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

NMI Holdings Inc (NASDAQ:NMIH) has been assigned an average recommendation of “Moderate Buy” from the six brokerages that are covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $48.3333.

Several equities research analysts recently issued reports on NMIH shares. UBS Group set a $46.00 price target on NMI in a research note on Friday, May 22nd. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $47.00 price objective on shares of NMI in a report on Monday, August 3rd. JPMorgan Chase & Co. upped their target price on NMI from $48.00 to $50.00 and gave the company an “overweight” rating in a research report on Friday, July 31st. Truist Financial increased their target price on NMI from $49.00 to $51.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $53.00 price target on shares of NMI in a research report on Tuesday, August 4th.

Insider Transactions at NMI

In other NMI news, EVP Robert Owen Smith sold 12,000 shares of the stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $44.65, for a total transaction of $535,800.00. Following the sale, the executive vice president directly owned 96,381 shares in the company, valued at $4,303,411.65. This represents a 11.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Aurora Swithenbank sold 11,662 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $44.51, for a total transaction of $519,075.62. Following the completion of the transaction, the executive vice president directly owned 50,734 shares in the company, valued at approximately $2,258,170.34. This represents a 18.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 2.44% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its stake in NMI by 0.8% during the first quarter. Dimensional Fund Advisors LP now owns 4,351,808 shares of the financial services provider’s stock worth $163,237,000 after purchasing an additional 34,372 shares during the last quarter. California State Teachers Retirement System increased its stake in shares of NMI by 3,887.9% in the 2nd quarter. California State Teachers Retirement System now owns 3,547,752 shares of the financial services provider’s stock valued at $145,777,000 after purchasing an additional 3,458,790 shares during the last quarter. Van Berkom & Associates Inc. increased its stake in shares of NMI by 5.6% in the 4th quarter. Van Berkom & Associates Inc. now owns 2,016,030 shares of the financial services provider’s stock valued at $82,234,000 after purchasing an additional 106,400 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of NMI by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 1,982,722 shares of the financial services provider’s stock valued at $80,887,000 after purchasing an additional 5,274 shares during the last quarter. Finally, Bank of America Corp DE raised its holdings in shares of NMI by 22.7% during the 1st quarter. Bank of America Corp DE now owns 1,304,633 shares of the financial services provider’s stock worth $48,937,000 after buying an additional 241,724 shares in the last quarter. 94.12% of the stock is currently owned by institutional investors and hedge funds.

NMI Stock Performance

NASDAQ NMIH opened at $45.47 on Tuesday. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $3.42 billion, a P/E ratio of 8.95, a P/E/G ratio of 1.22 and a beta of 0.53. NMI has a 12-month low of $34.84 and a 12-month high of $46.74. The firm has a 50-day moving average price of $42.35 and a two-hundred day moving average price of $39.76.

NMI (NASDAQ:NMIH) last announced its earnings results on Thursday, July 30th. The financial services provider reported $1.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.28 by $0.10. NMI had a net margin of 54.10% and a return on equity of 15.13%. The firm had revenue of $187.89 million for the quarter, compared to analyst estimates of $156.26 million. During the same quarter in the prior year, the business posted $1.22 EPS. The business’s revenue was up 8.1% compared to the same quarter last year. Analysts anticipate that NMI will post 5.25 earnings per share for the current year.

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.