NMI Holdings Inc (NASDAQ:NMIH) Receives $41.20 Average Target Price from Analysts

Shares of NMI Holdings Inc (NASDAQ:NMIH) have earned an average recommendation of “Moderate Buy” from the six ratings firms that are covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $41.20.

NMIH has been the subject of a number of research analyst reports. JPMorgan Chase & Co. reduced their price target on shares of NMI from $43.00 to $42.00 and set an “overweight” rating for the company in a research note on Wednesday, November 5th. Barclays restated a “cautious” rating on shares of NMI in a research report on Monday, October 6th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of NMI in a research report on Wednesday, October 8th.

NMI Price Performance

Shares of NMIH opened at $37.57 on Friday. The firm has a market capitalization of $2.89 billion, a price-to-earnings ratio of 7.86, a price-to-earnings-growth ratio of 1.17 and a beta of 0.66. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.86 and a current ratio of 0.86. NMI has a one year low of $31.90 and a one year high of $43.20. The stock’s fifty day moving average is $36.96 and its 200-day moving average is $38.59.

NMI (NASDAQ:NMIH) last posted its quarterly earnings data on Tuesday, November 4th. The financial services provider reported $1.21 earnings per share for the quarter, hitting the consensus estimate of $1.21. The business had revenue of $171.56 million during the quarter, compared to the consensus estimate of $177.01 million. NMI had a net margin of 55.02% and a return on equity of 16.08%. The company’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.15 earnings per share. Equities analysts anticipate that NMI will post 4.62 EPS for the current year.

Insider Activity

In related news, Director Michael J. Embler sold 20,000 shares of NMI stock in a transaction dated Wednesday, November 19th. The stock was sold at an average price of $36.90, for a total transaction of $738,000.00. Following the transaction, the director directly owned 46,046 shares of the company’s stock, valued at $1,699,097.40. The trade was 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. Also, Director Steven Scheid sold 19,926 shares of the company’s stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $39.31, for a total transaction of $783,291.06. Following the completion of the sale, the director directly owned 78,960 shares of the company’s stock, valued at $3,103,917.60. The trade was a 20.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 3.00% of the company’s stock.

Institutional Trading of NMI

Large investors have recently added to or reduced their stakes in the business. Allworth Financial LP increased its holdings 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 valued at $25,000 after buying an additional 437 shares in the last quarter. Maseco LLP acquired a new stake in shares of NMI during the second quarter worth $32,000. Harbor Capital Advisors Inc. lifted its holdings in shares of NMI by 51.5% during the third quarter. Harbor Capital Advisors Inc. now owns 856 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 291 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in shares of NMI in the 2nd quarter valued at $36,000. Finally, Caitong International Asset Management Co. Ltd purchased a new position in NMI in the 1st quarter worth about $48,000. 94.12% of the stock is currently owned by institutional investors.

NMI Company Profile

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.