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

Shares of NMI Holdings Inc (NASDAQ:NMIH) have earned an average rating of “Moderate Buy” from the five brokerages that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $44.80.

Several analysts have recently issued reports on the stock. Barclays lowered their price objective on shares of NMI from $44.00 to $43.00 and set an “equal weight” rating for the company in a research note on Monday, April 6th. Royal Bank Of Canada began coverage on NMI in a research report on Friday, May 22nd. They issued an “outperform” rating and a $46.00 target price on the stock. Keefe, Bruyette & Woods reduced their target price on NMI from $50.00 to $46.00 and set an “outperform” rating on the stock in a report on Monday, May 4th. JPMorgan Chase & Co. dropped their price target on NMI from $44.00 to $43.00 and set an “overweight” rating for the company in a research note on Thursday, April 9th. Finally, UBS Group set a $46.00 price objective on NMI in a report on Friday, May 22nd.

Insider Activity at NMI

In other news, Director Michael Curry Montgomery sold 1,554 shares of the firm’s stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $37.90, for a total value of $58,896.60. Following the transaction, the director owned 69,026 shares of the company’s stock, valued at approximately $2,616,085.40. This trade represents a 2.20% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Bradley M. Shuster sold 19,430 shares of NMI stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $38.91, for a total transaction of $756,021.30. Following the transaction, the chairman owned 415,411 shares in the company, valued at $16,163,642.01. The trade was a 4.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 77,909 shares of company stock worth $2,920,756 in the last 90 days. 2.44% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Public Sector Pension Investment Board grew its stake in shares of NMI by 5.4% in the third quarter. Public Sector Pension Investment Board now owns 597,447 shares of the financial services provider’s stock valued at $22,906,000 after buying an additional 30,341 shares in the last quarter. Tudor Investment Corp ET AL raised its holdings in shares of NMI by 62.6% during the 3rd quarter. Tudor Investment Corp ET AL now owns 368,840 shares of the financial services provider’s stock valued at $14,141,000 after buying an additional 142,065 shares during the period. Teacher Retirement System of Texas lifted its position in NMI by 22.9% during the 4th quarter. Teacher Retirement System of Texas now owns 187,189 shares of the financial services provider’s stock worth $7,635,000 after acquiring an additional 34,907 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in NMI by 0.7% during 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 acquiring an additional 31,570 shares in the last quarter. Finally, AlphaQuest LLC boosted its holdings in NMI by 188.3% in the 3rd quarter. AlphaQuest LLC now owns 93,577 shares of the financial services provider’s stock worth $3,588,000 after acquiring an additional 61,116 shares during the period. Institutional investors and hedge funds own 94.12% of the company’s stock.

NMI Trading Down 1.6%

Shares of NMIH stock opened at $36.28 on Friday. The firm’s 50-day simple moving average is $38.33 and its 200-day simple moving average is $38.78. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.63 and a quick ratio of 0.63. NMI has a 1-year low of $34.84 and a 1-year high of $43.20. The firm has a market cap of $2.76 billion, a P/E ratio of 7.39, a PEG ratio of 1.28 and a beta of 0.59.

NMI (NASDAQ:NMIH) last released its earnings results on Thursday, April 30th. The financial services provider reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.22 by $0.06. The firm had revenue of $183.48 million during the quarter, compared to the consensus estimate of $153.99 million. NMI had a net margin of 53.82% and a return on equity of 15.18%. NMI’s revenue was up 5.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.28 earnings per share. As a group, equities analysts forecast that NMI will post 5.12 EPS for the current 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.