Barclays Lowers NMI (NASDAQ:NMIH) Price Target to $43.00

NMI (NASDAQ:NMIH) had its price target cut by equities researchers at Barclays from $44.00 to $43.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has an “equal weight” rating on the financial services provider’s stock. Barclays‘s price target points to a potential upside of 13.89% from the stock’s current price.

NMIH has been the subject of a number of other reports. JPMorgan Chase & Co. lifted their price objective on shares of NMI from $42.00 to $43.00 and gave the stock an “overweight” rating in a research report on Monday, January 12th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of NMI in a research report on Thursday, January 22nd. Keefe, Bruyette & Woods upgraded shares of NMI from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $46.00 to $48.00 in a research note on Thursday, December 18th. Finally, UBS Group set a $43.00 price target on NMI in a research note on Monday, January 12th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $42.80.

NMI Stock Performance

NMIH stock traded up $0.22 during trading hours on Monday, reaching $37.76. The stock had a trading volume of 46,948 shares, compared to its average volume of 474,827. The stock has a market capitalization of $2.88 billion, a PE ratio of 7.69, a price-to-earnings-growth ratio of 1.03 and a beta of 0.64. The stock has a 50-day simple moving average of $38.62 and a 200 day simple moving average of $38.34. NMI has a fifty-two week low of $31.90 and a fifty-two week high of $43.20. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.57 and a quick ratio of 0.57.

NMI (NASDAQ:NMIH) last issued its earnings results on Tuesday, February 10th. The financial services provider reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.03. The business had revenue of $180.74 million during the quarter, compared to the consensus estimate of $180.69 million. NMI had a net margin of 55.05% and a return on equity of 15.78%. During the same period last year, the business posted $1.07 EPS. Analysts predict that NMI will post 4.62 EPS for the current fiscal year.

Insiders Place Their Bets

In other NMI news, EVP Norman Peter Fitzgerald sold 22,500 shares of the firm’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $39.94, for a total value of $898,650.00. Following the sale, the executive vice president owned 32,445 shares of the company’s stock, valued at approximately $1,295,853.30. This trade represents a 40.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Mohammad Nawaz Yousaf sold 16,000 shares of the company’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $39.89, for a total value of $638,240.00. Following the sale, the executive vice president owned 38,733 shares of the company’s stock, valued at approximately $1,545,059.37. This represents a 29.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 189,412 shares of company stock worth $7,357,746 over the last three months. Insiders own 3.00% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of NMIH. Allworth Financial LP raised its stake in shares of NMI by 196.0% during the third quarter. Allworth Financial LP now owns 660 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 437 shares during the last quarter. Maseco LLP bought a new position in NMI during the 4th quarter worth approximately $31,000. IFP Advisors Inc boosted its stake 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 purchasing an additional 521 shares during the last quarter. Harbor Capital Advisors Inc. raised its stake in NMI by 51.5% during the third quarter. Harbor Capital Advisors Inc. now owns 856 shares of the financial services provider’s stock worth $33,000 after buying an additional 291 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its position in NMI by 161.5% during the fourth quarter. Farther Finance Advisors LLC now owns 1,004 shares of the financial services provider’s stock valued at $41,000 after acquiring an additional 620 shares during the last quarter. 94.12% of the stock is currently owned by institutional investors and hedge funds.

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.