NMI Holdings Inc (NASDAQ:NMIH) Given Consensus Rating of “Moderate Buy” by Analysts

NMI Holdings Inc (NASDAQ:NMIH) has received an average recommendation of “Moderate Buy” from the five ratings firms that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $45.00.

Several brokerages have issued reports on NMIH. Barclays dropped 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 note on Monday, April 6th. Keefe, Bruyette & Woods boosted their price target on NMI from $46.00 to $47.00 and gave the stock an “outperform” rating in a research note on Thursday, June 25th. JPMorgan Chase & Co. dropped their price objective on shares of NMI from $44.00 to $43.00 and set an “overweight” rating for the company in a research note on Thursday, April 9th. Weiss Ratings raised shares of 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 target price on shares of NMI in a research note on Friday, May 22nd.

Insider Buying and Selling at NMI

In other news, Director Michael Curry Montgomery sold 1,554 shares of the 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 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.44% of the company’s stock.

Institutional Trading of NMI

A number of hedge funds have recently made changes to their positions in NMIH. Allworth Financial LP raised its stake in shares of NMI by 196.0% during the third 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 purchased a new stake in shares of NMI during the fourth quarter valued at approximately $31,000. IFP Advisors Inc raised its stake in shares of NMI by 189.5% during the fourth quarter. IFP Advisors Inc now owns 796 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 521 shares during the period. Pacer Advisors Inc. raised its stake in shares of 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 purchasing an additional 372 shares during the period. Finally, Bessemer Group Inc. raised its stake in shares of NMI by 34.0% during the first quarter. Bessemer Group Inc. now owns 1,071 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 272 shares during the period. Hedge funds and other institutional investors own 94.12% of the company’s stock.

NMI Stock Up 1.5%

Shares of NASDAQ:NMIH opened at $41.22 on Tuesday. The stock has a market cap of $3.13 billion, a P/E ratio of 8.40, a P/E/G ratio of 1.41 and a beta of 0.56. The firm has a fifty day moving average price of $38.14 and a 200 day moving average price of $38.75. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.63 and a quick ratio of 0.63. NMI has a 1-year low of $34.84 and a 1-year high of $43.20.

NMI (NASDAQ:NMIH) last announced its quarterly earnings data on Thursday, April 30th. The financial services provider reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.22 by $0.06. The company had revenue of $183.48 million for the quarter, compared to analysts’ expectations of $153.99 million. NMI had a net margin of 53.82% and a return on equity of 15.18%. NMI’s revenue was up 5.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.28 EPS. Sell-side analysts predict that NMI will post 5.12 EPS for the current year.

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.