NMI Holdings, Inc. (NASDAQ:NMIH) Receives Average Rating of “Moderate Buy” from Brokerages

NMI Holdings, Inc. (NASDAQ:NMIH) has earned an average rating of “Moderate Buy” from the nine research firms that are presently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12 month price target among analysts that have covered the stock in the last year is $35.22.

A number of analysts have weighed in on the stock. StockNews.com raised shares of NMI from a “hold” rating to a “buy” rating in a research report on Friday, May 3rd. Keefe, Bruyette & Woods lifted their target price on shares of NMI from $33.00 to $36.00 and gave the stock a “market perform” rating in a research note on Thursday, April 4th. Royal Bank of Canada upped their price target on shares of NMI from $31.00 to $33.00 and gave the company a “sector perform” rating in a research report on Thursday, February 15th. JPMorgan Chase & Co. lifted their price objective on NMI from $35.00 to $36.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 1st. Finally, Truist Financial upped their target price on NMI from $36.00 to $37.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st.

Insider Buying and Selling at NMI

In related news, Chairman Bradley M. Shuster sold 12,836 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $30.53, for a total transaction of $391,883.08. Following the transaction, the chairman now directly owns 427,271 shares in the company, valued at $13,044,583.63. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, Chairman Bradley M. Shuster sold 12,836 shares of NMI stock in a transaction on Monday, February 12th. The stock was sold at an average price of $30.53, for a total transaction of $391,883.08. Following the sale, the chairman now directly owns 427,271 shares in the company, valued at $13,044,583.63. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Bradley M. Shuster sold 6,559 shares of the business’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $29.81, for a total value of $195,523.79. Following the completion of the transaction, the chairman now directly owns 453,298 shares in the company, valued at approximately $13,512,813.38. The disclosure for this sale can be found here. In the last three months, insiders have sold 145,158 shares of company stock worth $4,395,582. Corporate insiders own 2.40% of the company’s stock.

Institutional Trading of NMI

Hedge funds have recently added to or reduced their stakes in the stock. Norges Bank purchased a new stake in shares of NMI during the 4th quarter worth approximately $20,006,000. Assenagon Asset Management S.A. raised its stake in shares of NMI by 88.1% in the fourth quarter. Assenagon Asset Management S.A. now owns 859,955 shares of the financial services provider’s stock valued at $25,523,000 after buying an additional 402,793 shares during the period. Vanguard Group Inc. lifted its position in shares of NMI by 3.4% during the 4th quarter. Vanguard Group Inc. now owns 6,809,208 shares of the financial services provider’s stock valued at $202,097,000 after buying an additional 225,364 shares during the last quarter. Van Berkom & Associates Inc. grew its stake in shares of NMI by 7.3% during the 3rd quarter. Van Berkom & Associates Inc. now owns 2,708,797 shares of the financial services provider’s stock worth $73,381,000 after acquiring an additional 185,099 shares during the period. Finally, Comerica Bank purchased a new stake in NMI in the 3rd quarter worth about $4,914,000. Institutional investors own 94.12% of the company’s stock.

NMI Stock Down 0.7 %

NMIH stock opened at $33.42 on Thursday. The business has a 50-day simple moving average of $30.80 and a 200 day simple moving average of $29.66. The company has a market cap of $2.68 billion, a PE ratio of 8.27, a price-to-earnings-growth ratio of 1.17 and a beta of 1.06. NMI has a 52 week low of $23.63 and a 52 week high of $33.97. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.20.

NMI (NASDAQ:NMIH) last posted its earnings results on Tuesday, April 30th. The financial services provider reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.12. The firm had revenue of $156.25 million during the quarter, compared to analysts’ expectations of $133.76 million. NMI had a net margin of 56.26% and a return on equity of 18.09%. The business’s revenue for the quarter was up 14.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.88 earnings per share. Sell-side analysts anticipate that NMI will post 4.18 EPS for the current fiscal year.

NMI Company Profile

NMI Holdings, Inc provides private mortgage guaranty insurance services in the United States. The company offers mortgage insurance services, such as primary and pool insurance; and outsourced loan review services to mortgage loan originators. It serves national and regional mortgage banks, money center banks, credit unions, community banks, builder-owned mortgage lenders, internet-sourced lenders, and other non-bank lenders.