Brokerages Set NMI Holdings Inc (NASDAQ:NMIH) PT at $42.20

Shares of NMI Holdings Inc (NASDAQ:NMIH) have been given an average rating of “Moderate Buy” by the six analysts that are currently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $42.20.

Several equities research analysts recently commented on the company. Barclays reaffirmed a “cautious” rating on shares of NMI in a research note on Monday, October 6th. JPMorgan Chase & Co. reduced their price objective on shares of NMI from $43.00 to $42.00 and set an “overweight” rating for the company in a research report on Wednesday, November 5th. 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, Weiss Ratings reissued a “buy (b)” rating on shares of NMI in a research note on Wednesday, October 8th.

NMI Stock Down 1.0%

Shares of NMIH opened at $40.79 on Tuesday. The company has a market capitalization of $3.14 billion, a PE ratio of 8.53, a PEG ratio of 1.27 and a beta of 0.66. The stock’s 50-day moving average price is $38.46 and its two-hundred day moving average price is $38.75. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.17. NMI has a 12 month low of $31.90 and a 12 month high of $43.20.

NMI (NASDAQ:NMIH) last released its earnings results on Tuesday, November 4th. The financial services provider reported $1.21 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.21. NMI had a net margin of 55.02% and a return on equity of 16.08%. The business had revenue of $171.56 million during the quarter, compared to the consensus estimate of $177.01 million. During the same quarter in the prior year, the firm posted $1.15 EPS. The company’s revenue for the quarter was up 7.6% compared to the same quarter last year. On average, analysts anticipate that NMI will post 4.62 EPS for the current year.

Insider Activity

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its holdings in shares of NMI by 0.7% during the third quarter. Dimensional Fund Advisors LP now owns 4,288,867 shares of the financial services provider’s stock valued at $164,437,000 after acquiring an additional 31,570 shares in the last quarter. American Century Companies Inc. grew its position in NMI by 5.8% in the 3rd quarter. American Century Companies Inc. now owns 2,379,801 shares of the financial services provider’s stock valued at $91,242,000 after purchasing an additional 130,002 shares during the period. Geode Capital Management LLC increased its stake in NMI by 0.3% during the 2nd quarter. Geode Capital Management LLC now owns 1,966,970 shares of the financial services provider’s stock valued at $82,996,000 after purchasing an additional 5,628 shares in the last quarter. Van Berkom & Associates Inc. raised its holdings in NMI by 0.4% during the third quarter. Van Berkom & Associates Inc. now owns 1,909,630 shares of the financial services provider’s stock worth $73,215,000 after buying an additional 7,973 shares during the last quarter. Finally, Millennium Management LLC raised its holdings in NMI by 209.9% during the first quarter. Millennium Management LLC now owns 1,432,950 shares of the financial services provider’s stock worth $51,658,000 after buying an additional 970,551 shares during the last quarter. Institutional investors 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.