NMI (NASDAQ:NMIH) Posts Quarterly Earnings Results, Beats Estimates By $0.03 EPS

NMI (NASDAQ:NMIH) issued its quarterly earnings data on Tuesday. The financial services provider reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.17 by $0.03, FiscalAI reports. NMI had a net margin of 55.02% and a return on equity of 16.08%.

NMI Trading Up 0.6%

NASDAQ:NMIH traded up $0.25 during mid-day trading on Tuesday, hitting $40.19. The company had a trading volume of 439,616 shares, compared to its average volume of 503,120. NMI has a fifty-two week low of $31.90 and a fifty-two week high of $43.20. The firm has a market cap of $3.09 billion, a P/E ratio of 8.41, a P/E/G ratio of 1.23 and a beta of 0.64. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.86 and a current ratio of 0.86. The business’s fifty day moving average is $39.49 and its two-hundred day moving average is $38.51.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on NMIH. Weiss Ratings reiterated a “buy (b)” rating on shares of NMI in a research note on Thursday, January 22nd. JPMorgan Chase & Co. lifted their target price on NMI from $42.00 to $43.00 and gave the company an “overweight” rating in a research note on Monday, January 12th. Barclays increased their price target on NMI from $43.00 to $44.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 6th. Keefe, Bruyette & Woods upgraded shares of NMI from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $46.00 to $48.00 in a research note on Thursday, December 18th. Finally, UBS Group set a $43.00 price objective on shares of NMI in a report on Monday, January 12th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, NMI currently has an average rating of “Moderate Buy” and an average target price of $43.00.

Insider Transactions at NMI

In other news, Director Michael J. Embler sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 19th. The stock was sold at an average price of $36.90, for a total transaction of $738,000.00. Following the sale, the director owned 46,046 shares in the company, valued at $1,699,097.40. This represents a 30.28% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 3.00% of the company’s stock.

Institutional Trading of NMI

A number of large investors have recently bought and sold shares of NMIH. Bank of America Corp DE boosted its stake in NMI by 95.3% in the 3rd quarter. Bank of America Corp DE now owns 1,014,557 shares of the financial services provider’s stock worth $38,898,000 after purchasing an additional 495,144 shares during the period. Qube Research & Technologies Ltd raised its holdings in NMI by 10.8% in the 2nd quarter. Qube Research & Technologies Ltd now owns 758,481 shares of the financial services provider’s stock worth $32,000,000 after purchasing an additional 73,695 shares in the last quarter. Ameriprise Financial Inc. raised its stake in NMI by 85.7% during the third quarter. Ameriprise Financial Inc. now owns 600,139 shares of the financial services provider’s stock valued at $23,009,000 after buying an additional 276,897 shares during the last quarter. Public Sector Pension Investment Board grew its stake in shares of NMI by 4.1% in the second quarter. Public Sector Pension Investment Board now owns 567,106 shares of the financial services provider’s stock worth $23,926,000 after acquiring an additional 22,383 shares during the period. Finally, BNP Paribas Financial Markets increased its stake in shares of NMI by 13.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 485,159 shares of the financial services provider’s stock worth $18,601,000 after purchasing an additional 57,762 shares in the last quarter. 94.12% of the stock is owned by hedge funds and other institutional investors.

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.