Q2 2024 EPS Estimates for NMI Holdings, Inc. Raised by Zacks Research (NASDAQ:NMIH)

NMI Holdings, Inc. (NASDAQ:NMIHFree Report) – Equities researchers at Zacks Research raised their Q2 2024 earnings per share (EPS) estimates for NMI in a note issued to investors on Monday, June 3rd. Zacks Research analyst R. Department now anticipates that the financial services provider will earn $1.03 per share for the quarter, up from their previous estimate of $1.02. The consensus estimate for NMI’s current full-year earnings is $4.24 per share. Zacks Research also issued estimates for NMI’s Q4 2024 earnings at $1.07 EPS, FY2024 earnings at $4.22 EPS, Q2 2025 earnings at $1.10 EPS, Q3 2025 earnings at $1.11 EPS, Q4 2025 earnings at $1.15 EPS and FY2025 earnings at $4.49 EPS.

Several other equities analysts have also recently weighed in on NMIH. UBS Group downgraded shares of NMI from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $37.00 to $39.00 in a report on Wednesday, May 22nd. Royal Bank of Canada upped their price objective on shares of NMI from $31.00 to $33.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 15th. StockNews.com lowered shares of NMI from a “buy” rating to a “hold” rating in a research note on Monday. JPMorgan Chase & Co. boosted their target price on NMI from $35.00 to $36.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 1st. Finally, Truist Financial increased their price target on NMI from $36.00 to $37.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, NMI presently has an average rating of “Moderate Buy” and a consensus price target of $35.56.

Get Our Latest Report on NMIH

NMI Stock Down 1.5 %

Shares of NASDAQ:NMIH opened at $33.06 on Wednesday. The business’s 50 day moving average is $31.97 and its 200 day moving average is $30.40. NMI has a 12-month low of $24.53 and a 12-month high of $34.33. The stock has a market cap of $2.65 billion, a price-to-earnings ratio of 8.18, a PEG ratio of 1.15 and a beta of 1.08. 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:NMIHGet Free Report) last released its quarterly earnings results on Tuesday, April 30th. The financial services provider reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.12. The business had revenue of $156.25 million during the quarter, compared to the consensus estimate of $133.76 million. NMI had a return on equity of 18.09% and a net margin of 56.26%. The company’s quarterly revenue was up 14.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.88 EPS.

Insider Buying and Selling

In other NMI news, EVP Mohammad Nawaz Yousaf sold 1,117 shares of the company’s stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $29.95, for a total transaction of $33,454.15. Following the sale, the executive vice president now directly owns 32,909 shares of the company’s stock, valued at $985,624.55. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, Director James G. Jones sold 48,294 shares of NMI stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $30.46, for a total value of $1,471,035.24. Following the completion of the transaction, the director now directly owns 5,847 shares in the company, valued at approximately $178,099.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Mohammad Nawaz Yousaf sold 1,117 shares of the stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $29.95, for a total value of $33,454.15. Following the sale, the executive vice president now owns 32,909 shares in the company, valued at approximately $985,624.55. The disclosure for this sale can be found here. In the last 90 days, insiders sold 67,463 shares of company stock valued at $2,050,051. 2.40% of the stock is owned by insiders.

Hedge Funds Weigh In On NMI

Hedge funds have recently made changes to their positions in the stock. Daiwa Securities Group Inc. bought a new position in NMI in the 4th quarter worth about $27,000. Fidelis Capital Partners LLC bought a new position in shares of NMI in the first quarter valued at approximately $31,000. TFO Wealth Partners LLC grew its stake in NMI by 24,500.0% during the fourth quarter. TFO Wealth Partners LLC now owns 1,230 shares of the financial services provider’s stock valued at $37,000 after acquiring an additional 1,225 shares in the last quarter. Robeco Institutional Asset Management B.V. bought a new stake in NMI during the 4th quarter worth approximately $145,000. Finally, Quadrant Capital Group LLC lifted its stake in NMI by 6.1% in the 4th quarter. Quadrant Capital Group LLC now owns 6,071 shares of the financial services provider’s stock worth $180,000 after purchasing an additional 350 shares in the last quarter. 94.12% of the stock is currently owned by hedge funds and other institutional investors.

NMI Company Profile

(Get Free Report)

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.

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Earnings History and Estimates for NMI (NASDAQ:NMIH)

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