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

NMI Holdings Inc (NASDAQ:NMIH) has earned an average recommendation of “Moderate Buy” from the six analysts that are presently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $43.00.

A number of brokerages recently commented on NMIH. Keefe, Bruyette & Woods raised NMI from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $46.00 to $48.00 in a report on Thursday, December 18th. JPMorgan Chase & Co. upped their price target on NMI from $42.00 to $43.00 and gave the stock an “overweight” rating in a research report on Monday, January 12th. Barclays raised their price objective on NMI from $43.00 to $44.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 6th. Weiss Ratings reiterated a “buy (b)” rating on shares of NMI in a research note on Thursday, January 22nd. Finally, UBS Group set a $43.00 target price on shares of NMI in a report on Monday, January 12th.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Royal Bank of Canada increased its stake in NMI by 20.4% in the 1st quarter. Royal Bank of Canada now owns 117,065 shares of the financial services provider’s stock worth $4,221,000 after buying an additional 19,857 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of NMI by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,684 shares of the financial services provider’s stock worth $1,683,000 after acquiring an additional 2,030 shares during the period. NewEdge Advisors LLC purchased a new stake in shares of NMI during the first quarter worth about $256,000. Ashton Thomas Private Wealth LLC purchased a new stake in shares of NMI during the first quarter worth about $203,000. Finally, Jane Street Group LLC raised its stake in NMI by 1,312.9% during the 1st quarter. Jane Street Group LLC now owns 224,152 shares of the financial services provider’s stock valued at $8,081,000 after purchasing an additional 208,287 shares during the period. Hedge funds and other institutional investors own 94.12% of the company’s stock.

NMI Stock Performance

NMIH opened at $40.03 on Wednesday. The company’s 50 day moving average is $39.79 and its 200 day moving average is $38.62. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.16. The company has a market cap of $3.04 billion, a price-to-earnings ratio of 8.15, a PEG ratio of 1.10 and a beta of 0.64. NMI has a 12-month low of $31.90 and a 12-month high of $43.20.

NMI (NASDAQ:NMIH) last released its quarterly earnings results on Tuesday, February 10th. The financial services provider reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.17 by $0.03. The business had revenue of $180.74 million for the quarter, compared to the consensus estimate of $180.69 million. NMI had a net margin of 55.05% and a return on equity of 15.78%. During the same period last year, the firm earned $1.07 earnings per share. On average, equities research analysts predict that NMI will post 4.62 EPS 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.