NMI Holdings Inc (NASDAQ:NMIH) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of NMI Holdings Inc (NASDAQ:NMIH) have been given a consensus recommendation of “Moderate Buy” by the six analysts that are presently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $48.3333.

Several research analysts have recently commented on the company. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $47.00 target price on shares of NMI in a research note on Monday, August 3rd. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $53.00 price target on shares of NMI in a report on Tuesday, August 4th. Weiss Ratings raised NMI from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, June 12th. UBS Group set a $46.00 price objective on shares of NMI in a research report on Friday, May 22nd. Finally, JPMorgan Chase & Co. increased their price objective on shares of NMI from $48.00 to $50.00 and gave the company an “overweight” rating in a research report on Friday, July 31st.

Insider Activity

In related news, EVP Robert Owen Smith sold 12,000 shares of the company’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $44.65, for a total value of $535,800.00. Following the transaction, the executive vice president owned 96,381 shares in the company, valued at approximately $4,303,411.65. This represents a 11.07% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Aurora Swithenbank sold 11,662 shares of the company’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $44.51, for a total transaction of $519,075.62. Following the completion of the transaction, the executive vice president owned 50,734 shares in the company, valued at approximately $2,258,170.34. This trade represents a 18.69% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 2.44% of the company’s stock.

Hedge Funds Weigh In On NMI

Several institutional investors and hedge funds have recently made changes to their positions in NMIH. Allworth Financial LP lifted its holdings in NMI by 196.0% during the 3rd quarter. Allworth Financial LP now owns 660 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 437 shares during the last quarter. Nykredit A S acquired a new position in NMI in the 2nd quarter valued at $31,000. IFP Advisors Inc grew its holdings in 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 position in NMI during the 2nd quarter worth $36,000. Finally, Farther Finance Advisors LLC increased its position in NMI by 161.5% during the 4th quarter. Farther Finance Advisors LLC now owns 1,004 shares of the financial services provider’s stock worth $41,000 after buying an additional 620 shares during the period. Institutional investors and hedge funds own 94.12% of the company’s stock.

NMI Trading Up 0.7%

NMI stock opened at $45.47 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 stock has a market capitalization of $3.42 billion, a P/E ratio of 8.95, a PEG ratio of 1.22 and a beta of 0.53. The stock has a 50-day simple moving average of $42.35 and a 200 day simple moving average of $39.76.

NMI (NASDAQ:NMIH) last announced its quarterly earnings results on Thursday, July 30th. The financial services provider reported $1.38 earnings per share for the quarter, topping analysts’ consensus estimates of $1.28 by $0.10. NMI had a return on equity of 15.13% and a net margin of 54.10%.The firm had revenue of $187.89 million for the quarter, compared to the consensus estimate of $156.26 million. During the same quarter in the previous year, the business earned $1.22 earnings per share. The business’s revenue was up 8.1% compared to the same quarter last year. Analysts expect that NMI will post 5.25 earnings per share for the current year.

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.