NMI (NASDAQ:NMIH) Issues Quarterly Earnings Results, Beats Expectations By $0.03 EPS

NMI (NASDAQ:NMIH) announced its earnings results on Tuesday. The financial services provider reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.17 by $0.03, FiscalAI reports. NMI had a return on equity of 16.08% and a net margin of 55.02%.

NMI Stock Performance

NMI stock traded up $0.25 during trading hours on Tuesday, reaching $40.19. 439,625 shares of the company were exchanged, compared to its average volume of 503,120. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.17. NMI has a 12 month low of $31.90 and a 12 month high of $43.20. The stock has a 50-day moving average of $39.49 and a 200 day moving average of $38.51. The firm has a market cap of $3.09 billion, a price-to-earnings ratio of 8.41, a PEG ratio of 1.23 and a beta of 0.64.

Insiders Place Their Bets

In related news, Director Michael J. Embler sold 20,000 shares of the firm’s stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $36.90, for a total value of $738,000.00. Following the completion of the transaction, the director directly owned 46,046 shares of the company’s stock, valued at $1,699,097.40. This trade represents a 30.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 3.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On NMI

Several large investors have recently bought and sold shares of NMIH. Allworth Financial LP lifted its position in 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 buying an additional 437 shares in the last quarter. Wilmington Savings Fund Society FSB increased its holdings in NMI by 1,308.1% during the third quarter. Wilmington Savings Fund Society FSB now owns 1,915 shares of the financial services provider’s stock worth $73,000 after buying an additional 1,779 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in NMI by 120.2% in the second quarter. EverSource Wealth Advisors LLC now owns 2,013 shares of the financial services provider’s stock valued at $85,000 after acquiring an additional 1,099 shares during the last quarter. Smartleaf Asset Management LLC increased its stake in shares of NMI by 95.2% during the 2nd quarter. Smartleaf Asset Management LLC now owns 3,613 shares of the financial services provider’s stock worth $152,000 after purchasing an additional 1,762 shares during the last quarter. Finally, Osaic Holdings Inc. increased its stake in shares of NMI by 191.1% during the 2nd quarter. Osaic Holdings Inc. now owns 4,587 shares of the financial services provider’s stock worth $177,000 after purchasing an additional 3,011 shares during the last quarter. 94.12% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Keefe, Bruyette & Woods upgraded shares of NMI from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $46.00 to $48.00 in a research report on Thursday, December 18th. Barclays lifted their price target on NMI from $43.00 to $44.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 6th. UBS Group set a $43.00 target price on NMI in a research note on Monday, January 12th. Weiss Ratings reiterated a “buy (b)” rating on shares of NMI in a research report on Thursday, January 22nd. Finally, JPMorgan Chase & Co. raised their price objective on shares of NMI from $42.00 to $43.00 and gave the company an “overweight” rating in a research report on Monday, January 12th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, NMI currently has an average rating of “Moderate Buy” and a consensus price target of $43.00.

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.