News Spotlight: NMI Holdings (NASDAQ:NMIH)

NMI Holdings (NASDAQ:NMIH) stock observed trading -10.53% off 52-week high price. On the other end, the stock has been noted 74.29% away from low price over the last 52-weeks. The stock disclosed a move of -2.12% away from 50 day moving average and 10.92% away from 200 day moving average. Moving closer, we can see that shares have been trading -3.76% off 20-day moving average. It has market cap of $2.18B.

On Jan. 6, 2020, NMI Holdings (NASDAQ:NMIH) reported that Norm Fitzgerald has been promoted to chief sales officer. He joined National MI in 2014 as senior vice president of national field sales.

In his new role, Fitzgerald oversees National MI’s entire sales organization, including national and field sales, marketing and business development strategy.

Norm Fitzgerald has a proven ability to successfully lead and motivate a nationwide sales team, and I am excited to have him take on this expanded role for National MI, said CEO Claudia Merkle. Norm’s experience in the mortgage industry and his leadership skills make him well-suited to serve as National MI’s chief sales officer,

Fitzgerald has over 28 years of experience in sales and operations within the mortgage and banking industry. Prior to joining National MI, he held the position of senior vice president at Mr. Cooper (formerly Nationstar Mortgage), where he built and launched a top correspondent lending channel. His prior experience includes serving as president of Correspondent Lending at PHH, as well as leadership positions with CitiMortgage, PMI Mortgage Insurance Co., and Citizens Bank. Fitzgerald earned a B.A. from the University of Massachusetts in Boston.

I am excited to take on this new role at National MI, which is known for providing industry-leading private MI solutions to mortgage lenders, Fitzgerald said. I look forward to working with and guiding our talented sales team across the country.

About National MI

National Mortgage Insurance Corporation (National MI), a subsidiary of NMI Holdings (NASDAQ: NMIH), is a U.S.-based, private mortgage insurance company enabling low down payment borrowers to realize home ownership while protecting lenders and investors against losses related to a borrower’s default.

 The USA based company NMI Holdings moved with change of -0.25% to $32.02 with the total traded volume of 313523 shares in recent session versus to an average volume of 497.13K. The stock was observed in the 5 days activity at -1.02%. The one month performance of stock was -5.77%. NMIH’s shares are at 20.85% for the quarter and driving a 67.56% return over the course of the past year and is now at -3.50% since this point in 2018.  Right now the stock beta is 1.2. The average volatility for the week and month was at 2.01% and 2.64% respectively. There are 68.15M shares outstanding and 66.76M shares are floated in market.

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