The EVP & COO of NMI Holdings is Exercising Options

Today it was reported that the EVP & COO of NMI Holdings (NMIHResearch Report), Patrick Mathis, exercised options to sell 54,118 NMIH shares at $10.10 a share, for a total transaction value of $1.41M.

Following Patrick Mathis’ last NMIH Sell transaction on May 07, 2018, the stock climbed by 9.6%. In addition to Patrick Mathis, 2 other NMIH executives reported Sell trades in the last month.

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Based on NMI Holdings’ latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $76.26 million and quarterly net profit of $35.52 million. In comparison, last year the company earned revenue of $54.54 million and had a GAAP net loss of $1.77 million. NMIH’s market cap is $1.73B and the company has a P/E ratio of 16.36. Currently, NMI Holdings has an average volume of 263.4K.

Based on 4 analyst ratings, the analyst consensus is Strong Buy with an average price target of $27.00, reflecting a 4.1% upside.

The insider sentiment on NMI Holdings has been negative according to 50 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. is engaged 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.

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