NMI (NASDAQ:NMIH) Price Target Lowered to $43.00 at Barclays

NMI (NASDAQ:NMIH) had its price target reduced by Barclays from $44.00 to $43.00 in a research note released on Monday,Benzinga reports. Barclays currently has an equal weight rating on the financial services provider’s stock.

A number of other brokerages have also recently issued reports on NMIH. JPMorgan Chase & Co. lifted their price target on shares of NMI from $42.00 to $43.00 and gave the company an “overweight” rating in a research report on Monday, January 12th. Weiss Ratings reissued a “buy (b)” rating on shares of NMI in a research report on Thursday, January 22nd. UBS Group set a $43.00 target price on shares of NMI in a report on Monday, January 12th. Finally, Keefe, Bruyette & Woods raised shares of NMI from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $46.00 to $48.00 in a report on Thursday, December 18th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $42.80.

NMI Trading Up 1.0%

Shares of NASDAQ NMIH opened at $37.91 on Monday. NMI has a 1 year low of $31.90 and a 1 year high of $43.20. The stock has a market cap of $2.89 billion, a P/E ratio of 7.72, a price-to-earnings-growth ratio of 1.03 and a beta of 0.64. The firm has a 50-day moving average of $38.61 and a 200 day moving average of $38.33. 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 issued its quarterly earnings results on Tuesday, February 10th. The financial services provider reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.17 by $0.03. NMI had a net margin of 55.05% and a return on equity of 15.78%. The company had revenue of $180.74 million during the quarter, compared to analysts’ expectations of $180.69 million. During the same period last year, the company posted $1.07 EPS. As a group, sell-side analysts expect that NMI will post 4.62 EPS for the current fiscal year.

Insider Transactions at NMI

In other news, EVP Norman Peter Fitzgerald sold 22,500 shares of NMI stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $39.94, for a total value of $898,650.00. Following the completion of the sale, the executive vice president directly owned 32,445 shares in the company, valued at $1,295,853.30. The trade was a 40.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Bradley M. Shuster sold 18,953 shares of NMI stock in a transaction that occurred on Tuesday, March 24th. The stock was sold at an average price of $37.35, for a total transaction of $707,894.55. Following the completion of the sale, the chairman owned 415,411 shares of the company’s stock, valued at $15,515,600.85. This represents a 4.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 189,412 shares of company stock worth $7,357,746 over the last three months. 3.00% of the stock is currently owned by company insiders.

Institutional Trading of NMI

A number of large investors have recently made changes to their positions in NMIH. Allworth Financial LP grew its stake in shares of NMI by 196.0% in the third quarter. Allworth Financial LP now owns 660 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 437 shares during the period. Maseco LLP bought a new stake in shares of NMI in the fourth quarter worth approximately $31,000. IFP Advisors Inc grew its stake in shares of NMI by 189.5% in the fourth quarter. IFP Advisors Inc now owns 796 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 521 shares during the period. Harbor Capital Advisors Inc. grew its stake in shares of NMI by 51.5% in the third quarter. Harbor Capital Advisors Inc. now owns 856 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 291 shares during the period. Finally, Farther Finance Advisors LLC grew its stake in shares of NMI by 161.5% in the fourth quarter. Farther Finance Advisors LLC now owns 1,004 shares of the financial services provider’s stock worth $41,000 after acquiring an additional 620 shares during the period. 94.12% of the stock is currently owned by institutional investors.

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.