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

Shares of NMI Holdings Inc (NASDAQ:NMIH) have received an average recommendation of “Moderate Buy” from the six brokerages that are presently covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $41.20.

NMIH has been the subject of a number of recent research reports. Barclays reiterated a “cautious” rating on shares of NMI in a research note on Monday, October 6th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of NMI in a research report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. cut their price objective on shares of NMI from $43.00 to $42.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 5th.

NMI Price Performance

Shares of NMIH opened at $37.50 on Friday. NMI has a fifty-two week low of $31.90 and a fifty-two week high of $43.20. The firm’s 50-day simple moving average is $37.00 and its two-hundred day simple moving average is $38.59. The stock has a market cap of $2.88 billion, a PE ratio of 7.85, a price-to-earnings-growth ratio of 1.19 and a beta of 0.66. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.86 and a current ratio of 0.86.

NMI (NASDAQ:NMIH) last issued its quarterly earnings results on Tuesday, November 4th. The financial services provider reported $1.21 EPS for the quarter, hitting analysts’ consensus estimates of $1.21. The firm had revenue of $171.56 million for the quarter, compared to analysts’ expectations of $177.01 million. NMI had a return on equity of 16.08% and a net margin of 55.02%.The business’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.15 EPS. Analysts anticipate that NMI will post 4.62 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Steven Scheid sold 19,926 shares of the company’s stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $39.31, for a total value of $783,291.06. Following the transaction, the director directly owned 78,960 shares of the company’s stock, valued at approximately $3,103,917.60. This represents a 20.15% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Michael J. Embler sold 20,000 shares of the stock in a transaction on Wednesday, November 19th. The shares were sold at an average price of $36.90, for a total value of $738,000.00. Following the sale, the director owned 46,046 shares in the company, valued at approximately $1,699,097.40. This represents a 30.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 3.00% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of NMIH. Dimensional Fund Advisors LP increased its holdings in NMI by 0.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 4,288,867 shares of the financial services provider’s stock worth $164,437,000 after buying an additional 31,570 shares in the last quarter. American Century Companies Inc. lifted its stake in NMI by 5.8% during the 3rd quarter. American Century Companies Inc. now owns 2,379,801 shares of the financial services provider’s stock valued at $91,242,000 after acquiring an additional 130,002 shares during the period. Geode Capital Management LLC boosted its holdings in shares of NMI by 0.3% during the 2nd quarter. Geode Capital Management LLC now owns 1,966,970 shares of the financial services provider’s stock valued at $82,996,000 after acquiring an additional 5,628 shares during the last quarter. Van Berkom & Associates Inc. grew its stake in shares of NMI by 0.4% in the third quarter. Van Berkom & Associates Inc. now owns 1,909,630 shares of the financial services provider’s stock worth $73,215,000 after acquiring an additional 7,973 shares during the period. Finally, Millennium Management LLC raised its holdings in shares of NMI by 209.9% during the first quarter. Millennium Management LLC now owns 1,432,950 shares of the financial services provider’s stock valued at $51,658,000 after purchasing an additional 970,551 shares during the last quarter. 94.12% of the stock is owned by institutional investors.

About NMI

NMI Holdings, Inc provides private mortgage guaranty insurance services in the United States. The company offers mortgage insurance services, such as primary and pool insurance; and outsourced loan review services to mortgage loan originators. It serves national and regional mortgage banks, money center banks, credit unions, community banks, builder-owned mortgage lenders, internet-sourced lenders, and other non-bank lenders.