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

Shares of NMI Holdings, Inc. (NASDAQ:NMIH) have earned an average recommendation of “Moderate Buy” from the six ratings firms that are currently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $43.17.

Several brokerages have issued reports on NMIH. UBS Group dropped their target price on shares of NMI from $42.00 to $41.00 and set a “neutral” rating on the stock in a report on Wednesday, February 19th. JPMorgan Chase & Co. dropped their target price on shares of NMI from $42.00 to $41.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. Keefe, Bruyette & Woods dropped their target price on shares of NMI from $43.00 to $42.00 and set an “outperform” rating on the stock in a report on Tuesday, April 8th. Finally, StockNews.com upgraded shares of NMI from a “hold” rating to a “buy” rating in a report on Monday, May 5th.

NMI Stock Performance

NMI stock opened at $38.41 on Monday. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.60 and a quick ratio of 0.83. NMI has a 1-year low of $31.59 and a 1-year high of $42.49. The firm has a market capitalization of $3.00 billion, a P/E ratio of 8.67, a price-to-earnings-growth ratio of 1.41 and a beta of 0.56. The company’s 50-day moving average is $35.40 and its 200 day moving average is $36.62.

NMI (NASDAQ:NMIH) last issued its earnings results on Tuesday, April 29th. The financial services provider reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.18. The business had revenue of $173.25 million for the quarter, compared to the consensus estimate of $169.04 million. NMI had a net margin of 55.32% and a return on equity of 17.33%. The company’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.08 EPS. Research analysts forecast that NMI will post 4.62 EPS for the current year.

Insider Activity at NMI

In other news, CEO Adam Pollitzer sold 57,166 shares of the firm’s stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $36.54, for a total transaction of $2,088,845.64. Following the sale, the chief executive officer now owns 329,465 shares of the company’s stock, valued at $12,038,651.10. This trade represents a 14.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Norman Peter Fitzgerald sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $35.88, for a total transaction of $717,600.00. Following the sale, the executive vice president now directly owns 37,470 shares in the company, valued at $1,344,423.60. The trade was a 34.80% decrease in their position. The disclosure for this sale can be found here. Insiders sold 113,235 shares of company stock valued at $4,113,998 in the last three months. 3.00% of the stock is owned by insiders.

Institutional Investors Weigh In On NMI

A number of large investors have recently modified their holdings of the business. Assetmark Inc. lifted its position in NMI by 12.6% in the fourth quarter. Assetmark Inc. now owns 88,010 shares of the financial services provider’s stock valued at $3,235,000 after buying an additional 9,842 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in NMI by 1.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,075,428 shares of the financial services provider’s stock valued at $39,533,000 after purchasing an additional 11,347 shares during the last quarter. Barclays PLC increased its stake in NMI by 264.4% in the third quarter. Barclays PLC now owns 386,999 shares of the financial services provider’s stock valued at $15,940,000 after purchasing an additional 280,809 shares during the last quarter. abrdn plc purchased a new position in NMI in the fourth quarter valued at approximately $8,122,000. Finally, KBC Group NV increased its stake in NMI by 38.3% in the fourth quarter. KBC Group NV now owns 3,221 shares of the financial services provider’s stock valued at $118,000 after purchasing an additional 892 shares during the last quarter. Hedge funds and other institutional investors own 94.12% of the company’s stock.

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.