NMI Holdings, Inc. (NASDAQ:NMIH) Receives $28.92 Average Target Price from Analysts

NMI Holdings, Inc. (NASDAQ:NMIH) has been assigned an average rating of “Buy” from the nine brokerages that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $28.92.

A number of equities research analysts have weighed in on the company. B. Riley reaffirmed a “buy” rating on shares of NMI in a report on Tuesday, July 6th. Deutsche Bank Aktiengesellschaft lifted their price objective on NMI from $27.00 to $30.00 and gave the company a “buy” rating in a report on Wednesday, May 5th. Citigroup lifted their price objective on NMI from $29.00 to $32.00 in a report on Wednesday, May 5th. BTIG Research reaffirmed a “buy” rating on shares of NMI in a report on Tuesday, June 8th. Finally, lifted their price objective on NMI from $29.00 to $32.00 in a report on Wednesday, May 5th.

Shares of NMIH opened at $21.27 on Monday. NMI has a 12-month low of $13.55 and a 12-month high of $26.82. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $1.82 billion, a price-to-earnings ratio of 10.74 and a beta of 1.70. The firm’s 50-day moving average price is $23.18.

NMI (NASDAQ:NMIH) last issued its quarterly earnings results on Tuesday, May 4th. The financial services provider reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.02. The firm had revenue of $115.19 million for the quarter, compared to analyst estimates of $113.50 million. NMI had a return on equity of 13.12% and a net margin of 37.70%. The company’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.75 earnings per share. On average, equities research analysts expect that NMI will post 2.57 earnings per share for the current fiscal year.

In other NMI news, COO Patrick L. Mathis sold 23,157 shares of the company’s stock in a transaction on Thursday, May 20th. The stock was sold at an average price of $23.80, for a total transaction of $551,136.60. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Chairman Bradley M. Shuster sold 36,604 shares of the company’s stock in a transaction on Friday, April 23rd. The stock was sold at an average price of $24.12, for a total value of $882,888.48. The disclosure for this sale can be found here. Insiders sold a total of 64,784 shares of company stock worth $1,560,828 over the last three months. 2.70% of the stock is owned by company insiders.

Large investors have recently bought and sold shares of the business. Global Retirement Partners LLC acquired a new position in NMI during the 1st quarter worth $27,000. Vantage Consulting Group Inc acquired a new position in NMI during the 4th quarter worth $38,000. Captrust Financial Advisors lifted its holdings in NMI by 1,657.0% during the 1st quarter. Captrust Financial Advisors now owns 2,899 shares of the financial services provider’s stock worth $69,000 after buying an additional 2,734 shares in the last quarter. Advisors Asset Management Inc. lifted its holdings in NMI by 15.8% during the 1st quarter. Advisors Asset Management Inc. now owns 4,866 shares of the financial services provider’s stock worth $115,000 after buying an additional 665 shares in the last quarter. Finally, Arlington Partners LLC acquired a new position in NMI during the 1st quarter worth $116,000. 92.07% of the stock is currently owned by hedge funds and other institutional investors.

About NMI

NMI Holdings, Inc, through its subsidiaries, provides private mortgage guaranty insurance services in the United States. The company offers mortgage insurance services; and outsourced loan review services to mortgage loan originators. It serves national and regional mortgage banks, money center banks, credit unions, community banks, builder-owned mortgage lenders, internet-sourced lenders, and other non-bank lenders.

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Analyst Recommendations for NMI (NASDAQ:NMIH)

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