NMI Holdings Inc (NMIH) Given Average Recommendation of “Buy” by Analysts

NMI Holdings Inc (NASDAQ:NMIH) has received a consensus recommendation of “Buy” from the eleven brokerages that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $15.93.

Several analysts have recently weighed in on the company. B. Riley restated a “buy” rating on shares of NMI in a report on Monday, November 6th. BidaskClub upgraded NMI from a “sell” rating to a “hold” rating in a report on Wednesday, August 9th. Keefe, Bruyette & Woods upgraded NMI from a “market perform” rating to an “outperform” rating in a report on Tuesday, September 5th. Zacks Investment Research upgraded NMI from a “hold” rating to a “strong-buy” rating and set a $15.00 price target on the stock in a report on Saturday, October 14th. Finally, Compass Point reaffirmed a “neutral” rating and issued a $13.00 price objective on shares of NMI in a research note on Saturday, October 14th.

In other NMI news, EVP Patrick L. Mathis sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $16.99, for a total value of $169,900.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Julie Norberg sold 16,600 shares of the business’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $16.73, for a total value of $277,718.00. Following the completion of the transaction, the vice president now directly owns 32,305 shares in the company, valued at $540,462.65. The disclosure for this sale can be found here. 5.40% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently modified their holdings of NMIH. California Public Employees Retirement System acquired a new position in NMI in the first quarter valued at approximately $239,000. Vanguard Group Inc. lifted its stake in NMI by 8.3% in the first quarter. Vanguard Group Inc. now owns 2,330,204 shares of the financial services provider’s stock valued at $26,565,000 after buying an additional 179,396 shares during the period. Geode Capital Management LLC lifted its stake in NMI by 8.4% in the first quarter. Geode Capital Management LLC now owns 450,993 shares of the financial services provider’s stock valued at $5,141,000 after buying an additional 35,013 shares during the period. Dimensional Fund Advisors LP lifted its stake in NMI by 22.0% in the first quarter. Dimensional Fund Advisors LP now owns 1,998,134 shares of the financial services provider’s stock valued at $22,778,000 after buying an additional 360,867 shares during the period. Finally, Schwab Charles Investment Management Inc. lifted its stake in NMI by 14.1% in the first quarter. Schwab Charles Investment Management Inc. now owns 230,237 shares of the financial services provider’s stock valued at $2,625,000 after buying an additional 28,399 shares during the period. 83.50% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NMI (NASDAQ:NMIH) opened at $17.15 on Friday. The firm has a market capitalization of $1,030.00, a PE ratio of 29.47 and a beta of 0.75. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.24 and a current ratio of 0.24. NMI has a twelve month low of $8.65 and a twelve month high of $17.40.

NMI (NASDAQ:NMIH) last released its quarterly earnings results on Wednesday, November 1st. The financial services provider reported $0.20 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.06. The company had revenue of $48.95 million for the quarter, compared to analysts’ expectations of $45.79 million. NMI had a return on equity of 6.95% and a net margin of 51.80%. The business’s quarterly revenue was up 37.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.10 earnings per share. research analysts anticipate that NMI will post 0.56 EPS for the current year.

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NMI Company Profile

NMI Holdings, Inc (NMIH) provides private mortgage guaranty insurance through its insurance subsidiaries. The Company’s primary insurance subsidiary, National Mortgage Insurance Corporation (NMIC), is a mortgage insurance (MI) provider on loans purchased by the Government-sponsored enterprises (GSEs).

Analyst Recommendations for NMI (NASDAQ:NMIH)

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