NMI Holdings Inc (NASDAQ:NMIH) – Analysts at B. Riley issued their Q1 2020 earnings estimates for NMI in a research note issued on Friday, November 16th. B. Riley analyst R. Binner forecasts that the financial services provider will post earnings of $0.65 per share for the quarter. B. Riley has a “Buy” rating and a $26.00 price objective on the stock. B. Riley also issued estimates for NMI’s Q2 2020 earnings at $0.60 EPS and Q3 2020 earnings at $0.63 EPS.

Several other research analysts have also recently weighed in on the stock. Barclays started coverage on shares of NMI in a report on Monday, September 10th. They set an “overweight” rating and a $28.00 price target on the stock. BidaskClub upgraded shares of NMI from a “buy” rating to a “strong-buy” rating in a report on Thursday, September 13th. Compass Point boosted their price target on shares of NMI from $23.50 to $26.00 and gave the stock a “buy” rating in a report on Wednesday, October 31st. Keefe, Bruyette & Woods cut shares of NMI from an “outperform” rating to a “market perform” rating and set a $23.50 price target on the stock. in a report on Monday, August 6th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and issued a $24.00 price objective on shares of NMI in a research report on Thursday, August 2nd. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $24.89.

NMI stock opened at $19.59 on Monday. NMI has a fifty-two week low of $13.35 and a fifty-two week high of $24.50. The stock has a market cap of $1.34 billion, a P/E ratio of 34.37 and a beta of 1.10. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.29 and a current ratio of 0.29.

NMI (NASDAQ:NMIH) last released its quarterly earnings results on Tuesday, October 30th. The financial services provider reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.05. NMI had a net margin of 27.89% and a return on equity of 15.86%. The business had revenue of $71.76 million for the quarter.

In other NMI news, CEO Bradley M. Shuster sold 81,972 shares of NMI stock in a transaction dated Thursday, September 6th. The shares were sold at an average price of $21.24, for a total value of $1,741,085.28. Following the sale, the chief executive officer now owns 643,056 shares of the company’s stock, valued at $13,658,509.44. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director James G. Jones sold 18,000 shares of NMI stock in a transaction dated Wednesday, August 22nd. The stock was sold at an average price of $22.14, for a total transaction of $398,520.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 306,720 shares of company stock worth $6,660,161. Insiders own 5.70% of the company’s stock.

Hedge funds have recently made changes to their positions in the business. Teachers Advisors LLC raised its position in shares of NMI by 7.8% in the third quarter. Teachers Advisors LLC now owns 123,552 shares of the financial services provider’s stock valued at $2,798,000 after purchasing an additional 8,974 shares during the period. Redhawk Wealth Advisors Inc. bought a new stake in shares of NMI in the third quarter valued at approximately $374,000. AJ Wealth Strategies LLC raised its position in shares of NMI by 4.7% in the third quarter. AJ Wealth Strategies LLC now owns 66,432 shares of the financial services provider’s stock valued at $1,505,000 after purchasing an additional 3,000 shares during the period. Thrivent Financial for Lutherans bought a new stake in shares of NMI in the third quarter valued at approximately $1,014,000. Finally, MetLife Investment Advisors LLC raised its position in shares of NMI by 58.0% in the third quarter. MetLife Investment Advisors LLC now owns 43,797 shares of the financial services provider’s stock valued at $992,000 after purchasing an additional 16,086 shares during the period. 89.33% of the stock is currently owned by institutional investors and hedge funds.

About NMI

NMI Holdings, Inc, through its subsidiaries, provides private mortgage guaranty insurance services in the United States. The company offers mortgage insurance; reinsurance on loans; 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.

Further Reading: Fundamental Analysis

Earnings History and Estimates for NMI (NASDAQ:NMIH)

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