Yesterday it was reported that a Director at NMI Holdings (NASDAQ: NMIH), Steven Scheid, exercised options to sell 65,000 NMIH shares at $10.00 a share, for a total transaction value of $1.4M.
This is Scheid’s first transaction since reporting a Sell transaction on JNS back in May 2010
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Based on NMI Holdings’ latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $67.45 million and quarterly net profit of $25.24 million. In comparison, last year the company earned revenue of $42.2 million and had a net profit of $6.01 million. NMIH’s market cap is $1.39B and the company has a P/E ratio of 24.60. Currently, NMI Holdings has an average volume of 460.3K.
Based on 5 analyst ratings, the analyst consensus is Strong Buy with an average price target of $24.20, reflecting a -10.5% downside.
The insider sentiment on NMI Holdings has been negative according to 45 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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NMI Holdings, Inc. engages in the provision of private mortgage guaranty insurance. It focuses on long-term customer relationships, disciplined and proactive risk selection and pricing, fair and transparent claims payment practices, responsive customer service, financial strength, and profitability.
