NMI (NASDAQ:NMIH) Given Market Perform Rating at Keefe, Bruyette & Woods

NMI (NASDAQ:NMIH)‘s stock had its “market perform” rating reiterated by investment analysts at Keefe, Bruyette & Woods in a research note issued to investors on Monday, Marketbeat Ratings reports. They presently have a $47.00 price objective on the financial services provider’s stock. Keefe, Bruyette & Woods’ target price would indicate a potential upside of 5.03% from the company’s previous close.

NMIH has been the subject of a number of other reports. Royal Bank Of Canada assumed coverage on shares of NMI in a report on Friday, May 22nd. They issued an “outperform” rating and a $46.00 target price for the company. Barclays lowered their price objective on shares of NMI from $44.00 to $43.00 and set an “equal weight” rating for the company in a research note on Monday, April 6th. Truist Financial lifted their target price on NMI from $49.00 to $51.00 and gave the company a “buy” rating in a report on Friday. Weiss Ratings raised NMI from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, June 12th. Finally, JPMorgan Chase & Co. lifted their price objective on NMI from $48.00 to $50.00 and gave the company an “overweight” rating in a research note on Friday. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $47.17.

NMI Trading Up 1.0%

NMI stock traded up $0.45 during trading on Monday, hitting $44.75. The company’s stock had a trading volume of 30,718 shares, compared to its average volume of 516,328. The stock has a market capitalization of $3.40 billion, a price-to-earnings ratio of 8.80, a P/E/G ratio of 1.53 and a beta of 0.54. The stock’s fifty day moving average is $39.62 and its 200 day moving average is $38.98. NMI has a 1-year low of $34.84 and a 1-year high of $46.74. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.63 and a current ratio of 0.65.

NMI (NASDAQ:NMIH) last issued its quarterly earnings results on Thursday, July 30th. The financial services provider reported $1.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.28 by $0.10. The firm had revenue of $187.89 million for the quarter, compared to analyst estimates of $156.26 million. NMI had a return on equity of 15.13% and a net margin of 54.10%.The firm’s quarterly revenue was up 8.1% on a year-over-year basis. During the same period last year, the company earned $1.22 EPS. As a group, equities research analysts predict that NMI will post 5.14 EPS for the current year.

Insider Activity

In related news, Director Michael Curry Montgomery sold 1,554 shares of NMI stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $37.90, for a total value of $58,896.60. Following the completion of the transaction, the director directly owned 69,026 shares in the company, valued at approximately $2,616,085.40. This trade represents a 2.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.44% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Royal Bank of Canada increased its holdings in shares of NMI by 20.4% in the 1st quarter. Royal Bank of Canada now owns 117,065 shares of the financial services provider’s stock valued at $4,221,000 after acquiring an additional 19,857 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in NMI by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,684 shares of the financial services provider’s stock worth $1,683,000 after acquiring an additional 2,030 shares during the last quarter. NewEdge Advisors LLC bought a new position in NMI in the first quarter worth about $256,000. Ashton Thomas Private Wealth LLC acquired a new position in NMI in the first quarter valued at approximately $203,000. Finally, Jane Street Group LLC grew its holdings in shares of NMI by 1,312.9% during the first quarter. Jane Street Group LLC now owns 224,152 shares of the financial services provider’s stock valued at $8,081,000 after purchasing an additional 208,287 shares during the last quarter. Institutional investors own 94.12% of the company’s stock.

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.