Barclays Issues Pessimistic Forecast for NMI (NASDAQ:NMIH) Stock Price

NMI (NASDAQ:NMIH) had its target price cut by equities researchers at Barclays from $43.00 to $42.00 in a research note issued on Friday, Benzinga reports. The brokerage presently has an “equal weight” rating on the financial services provider’s stock. Barclays‘s target price would suggest a potential upside of 7.61% from the company’s previous close.

Other equities analysts have also issued research reports about the stock. JPMorgan Chase & Co. decreased their price target on shares of NMI from $50.00 to $45.00 and set an “overweight” rating on the stock in a report on Monday, October 12th. Weiss Ratings cut shares of NMI from a “buy (b+)” rating to a “buy (b)” rating in a research report on Tuesday. Bank of America downgraded shares of NMI from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $51.00 to $44.00 in a report on Friday, October 30th. Keefe, Bruyette & Woods lowered shares of NMI from an “outperform” rating to a “market perform” rating and set a $47.00 target price for the company. in a research report on Monday, August 3rd. Finally, Truist Financial increased their target price on NMI from $49.00 to $51.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $47.75.

NMI Stock Down 11.8%

Shares of NASDAQ NMIH opened at $39.03 on Friday. NMI has a 12 month low of $35.12 and a 12 month high of $46.74. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $2.94 billion, a price-to-earnings ratio of 7.67, a PEG ratio of 1.27 and a beta of 0.52. The business has a 50-day moving average of $42.02 and a 200-day moving average of $40.37.

NMI (NASDAQ:NMIH) last announced its earnings results on Thursday, November 5th. The financial services provider reported $1.23 earnings per share for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.07). The company had revenue of $187.55 million during the quarter, compared to analysts’ expectations of $159.20 million. NMI had a net margin of 53.11% and a return on equity of 14.87%. During the same period in the prior year, the business earned $1.21 earnings per share. Sell-side analysts expect that NMI will post 5.26 earnings per share for the current fiscal year.

Insider Buying and Selling at NMI

In other news, EVP Aurora Swithenbank sold 11,662 shares of NMI stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $44.51, for a total value of $519,075.62. Following the sale, the executive vice president directly owned 50,734 shares in the company, valued at approximately $2,258,170.34. This trade represents a 18.69% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Adam Pollitzer sold 172,706 shares of NMI stock in a transaction on Friday, September 4th. The shares were sold at an average price of $44.85, for a total transaction of $7,745,864.10. Following the completion of the sale, the chief executive officer owned 270,267 shares in the company, valued at approximately $12,121,474.95. This trade represents a 38.99% decrease in their position. 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

Large investors have recently bought and sold shares of the business. R Squared Ltd boosted its stake in NMI by 93.4% in the 3rd quarter. R Squared Ltd now owns 15,781 shares of the financial services provider’s stock worth $589,000 after purchasing an additional 7,621 shares in the last quarter. Maryland State Retirement & Pension System raised its holdings in NMI by 53.3% in the third quarter. Maryland State Retirement & Pension System now owns 16,919 shares of the financial services provider’s stock worth $631,000 after buying an additional 5,881 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of NMI by 4.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 12,790 shares of the financial services provider’s stock worth $487,000 after buying an additional 570 shares in the last quarter. Brighton Jones LLC lifted its stake in shares of NMI by 23.0% in the third quarter. Brighton Jones LLC now owns 8,762 shares of the financial services provider’s stock worth $327,000 after buying an additional 1,637 shares in the last quarter. Finally, Ethic Inc. purchased a new stake in shares of NMI during the third quarter valued at approximately $203,000. 94.12% of the stock is owned by hedge funds and other institutional investors.

NMI News Summary

Here are the key news stories impacting NMI this week:

• Positive Sentiment: Portfolio growth and stronger investment income provided some support, helping offset pressure from claims and expenses. NMIH Q3 Earnings Miss Estimates on Higher Claims and Costs
• Neutral Sentiment: EPS was $1.23, slightly above the $1.21 reported a year earlier, though it fell short of analyst expectations. NMI Holdings Q3 Earnings and Revenues Lag Estimates
• Negative Sentiment: Quarterly earnings missed consensus as higher claims and costs weighed on results—an important concern for investors despite business growth. NMIH Q3 Earnings Miss Estimates on Higher Claims and Costs
• Negative Sentiment: Barclays cut its price target from $43 to $42 and maintained an “equal weight” rating, signaling limited conviction in near-term upside. Barclays stock recommendations

About NMI

NMI Holdings, Inc (NASDAQ: NMIH) is the parent company of National MI, a U.S.-based provider of private mortgage insurance. Through its insurance subsidiaries, the company helps lenders manage the risk associated with residential mortgage loans, particularly loans made to borrowers with down payments below traditional thresholds.

National MI primarily offers private mortgage insurance for residential purchase and refinance transactions. Its products are designed for mortgage lenders, banks, credit unions and other housing-finance institutions, helping them expand access to homeownership while transferring a portion of potential credit risk.