NMI Holdings Inc (NASDAQ:NMIH) Receives $43.00 Average PT from Analysts

NMI Holdings Inc (NASDAQ:NMIH) has received an average rating of “Moderate Buy” from the six brokerages that are covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $43.00.

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

Insider Activity at NMI

In related news, Director Michael J. Embler sold 20,000 shares of the company’s stock in a transaction dated 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 owned 46,046 shares in the company, valued at $1,699,097.40. This represents a 30.28% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 3.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of NMIH. Dimensional Fund Advisors LP grew its holdings in NMI by 0.7% during the third quarter. Dimensional Fund Advisors LP now owns 4,288,867 shares of the financial services provider’s stock worth $164,437,000 after buying an additional 31,570 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of NMI by 5.8% in the third quarter. American Century Companies Inc. now owns 2,379,801 shares of the financial services provider’s stock valued at $91,242,000 after purchasing an additional 130,002 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of NMI by 0.3% during the second quarter. Geode Capital Management LLC now owns 1,966,970 shares of the financial services provider’s stock valued at $82,996,000 after purchasing an additional 5,628 shares in the last quarter. Van Berkom & Associates Inc. boosted its holdings in NMI by 0.4% during the third quarter. Van Berkom & Associates Inc. now owns 1,909,630 shares of the financial services provider’s stock worth $73,215,000 after purchasing an additional 7,973 shares during the last quarter. Finally, Frontier Capital Management Co. LLC grew its position in NMI by 3.9% in the 2nd quarter. Frontier Capital Management Co. LLC now owns 1,119,957 shares of the financial services provider’s stock worth $47,251,000 after purchasing an additional 42,436 shares in the last quarter. Institutional investors own 94.12% of the company’s stock.

NMI Stock Up 1.6%

Shares of NMI stock opened at $38.36 on Friday. The stock’s 50-day moving average is $39.15 and its 200 day moving average is $38.41. NMI has a one year low of $31.90 and a one year high of $43.20. The firm has a market cap of $2.95 billion, a price-to-earnings ratio of 8.03, a PEG ratio of 1.14 and a beta of 0.66. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.86 and a quick ratio of 0.86.

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