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

NMI Holdings Inc (NASDAQ:NMIH) has earned a consensus rating of “Moderate Buy” from the six ratings firms that are currently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $43.00.

A number of research firms recently weighed in on NMIH. UBS Group set a $43.00 price target on shares of NMI in a report on Monday, January 12th. JPMorgan Chase & Co. upped their price objective on shares of NMI from $42.00 to $43.00 and gave the company an “overweight” rating in a research report on Monday, January 12th. Barclays lifted their target price on NMI from $43.00 to $44.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 6th. Keefe, Bruyette & Woods raised NMI from a “market perform” rating to an “outperform” rating and increased their price target for the company from $46.00 to $48.00 in a report on Thursday, December 18th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of NMI in a research note on Wednesday, October 8th.

Insider Buying and Selling at NMI

In other news, Director Michael J. Embler sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $36.90, for a total transaction of $738,000.00. Following the completion of the sale, the director owned 46,046 shares of the company’s stock, valued at approximately $1,699,097.40. This trade represents a 30.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 3.00% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. boosted its position in NMI by 4.1% during the second quarter. PNC Financial Services Group Inc. now owns 6,661 shares of the financial services provider’s stock valued at $281,000 after purchasing an additional 264 shares during the last quarter. Arizona State Retirement System grew its stake in shares of NMI by 1.2% in the 3rd quarter. Arizona State Retirement System now owns 23,099 shares of the financial services provider’s stock valued at $886,000 after buying an additional 277 shares in the last quarter. Nisa Investment Advisors LLC grew its stake in shares of NMI by 22.5% in the 3rd quarter. Nisa Investment Advisors LLC now owns 1,572 shares of the financial services provider’s stock valued at $60,000 after buying an additional 289 shares in the last quarter. Harbor Capital Advisors Inc. increased its holdings in NMI by 51.5% in the third quarter. Harbor Capital Advisors Inc. now owns 856 shares of the financial services provider’s stock worth $33,000 after buying an additional 291 shares during the last quarter. Finally, California State Teachers Retirement System raised its position in NMI by 0.5% during the second quarter. California State Teachers Retirement System now owns 70,112 shares of the financial services provider’s stock valued at $2,958,000 after acquiring an additional 328 shares in the last quarter. 94.12% of the stock is currently owned by institutional investors.

NMI Stock Performance

NMI stock opened at $37.74 on Friday. The firm has a market capitalization of $2.90 billion, a PE ratio of 7.90, a price-to-earnings-growth ratio of 1.16 and a beta of 0.66. NMI has a one year low of $31.90 and a one year high of $43.20. The stock’s 50 day moving average price is $39.12 and its 200 day moving average price is $38.44. 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 data on Tuesday, November 4th. The financial services provider reported $1.21 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.21. The company had revenue of $171.56 million during the quarter, compared to the consensus estimate of $177.01 million. NMI had a net margin of 55.02% and a return on equity of 16.08%. NMI’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter last year, the company earned $1.15 earnings per share. As a group, sell-side analysts expect that NMI will post 4.62 EPS for the current fiscal year.

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.