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

Shares of NMI Holdings Inc (NASDAQ:NMIH) have earned a consensus recommendation of “Moderate Buy” from the five brokerages that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $42.40.

A number of research firms have recently issued reports on NMIH. Weiss Ratings reissued a “buy (b)” rating on shares of NMI in a research note on Thursday, January 22nd. JPMorgan Chase & Co. reduced their price target on shares of NMI from $44.00 to $43.00 and set an “overweight” rating on the stock in a research note on Thursday, April 9th. Keefe, Bruyette & Woods reduced their price target on shares of NMI from $50.00 to $46.00 and set an “outperform” rating on the stock in a research note on Monday, May 4th. Barclays cut their target price on shares of NMI from $44.00 to $43.00 and set an “equal weight” rating on the stock in a research note on Monday, April 6th. Finally, UBS Group set a $43.00 target price on shares of NMI in a research note on Monday, January 12th.

Insider Buying and Selling

In related news, EVP Norman Peter Fitzgerald sold 22,500 shares of the company’s stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $39.94, for a total transaction of $898,650.00. Following the sale, the executive vice president directly owned 32,445 shares of the company’s stock, valued at $1,295,853.30. This represents a 40.95% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Bradley M. Shuster sold 18,953 shares of the company’s 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 sale, the chairman directly owned 415,411 shares in the company, valued at approximately $15,515,600.85. The trade was a 4.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 189,412 shares of company stock valued at $7,357,746 in the last ninety days. Company insiders own 2.44% of the company’s stock.

Institutional Investors Weigh In On NMI

Several large investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP increased its stake in NMI by 0.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,351,808 shares of the financial services provider’s stock worth $163,237,000 after buying an additional 34,372 shares during the period. American Century Companies Inc. increased its stake in NMI by 5.8% during the 3rd quarter. American Century Companies Inc. now owns 2,379,801 shares of the financial services provider’s stock worth $91,242,000 after buying an additional 130,002 shares during the period. Van Berkom & Associates Inc. increased its stake in NMI by 5.6% during the 4th quarter. Van Berkom & Associates Inc. now owns 2,016,030 shares of the financial services provider’s stock worth $82,234,000 after buying an additional 106,400 shares during the period. Geode Capital Management LLC grew its holdings in NMI by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 1,982,722 shares of the financial services provider’s stock worth $80,887,000 after acquiring an additional 5,274 shares in the last quarter. Finally, Barclays PLC grew its holdings in NMI by 3.6% during the 3rd quarter. Barclays PLC now owns 1,104,880 shares of the financial services provider’s stock worth $42,361,000 after acquiring an additional 38,021 shares in the last quarter. 94.12% of the stock is owned by hedge funds and other institutional investors.

NMI Price Performance

NMI stock opened at $38.87 on Monday. The company’s 50 day simple moving average is $38.60 and its 200-day simple moving average is $38.67. The company has a market capitalization of $2.95 billion, a price-to-earnings ratio of 7.92, a price-to-earnings-growth ratio of 1.20 and a beta of 0.59. NMI has a 1 year low of $34.84 and a 1 year high of $43.20. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.63 and a current ratio of 0.63.

NMI (NASDAQ:NMIH) last released its quarterly earnings results on Thursday, April 30th. The financial services provider reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.22 by $0.06. The business had revenue of $183.48 million for the quarter, compared to the consensus estimate of $153.99 million. NMI had a net margin of 53.82% and a return on equity of 15.18%. The business’s revenue was up 5.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.28 EPS. As a group, equities research analysts expect that NMI will post 5.15 earnings per share for the current year.

NMI Company Profile

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.