NMI Holdings is an insurance holding company. Through its subsidiaries, Co. is engaged in the provision of mortgage insurance (MI). MI protects lenders and investors from default-related losses on a portion of the unpaid principal balance of a covered mortgage. Co.'s principal types of MI coverage include: primary MI, which provides default protection on individual mortgage loans at specified coverage percentages; and pool insurance, which is generally used to provide additional credit enhancement for certain secondary market mortgage transactions. Co. also provides outsourced loan review services to mortgage originators through its subsidiary, NMI Services, Inc. We show 42 historical shares outstanding datapoints in our NMIH shares outstanding history coverage, used to compute NMIH market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing NMIH market cap history over the course of time is important for investors
interested in comparing NMIH's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of NMIH versus a peer is one thing; comparing
NMIH market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like NMIH can fluctuate over the course of history.
With this page we aim to empower investors researching NMIH by allowing them to research the NMIH market cap history. |
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Video: The Importance of Market Cap
