NMI (NASDAQ:NMIH) Price Target Raised to $50.00 at JPMorgan Chase & Co.

NMI (NASDAQ:NMIH) had its target price upped by JPMorgan Chase & Co. from $48.00 to $50.00 in a report issued on Friday,Benzinga reports. The brokerage currently has an “overweight” rating on the financial services provider’s stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 13.20% from the company’s previous close.

A number of other equities analysts also recently commented on the company. Weiss Ratings upgraded NMI from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, June 12th. Keefe, Bruyette & Woods upped their price objective on NMI from $46.00 to $47.00 and gave the stock an “outperform” rating in a research report on Thursday, June 25th. UBS Group set a $46.00 price objective on shares of NMI in a research report on Friday, May 22nd. Royal Bank Of Canada initiated coverage on shares of NMI in a research note on Friday, May 22nd. They issued an “outperform” rating and a $46.00 price target on the stock. Finally, Barclays reduced their target price on NMI from $44.00 to $43.00 and set an “equal weight” rating for the company in a report on Monday, April 6th. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, NMI has an average rating of “Moderate Buy” and a consensus target price of $47.17.

NMI Price Performance

NASDAQ NMIH traded up $0.73 during trading hours on Friday, reaching $44.17. The company’s stock had a trading volume of 436,643 shares, compared to its average volume of 516,628. The firm has a market capitalization of $3.36 billion, a price-to-earnings ratio of 8.98, a P/E/G ratio of 1.54 and a beta of 0.54. The company’s 50-day moving average is $39.48 and its two-hundred day moving average is $38.95. 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 $46.74.

NMI (NASDAQ:NMIH) last issued its quarterly earnings results on Thursday, July 30th. The financial services provider reported $1.38 earnings per share for the quarter, beating 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 net margin of 53.82% and a return on equity of 15.18%. NMI’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same period last year, the company posted $1.22 EPS. On average, equities analysts predict that NMI will post 5.11 EPS for the current year.

Insider Transactions at NMI

In other 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 transaction of $58,896.60. Following the completion of the transaction, the director directly owned 69,026 shares of the company’s stock, valued at approximately $2,616,085.40. This represents a 2.20% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 2.44% of the company’s stock.

Hedge Funds Weigh In On NMI

Large investors have recently made changes to their positions in the stock. Allworth Financial LP lifted its position in shares of NMI by 196.0% during the 3rd quarter. Allworth Financial LP now owns 660 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 437 shares during the period. Maseco LLP acquired a new position in shares of NMI during the 4th quarter valued at about $31,000. IFP Advisors Inc increased its position in NMI by 189.5% during the fourth quarter. IFP Advisors Inc now owns 796 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 521 shares during the last quarter. Farther Finance Advisors LLC raised its position 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 buying an additional 620 shares during the period. Finally, Pacer Advisors Inc. raised its holdings in shares of NMI by 58.7% in the 1st quarter. Pacer Advisors Inc. now owns 1,006 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 372 shares during the period. Hedge funds and other institutional investors own 94.12% of the company’s stock.

Key Stories Impacting NMI

Here are the key news stories impacting NMI this week:

• Positive Sentiment: Truist raised its price target on NMI Holdings from $49 to $51 and upgraded the stock to “Buy,” implying approximately 15.7% upside from the referenced share price. Benzinga report
• Positive Sentiment: NMI Holdings reported second-quarter net income of $105.8 million, or $1.38 per diluted share, compared with $96.2 million, or $1.21 per share, a year earlier. Earnings exceeded the $1.28 analyst consensus. NMI Holdings second-quarter financial results
• Positive Sentiment: Revenue reached $187.89 million, up 8.1% year over year and well above the approximately $156.26 million consensus estimate. The company also reported a 53.82% net margin and 15.18% return on equity. NMI Holdings earnings and revenue report
• Positive Sentiment: Management highlighted continued capital-return capacity, including $167 million remaining under its share-repurchase authorization, which may support per-share results and investor confidence. NMIH capital return update
• Neutral Sentiment: The shares remain below their 52-week high but are trading above both their 50-day and 200-day moving averages, indicating improved momentum following the earnings beat.
• Negative Sentiment: Management expects defaults to trend higher, a potential risk to future mortgage-insurance claims and profitability despite the strong current-quarter performance. NMIH default outlook and capital return update

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.