FY2019 EPS Estimates for NMI Holdings Inc Increased by SunTrust Banks (NASDAQ:NMIH)

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NMI Holdings Inc (NASDAQ:NMIH) – Stock analysts at SunTrust Banks raised their FY2019 EPS estimates for NMI in a research note issued on Wednesday, November 6th. SunTrust Banks analyst M. Hughes now forecasts that the financial services provider will earn $2.55 per share for the year, up from their prior forecast of $2.36. SunTrust Banks also issued estimates for NMI’s Q4 2019 earnings at $0.69 EPS, Q2 2020 earnings at $0.76 EPS, Q3 2020 earnings at $0.80 EPS, Q4 2020 earnings at $0.83 EPS and FY2020 earnings at $3.15 EPS.

Other analysts have also issued reports about the company. Zacks Investment Research lowered NMI from a “hold” rating to a “sell” rating in a research report on Saturday, October 19th. BidaskClub lowered NMI from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 7th. Credit Suisse Group initiated coverage on NMI in a report on Thursday, October 10th. They issued a “neutral” rating and a $30.00 price objective for the company. BTIG Research set a $36.00 target price on NMI and gave the company a “buy” rating in a research note on Wednesday, July 31st. Finally, B. Riley upgraded NMI from a “neutral” rating to a “buy” rating and lifted their target price for the company from $30.00 to $34.00 in a research note on Tuesday, October 15th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the stock. NMI currently has an average rating of “Buy” and a consensus price target of $31.38.

NASDAQ NMIH traded up $2.88 during mid-day trading on Friday, hitting $32.00. The stock had a trading volume of 1,462,900 shares, compared to its average volume of 370,778. NMI has a 52-week low of $15.62 and a 52-week high of $33.54. The company has a market cap of $1.99 billion, a price-to-earnings ratio of 19.28 and a beta of 1.25. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.18. The company has a 50 day simple moving average of $28.11 and a 200 day simple moving average of $27.81.

NMI (NASDAQ:NMIH) last released its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.09. NMI had a return on equity of 19.65% and a net margin of 41.31%. The firm had revenue of $101.59 million during the quarter, compared to the consensus estimate of $94.67 million.

In other NMI news, insider Bradley M. Shuster sold 38,125 shares of the business’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $28.01, for a total transaction of $1,067,881.25. Following the sale, the insider now directly owns 604,420 shares of the company’s stock, valued at approximately $16,929,804.20. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman Bradley M. Shuster sold 51,250 shares of the business’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $29.06, for a total transaction of $1,489,325.00. Following the sale, the chairman now directly owns 543,552 shares in the company, valued at $15,795,621.12. The disclosure for this sale can be found here. Insiders sold 200,693 shares of company stock valued at $5,669,366 over the last 90 days. 4.20% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Louisiana State Employees Retirement System increased its stake in shares of NMI by 1.6% in the second quarter. Louisiana State Employees Retirement System now owns 25,200 shares of the financial services provider’s stock worth $733,000 after acquiring an additional 400 shares during the last quarter. Mason Street Advisors LLC increased its stake in shares of NMI by 2.1% in the third quarter. Mason Street Advisors LLC now owns 23,011 shares of the financial services provider’s stock worth $604,000 after acquiring an additional 468 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its stake in shares of NMI by 2.4% in the third quarter. Municipal Employees Retirement System of Michigan now owns 20,340 shares of the financial services provider’s stock worth $534,000 after acquiring an additional 470 shares during the last quarter. Miles Capital Inc. increased its stake in shares of NMI by 6.2% in the second quarter. Miles Capital Inc. now owns 9,482 shares of the financial services provider’s stock worth $269,000 after acquiring an additional 557 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of NMI by 15.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,405 shares of the financial services provider’s stock worth $116,000 after acquiring an additional 604 shares during the last quarter. 90.61% of the stock is currently owned by institutional investors and hedge funds.

NMI Company Profile

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.

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Earnings History and Estimates for NMI (NASDAQ:NMIH)

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