NMI (NASDAQ:NMIH) Rating Lowered to Hold at Keefe, Bruyette & Woods

NMI (NASDAQ:NMIH) was downgraded by research analysts at Keefe, Bruyette & Woods from a “moderate buy” rating to a “hold” rating in a research note issued to investors on Sunday,Zacks.com reports.

NMIH has been the subject of several other research reports. JPMorgan Chase & Co. increased their price target on shares of NMI from $48.00 to $50.00 and gave the company an “overweight” rating in a research report on Friday. Barclays decreased their price objective on shares of NMI from $44.00 to $43.00 and set an “equal weight” rating on the stock in a research report on Monday, April 6th. Royal Bank Of Canada began coverage on shares of NMI in a research note on Friday, May 22nd. They set an “outperform” rating and a $46.00 price objective for the company. Weiss Ratings raised NMI from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, June 12th. Finally, UBS Group set a $46.00 price target on NMI in a report on Friday, May 22nd. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $47.17.

NMI Price Performance

NMIH opened at $44.58 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.65 and a quick ratio of 0.63. The stock’s 50 day simple moving average is $39.76 and its 200 day simple moving average is $39.04. The firm has a market cap of $3.39 billion, a price-to-earnings ratio of 8.78, a PEG ratio of 1.53 and a beta of 0.53. NMI has a 1 year low of $34.84 and a 1 year high of $46.74.

NMI (NASDAQ:NMIH) last released its quarterly earnings data on Thursday, July 30th. The financial services provider reported $1.38 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.10. NMI had a return on equity of 15.13% and a net margin of 54.10%.The firm had revenue of $187.89 million during the quarter, compared to analyst estimates of $156.26 million. During the same quarter in the prior year, the firm posted $1.22 earnings per share. The business’s quarterly revenue was up 8.1% compared to the same quarter last year. As a group, analysts predict that NMI will post 5.14 earnings per share for the current year.

Insider Buying and Selling at NMI

In related news, Director Michael Curry Montgomery sold 1,554 shares of the business’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $37.90, for a total transaction of $58,896.60. Following the transaction, the director owned 69,026 shares in the company, valued at $2,616,085.40. The trade was a 2.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 2.44% of the company’s stock.

Institutional Trading of NMI

Several large investors have recently bought and sold shares of the company. Allworth Financial LP grew its holdings in shares of NMI by 196.0% during the 3rd quarter. Allworth Financial LP now owns 660 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 437 shares during the period. Maseco LLP purchased a new stake in NMI in the fourth quarter worth $31,000. IFP Advisors Inc raised its holdings in NMI by 189.5% in the fourth quarter. IFP Advisors Inc now owns 796 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 521 shares in the last quarter. Pacer Advisors Inc. lifted its position in NMI by 58.7% during the first quarter. Pacer Advisors Inc. now owns 1,006 shares of the financial services provider’s stock valued at $38,000 after buying an additional 372 shares during the period. Finally, Bessemer Group Inc. boosted its holdings in shares of NMI by 34.0% during the 1st quarter. Bessemer Group Inc. now owns 1,071 shares of the financial services provider’s stock valued at $40,000 after buying an additional 272 shares in the last quarter. 94.12% of the stock is owned by institutional investors.

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.