mortgage guaranty insurance services in the United States. The company offers mortgage insurance services, such as primary and pool insurance; 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.