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

Shares of NMI Holdings Inc (NASDAQ:NMIH) have been given a consensus recommendation of “Moderate Buy” by the six brokerages that are currently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $43.00.

Several equities analysts recently issued reports on NMIH shares. JPMorgan Chase & Co. upped their price objective on shares of NMI from $42.00 to $43.00 and gave the company an “overweight” rating in a research note 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 company from $46.00 to $48.00 in a report on Thursday, December 18th. Weiss Ratings restated a “buy (b)” rating on shares of NMI in a report on Wednesday, October 8th. UBS Group set a $43.00 price objective on NMI in a research report on Monday, January 12th. Finally, Barclays increased their target price on NMI from $43.00 to $44.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 6th.

Insider Buying and Selling at NMI

In related news, Director Michael J. Embler sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $36.90, for a total value of $738,000.00. Following the sale, the director directly owned 46,046 shares of the company’s stock, valued at approximately $1,699,097.40. This trade represents a 30.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On NMI

Large investors have recently bought and sold shares of the stock. Walleye Capital LLC acquired a new stake in shares of NMI in the second quarter worth $13,245,000. Exchange Traded Concepts LLC acquired a new position in shares of NMI during the 3rd quarter valued at $1,926,000. Capital Fund Management S.A. purchased a new stake in NMI during the 2nd quarter worth $1,298,000. Jump Financial LLC increased its holdings in NMI by 184.6% in the 2nd quarter. Jump Financial LLC now owns 193,322 shares of the financial services provider’s stock valued at $8,156,000 after purchasing an additional 125,401 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its position in NMI by 18.4% in the second quarter. Arrowstreet Capital Limited Partnership now owns 615,979 shares of the financial services provider’s stock valued at $25,988,000 after purchasing an additional 95,899 shares during the period. Hedge funds and other institutional investors own 94.12% of the company’s stock.

NMI Stock Down 2.5%

NMIH opened at $37.74 on Friday. The firm has a market cap of $2.90 billion, a P/E ratio of 7.90, a PEG ratio of 1.16 and a beta of 0.66. The business’s fifty day simple moving average is $39.12 and its 200 day simple moving average is $38.44. NMI has a 52 week low of $31.90 and a 52 week high of $43.20. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.17.

NMI (NASDAQ:NMIH) last released its earnings results on Tuesday, November 4th. The financial services provider reported $1.21 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.21. NMI had a net margin of 55.02% and a return on equity of 16.08%. The company had revenue of $171.56 million for the quarter, compared to analyst estimates of $177.01 million. During the same period in the prior year, the firm earned $1.15 EPS. The firm’s quarterly revenue was up 7.6% on a year-over-year basis. As a group, equities research analysts anticipate that NMI will post 4.62 EPS for the current fiscal year.

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.