NMI’s (NMIH) Market Perform Rating Reiterated at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods reissued their market perform rating on shares of NMI (NASDAQ:NMIH) in a report released on Monday morning, MarketBeat Ratings reports. The brokerage currently has a $47.00 price target on the financial services provider’s stock.

Other research analysts also recently issued reports about the stock. Weiss Ratings raised shares of NMI from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, June 12th. Royal Bank Of Canada initiated coverage on shares of NMI in a research report on Friday, May 22nd. They issued an “outperform” rating and a $46.00 target price for the company. UBS Group set a $46.00 target price on shares of NMI in a research note on Friday, May 22nd. JPMorgan Chase & Co. boosted their price target on shares of NMI from $48.00 to $50.00 and gave the company an “overweight” rating in a report on Friday, July 31st. Finally, Barclays dropped their price target on shares of NMI from $44.00 to $43.00 and set an “equal weight” rating on the stock in a research note on Monday, April 6th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, NMI currently has an average rating of “Moderate Buy” and a consensus target price of $48.33.

NMI Stock Up 1.1%

NMIH stock opened at $44.94 on Monday. NMI has a 52-week low of $34.84 and a 52-week high of $46.74. The company’s 50 day simple moving average is $40.07 and its 200-day simple moving average is $39.14. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.65 and a quick ratio of 0.63. The firm has a market capitalization of $3.38 billion, a P/E ratio of 8.85, a P/E/G ratio of 1.21 and a beta of 0.54.

NMI (NASDAQ:NMIH) last announced its earnings results on Thursday, July 30th. The financial services provider reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.10. NMI had a net margin of 54.10% and a return on equity of 15.13%. The company had revenue of $187.89 million for the quarter, compared to the consensus estimate of $156.26 million. During the same period in the previous year, the business earned $1.22 EPS. The company’s revenue was up 8.1% on a year-over-year basis. As a group, equities research analysts anticipate that NMI will post 5.19 EPS for the current year.

Insider Activity at NMI

In other NMI news, Director Michael Curry Montgomery sold 1,554 shares of the company’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $37.90, for a total transaction of $58,896.60. Following the completion of the sale, the director directly owned 69,026 shares in the company, valued at $2,616,085.40. This represents a 2.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Robert Owen Smith sold 12,000 shares of the stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $44.65, for a total value of $535,800.00. Following the sale, the executive vice president owned 96,381 shares of the company’s stock, valued at approximately $4,303,411.65. The trade was a 11.07% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 2.44% of the company’s stock.

Hedge Funds Weigh In On NMI

Institutional investors and hedge funds have recently bought and sold shares of the stock. Bessemer Group Inc. grew its holdings in shares of NMI by 34.0% in the 1st quarter. Bessemer Group Inc. now owns 1,071 shares of the financial services provider’s stock valued at $40,000 after buying an additional 272 shares during the period. Rockefeller Capital Management L.P. raised its stake in NMI by 35.0% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,160 shares of the financial services provider’s stock worth $47,000 after buying an additional 301 shares during the period. Evolve Private Wealth LLC raised its stake in NMI by 1.6% during the 1st quarter. Evolve Private Wealth LLC now owns 19,525 shares of the financial services provider’s stock worth $732,000 after buying an additional 302 shares during the period. GAMMA Investing LLC raised its stake in NMI by 11.6% during the 2nd quarter. GAMMA Investing LLC now owns 2,989 shares of the financial services provider’s stock worth $123,000 after buying an additional 310 shares during the period. Finally, California State Teachers Retirement System lifted its holdings 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 worth $2,958,000 after acquiring an additional 328 shares in the last quarter. Institutional investors own 94.12% of the company’s stock.

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.