Royal Bank Of Canada Upgrades NMI (NASDAQ:NMIH) to “Moderate Buy”

NMI (NASDAQ:NMIH) was upgraded by stock analysts at Royal Bank Of Canada to a “moderate buy” rating in a report released on Friday,Zacks.com reports.

A number of other research firms have also issued reports on NMIH. Keefe, Bruyette & Woods decreased their price objective on NMI from $50.00 to $46.00 and set an “outperform” rating on the stock in a research note on Monday, May 4th. Weiss Ratings reissued a “buy (b)” rating on shares of NMI in a report on Thursday, January 22nd. Barclays cut their price objective on NMI from $44.00 to $43.00 and set an “equal weight” rating for the company in a report on Monday, April 6th. UBS Group set a $46.00 price objective on NMI in a report on Friday. Finally, JPMorgan Chase & Co. cut their price objective on NMI from $44.00 to $43.00 and set an “overweight” rating for the company in a report on Thursday, April 9th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $44.80.

NMI Stock Performance

NASDAQ:NMIH opened at $37.40 on Friday. 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 has a 52-week low of $34.84 and a 52-week high of $43.20. The firm has a market cap of $2.84 billion, a price-to-earnings ratio of 7.62, a PEG ratio of 1.30 and a beta of 0.59. The business’s fifty day moving average is $38.37 and its 200 day moving average is $38.76.

NMI (NASDAQ:NMIH) last released its quarterly earnings data 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. NMI had a return on equity of 15.18% and a net margin of 53.82%.The company had revenue of $183.48 million for the quarter, compared to analyst estimates of $153.99 million. During the same period in the previous year, the company posted $1.28 EPS. The firm’s revenue for the quarter was up 5.9% compared to the same quarter last year. Research analysts predict that NMI will post 5.15 EPS for the current year.

Insider Activity at NMI

In other NMI news, Director Michael Curry Montgomery sold 1,554 shares of the stock in a transaction that occurred on 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 sale, the director owned 69,026 shares in the company, valued at approximately $2,616,085.40. This trade represents a 2.20% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman Bradley M. Shuster sold 18,953 shares of the stock in a transaction that occurred on Tuesday, March 24th. The stock was sold at an average price of $37.35, for a total value of $707,894.55. Following the completion of the sale, the chairman owned 415,411 shares of the company’s stock, valued at approximately $15,515,600.85. This trade represents a 4.36% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 97,466 shares of company stock valued at $3,700,103. Company insiders own 2.44% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Allworth Financial LP lifted its stake in shares of NMI by 196.0% in the 3rd quarter. Allworth Financial LP now owns 660 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 437 shares during the period. Maseco LLP bought a new stake in shares of NMI in the 4th quarter worth $31,000. IFP Advisors Inc increased its holdings in shares of NMI by 189.5% in the 4th 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. Bessemer Group Inc. increased its holdings in shares of NMI by 34.0% in the 1st quarter. Bessemer Group Inc. now owns 1,071 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 272 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its holdings in shares of NMI by 161.5% in the 4th quarter. Farther Finance Advisors LLC now owns 1,004 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 620 shares in the last quarter. Hedge funds and other institutional investors own 94.12% of the company’s stock.

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.