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

Shares of NMI Holdings Inc (NASDAQ:NMIH) have been assigned a consensus rating of “Moderate Buy” from the five research firms that are covering the company, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $43.00.

A number of equities research analysts have commented on the company. JPMorgan Chase & Co. raised their target price on NMI from $42.00 to $43.00 and gave the company an “overweight” rating in a report on Monday, January 12th. Barclays upped their price target on shares of NMI from $43.00 to $44.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 6th. UBS Group set a $43.00 price objective on shares of NMI in a research note on Monday, January 12th. Keefe, Bruyette & Woods raised shares of NMI from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $46.00 to $48.00 in a report on Thursday, December 18th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of NMI in a research report on Thursday, January 22nd.

NMI Stock Performance

Shares of NMIH stock opened at $36.78 on Friday. The company has a market cap of $2.80 billion, a price-to-earnings ratio of 7.49, a price-to-earnings-growth ratio of 1.01 and a beta of 0.63. The stock has a 50 day simple moving average of $38.72 and a 200-day simple moving average of $38.50. NMI has a 12-month low of $31.90 and a 12-month high of $43.20. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.16.

NMI (NASDAQ:NMIH) last posted its quarterly earnings results on Tuesday, February 10th. The financial services provider reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.17 by $0.03. NMI had a return on equity of 15.78% and a net margin of 55.05%.The firm had revenue of $180.74 million for the quarter, compared to the consensus estimate of $180.69 million. During the same period in the previous year, the business earned $1.07 earnings per share. On average, equities analysts forecast that NMI will post 4.62 EPS for the current year.

Insider Transactions at NMI

In other news, EVP Norman Peter Fitzgerald sold 22,500 shares of the business’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $39.94, for a total transaction of $898,650.00. Following the sale, the executive vice president owned 32,445 shares of the company’s stock, valued at $1,295,853.30. The trade was a 40.95% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Mohammad Nawaz Yousaf sold 16,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $39.89, for a total value of $638,240.00. Following the completion of the sale, the executive vice president owned 38,733 shares in the company, valued at approximately $1,545,059.37. This represents a 29.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 170,459 shares of company stock valued at $6,649,852 in the last quarter. 3.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Rockefeller Capital Management L.P. increased its position in shares of NMI by 35.0% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,160 shares of the financial services provider’s stock valued at $47,000 after buying an additional 301 shares in the last quarter. River Road Asset Management LLC purchased a new stake in shares of NMI in the 4th quarter worth about $15,104,000. Mercer Global Advisors Inc. ADV grew its stake in NMI by 63.1% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 18,816 shares of the financial services provider’s stock valued at $768,000 after acquiring an additional 7,280 shares during the last quarter. State of Tennessee Department of Treasury grew its stake in NMI by 3.1% in the 4th quarter. State of Tennessee Department of Treasury now owns 36,365 shares of the financial services provider’s stock valued at $1,408,000 after acquiring an additional 1,084 shares during the last quarter. Finally, EP Wealth Advisors LLC purchased a new position in NMI during the 4th quarter valued at about $417,000. Hedge funds and other 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.