NMI Holdings, Inc. (NASDAQ:NMIH) Given Consensus Rating of “Moderate Buy” by Brokerages

NMI Holdings, Inc. (NASDAQ:NMIH) has been given a consensus rating of “Moderate Buy” by the eight research firms that are presently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $34.44.

Several research firms recently commented on NMIH. Keefe, Bruyette & Woods increased their price objective on NMI from $33.00 to $36.00 and gave the company a “market perform” rating in a research report on Thursday, April 4th. Royal Bank of Canada increased their price objective on NMI from $31.00 to $33.00 and gave the company a “sector perform” rating in a research report on Thursday, February 15th. JPMorgan Chase & Co. increased their target price on NMI from $34.00 to $35.00 and gave the company an “overweight” rating in a report on Wednesday, April 3rd. Truist Financial increased their target price on NMI from $34.00 to $36.00 and gave the company a “buy” rating in a report on Thursday, February 15th. Finally, StockNews.com downgraded NMI from a “buy” rating to a “hold” rating in a report on Thursday, March 21st.

NMI Trading Down 0.3 %

NMI stock opened at $29.87 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.73 and a quick ratio of 0.73. NMI has a one year low of $22.22 and a one year high of $32.50. The stock has a market capitalization of $2.41 billion, a PE ratio of 7.78, a price-to-earnings-growth ratio of 1.11 and a beta of 1.06. The business’s fifty day moving average is $30.29 and its 200 day moving average is $29.15.

NMI (NASDAQ:NMIH) last released its quarterly earnings data on Wednesday, February 14th. The financial services provider reported $1.01 EPS for the quarter, beating the consensus estimate of $0.95 by $0.06. NMI had a return on equity of 17.97% and a net margin of 55.63%. The company had revenue of $151.38 million for the quarter, compared to analysts’ expectations of $131.70 million. During the same period last year, the firm posted $0.86 earnings per share. NMI’s revenue was up 13.7% compared to the same quarter last year. On average, sell-side analysts predict that NMI will post 4.05 EPS for the current year.

Insider Transactions at NMI

In other news, VP Nicholas Daniel Realmuto sold 1,249 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $30.23, for a total value of $37,757.27. Following the transaction, the vice president now owns 10,455 shares of the company’s stock, valued at $316,054.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Chairman Bradley M. Shuster sold 6,559 shares of NMI stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $29.81, for a total transaction of $195,523.79. Following the sale, the chairman now owns 453,298 shares of the company’s stock, valued at approximately $13,512,813.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Nicholas Daniel Realmuto sold 1,249 shares of NMI stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $30.23, for a total value of $37,757.27. Following the sale, the vice president now directly owns 10,455 shares in the company, valued at approximately $316,054.65. The disclosure for this sale can be found here. Insiders have sold 145,158 shares of company stock valued at $4,395,582 over the last quarter. 2.70% of the stock is currently owned by company insiders.

Institutional Trading of NMI

Several institutional investors and hedge funds have recently added to or reduced their stakes in NMIH. Citigroup Inc. raised its stake in NMI by 11.0% during the 1st quarter. Citigroup Inc. now owns 75,317 shares of the financial services provider’s stock valued at $1,554,000 after purchasing an additional 7,439 shares during the period. PNC Financial Services Group Inc. raised its stake in NMI by 15.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 5,738 shares of the financial services provider’s stock valued at $118,000 after purchasing an additional 774 shares during the period. Natixis Advisors L.P. purchased a new position in NMI during the 1st quarter valued at approximately $352,000. Bank of Montreal Can grew its holdings in NMI by 61.1% during the 1st quarter. Bank of Montreal Can now owns 39,481 shares of the financial services provider’s stock valued at $848,000 after buying an additional 14,975 shares in the last quarter. Finally, MetLife Investment Management LLC grew its holdings in NMI by 55.1% during the 1st quarter. MetLife Investment Management LLC now owns 46,887 shares of the financial services provider’s stock valued at $967,000 after buying an additional 16,650 shares in the last quarter. Institutional investors own 94.12% of the company’s stock.

About NMI

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.