NMI Holdings Inc (NASDAQ:NMIH) Given Average Recommendation of “Moderate Buy” by Analysts

NMI Holdings Inc (NASDAQ:NMIH) has been given a consensus rating of “Moderate Buy” by the six research firms that are presently covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $43.00.

Several brokerages recently weighed in on NMIH. UBS Group set a $43.00 price target on shares of NMI in a research report on Monday, January 12th. JPMorgan Chase & Co. lifted their target price on NMI from $42.00 to $43.00 and gave the stock an “overweight” rating in a report on Monday, January 12th. Keefe, Bruyette & Woods upgraded NMI from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $46.00 to $48.00 in a research note on Thursday, December 18th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of NMI in a report on Thursday, January 22nd. Finally, Barclays lifted their price objective on NMI from $43.00 to $44.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 6th.

NMI Stock Performance

Shares of NMI stock opened at $40.03 on Wednesday. NMI has a 1 year low of $31.90 and a 1 year high of $43.20. The firm’s 50-day moving average is $39.79 and its 200 day moving average is $38.62. The stock has a market cap of $3.04 billion, a price-to-earnings ratio of 8.15, a PEG ratio of 1.10 and a beta of 0.64. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.57 and a quick ratio of 0.57.

NMI (NASDAQ:NMIH) last released its quarterly earnings data on Tuesday, February 10th. The financial services provider reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.17 by $0.03. The business had revenue of $180.74 million during the quarter, compared to analyst estimates of $180.69 million. NMI had a net margin of 55.05% and a return on equity of 15.78%. During the same period last year, the business earned $1.07 EPS. Sell-side analysts anticipate that NMI will post 4.62 EPS for the current fiscal year.

Institutional Investors Weigh In On NMI

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Guggenheim Capital LLC grew its position in NMI by 208.3% in the 4th quarter. Guggenheim Capital LLC now owns 16,120 shares of the financial services provider’s stock worth $658,000 after purchasing an additional 10,892 shares during the period. AQR Capital Management LLC boosted its stake in shares of NMI by 30.4% in the 4th quarter. AQR Capital Management LLC now owns 733,478 shares of the financial services provider’s stock worth $29,919,000 after buying an additional 171,203 shares during the last quarter. Cetera Investment Advisers grew its holdings in shares of NMI by 7.8% in the fourth quarter. Cetera Investment Advisers now owns 11,715 shares of the financial services provider’s stock worth $478,000 after acquiring an additional 844 shares during the period. Trexquant Investment LP increased its position in NMI by 40.9% during the fourth quarter. Trexquant Investment LP now owns 103,159 shares of the financial services provider’s stock valued at $4,208,000 after acquiring an additional 29,966 shares during the last quarter. Finally, iSAM Funds UK Ltd bought a new position in NMI in the fourth quarter valued at about $252,000. Hedge funds and other institutional investors own 94.12% of the company’s stock.

About NMI

NMI Holdings, Inc (NASDAQ: NMIH) is a publicly traded mortgage insurance company that provides private mortgage insurance to lenders across the United States and Canada. Through its principal subsidiary, National Mortgage Insurance Corporation, NMI underwrites and issues policies that protect originators and investors against losses arising from borrower default on residential mortgage loans. By mitigating credit risk on higher‐loan‐to‐value mortgages, the company supports homebuyers’ access to financing and contributes to overall market liquidity.

Beyond its core mortgage insurance products, NMI offers credit risk‐sharing and reinsurance solutions designed to help clients optimize capital utilization and manage portfolio exposure.