NMI Holdings Inc (NASDAQ:NMIH) Receives $48.33 Consensus PT from Analysts

Shares of NMI Holdings Inc (NASDAQ:NMIH) have been assigned a consensus recommendation of “Moderate Buy” from the six research firms that are covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $48.3333.

NMIH has been the topic of several research analyst reports. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $53.00 price objective on shares of NMI in a research note on Tuesday, August 4th. Weiss Ratings upgraded shares of NMI from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, June 12th. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $47.00 target price on shares of NMI in a report on Monday, August 3rd. UBS Group set a $46.00 price target on NMI in a research report on Friday, May 22nd. Finally, Truist Financial raised their price target on NMI from $49.00 to $51.00 and gave the company a “buy” rating in a report on Friday, July 31st.

NMI Stock Down 1.0%

Shares of NASDAQ:NMIH opened at $44.35 on Tuesday. NMI has a 52 week low of $34.84 and a 52 week high of $46.74. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.65 and a current ratio of 0.65. The company’s fifty day moving average is $43.07 and its 200-day moving average is $39.91. The company has a market capitalization of $3.34 billion, a PE ratio of 8.73, a P/E/G ratio of 1.21 and a beta of 0.53.

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, topping analysts’ consensus estimates of $1.28 by $0.10. NMI had a net margin of 54.10% and a return on equity of 15.13%. The business had revenue of $187.89 million during the quarter, compared to analysts’ expectations of $156.26 million. During the same quarter last year, the company posted $1.22 EPS. The firm’s revenue for the quarter was up 8.1% on a year-over-year basis. Equities research analysts predict that NMI will post 5.25 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Robert Owen Smith sold 12,000 shares of the firm’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $44.65, for a total value of $535,800.00. Following the completion of the sale, the executive vice president directly owned 96,381 shares in the company, valued at approximately $4,303,411.65. This trade represents a 11.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Aurora Swithenbank sold 11,662 shares of NMI stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $44.51, for a total value of $519,075.62. Following the completion of the transaction, the executive vice president directly owned 50,734 shares of the company’s stock, valued at $2,258,170.34. This represents a 18.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 2.44% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in NMIH. Allworth Financial LP increased its holdings in shares of NMI by 196.0% in the third quarter. Allworth Financial LP now owns 660 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 437 shares in the last quarter. Nykredit A S bought a new stake in NMI in the second quarter valued at approximately $31,000. IFP Advisors Inc increased its position in shares of NMI by 189.5% in the 4th quarter. IFP Advisors Inc now owns 796 shares of the financial services provider’s stock valued at $32,000 after buying an additional 521 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of NMI in the second quarter worth about $36,000. Finally, Pacer Advisors Inc. increased its stake in NMI by 58.7% during the 1st quarter. Pacer Advisors Inc. now owns 1,006 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 372 shares in the last quarter. Institutional investors and hedge funds own 94.12% of the company’s stock.

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.