NMI (NASDAQ:NMIH) Lifted to Buy at StockNews.com

NMI (NASDAQ:NMIHGet Free Report) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday.

A number of other equities analysts have also commented on the stock. Truist Financial raised their price target on shares of NMI from $36.00 to $37.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. UBS Group cut shares of NMI from a “buy” rating to a “neutral” rating and raised their target price for the stock from $37.00 to $39.00 in a report on Wednesday, May 22nd. JPMorgan Chase & Co. boosted their price target on NMI from $35.00 to $36.00 and gave the company an “overweight” rating in a research note on Wednesday, May 1st. Compass Point raised their price objective on NMI from $33.00 to $36.00 and gave the stock a “buy” rating in a research note on Tuesday, May 7th. Finally, Keefe, Bruyette & Woods upped their target price on NMI from $33.00 to $36.00 and gave the company a “market perform” rating in a research report on Thursday, April 4th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $35.56.

Check Out Our Latest Stock Report on NMIH

NMI Trading Down 0.7 %

Shares of NASDAQ:NMIH opened at $32.50 on Tuesday. The stock has a market cap of $2.61 billion, a PE ratio of 8.04, a P/E/G ratio of 1.12 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 has a 12-month low of $24.53 and a 12-month high of $34.33. The business has a 50 day moving average of $32.02 and a 200-day moving average of $30.55.

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 the consensus estimate 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 firm’s quarterly revenue was up 14.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.88 EPS. As a group, equities research analysts forecast that NMI will post 4.24 earnings per share for the current year.

Insider Buying and Selling

In other NMI news, EVP Mohammad Nawaz Yousaf sold 1,117 shares of the business’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $29.95, for a total transaction of $33,454.15. Following the completion of the transaction, the executive vice president now owns 32,909 shares of the company’s stock, valued at $985,624.55. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other NMI news, EVP Mohammad Nawaz Yousaf sold 1,117 shares of the business’s stock in a transaction on 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 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 accessible through this link. Also, VP Nicholas Daniel Realmuto sold 1,803 shares of the stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $30.08, for a total value of $54,234.24. Following the completion of the transaction, the vice president now owns 10,128 shares of the company’s stock, valued at $304,650.24. The disclosure for this sale can be found here. Insiders sold a total of 17,920 shares of company stock worth $541,258 in the last ninety days. 2.40% of the stock is owned by insiders.

Institutional Trading of NMI

Hedge funds and other institutional investors have recently made changes to their positions in the company. Capital International Investors acquired a new position in NMI in the 1st quarter valued at approximately $32,270,000. Goldentree Asset Management LP bought a new position in NMI during the 1st quarter worth $22,600,000. Norges Bank acquired a new position in NMI during the 4th quarter worth about $20,006,000. Assenagon Asset Management S.A. grew its position in shares of NMI by 88.1% in the 4th 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 last quarter. Finally, Vanguard Group Inc. increased its stake in shares of NMI by 5.3% in the first quarter. Vanguard Group Inc. now owns 7,168,138 shares of the financial services provider’s stock valued at $231,818,000 after buying an additional 358,930 shares during the period. 94.12% of the stock is currently owned by institutional investors.

About NMI

(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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