The EVP & COO of NMI Holdings (NASDAQ: NMIH) is Selling Shares

By Carrie Williams

Today, the EVP & COO of NMI Holdings (NASDAQ: NMIH), Claudia Merkle, sold shares of NMIH for $267K.

In addition to Claudia Merkle, 2 other NMIH executives reported Sell trades in the last month.

Based on NMI Holdings’ latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $48.95 million and quarterly net profit of $12.31 million. In comparison, last year the company earned revenue of $35.52 million and had a net profit of $6.18 million. The company has a one-year high of $17.95 and a one-year low of $9.25. NMIH’s market cap is $1.04B and the company has a P/E ratio of 12.36.

Based on 5 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $16.9, reflecting a 2.7% upside.

The insider sentiment on NMI Holdings has been negative according to 28 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. operates as a holding company, which provides private mortgage insurance. It offers risk management solutions and insurance capacity geared to support the needs of an evolving housing finance industry. The company was founded on May 19, 2011 and is headquartered in Emeryville, CA.