NMI Holdings Inc (NASDAQ:NMIH) Stock Has Average Target Price of $47.75 According to Analysts

Shares of NMI Holdings Inc (NASDAQ:NMIH) have earned an average recommendation of “Moderate Buy” from the eight brokerages that are covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $47.75.

A number of analysts have issued reports on the company. Royal Bank Of Canada reissued an “outperform” rating and issued a $53.00 target price on shares of NMI in a research report on Tuesday, August 4th. BTIG Research assumed coverage on NMI in a research report on Tuesday, September 22nd. They set a “buy” rating and a $54.00 price target on the stock. JPMorgan Chase & Co. dropped their price target on NMI from $50.00 to $45.00 and set an “overweight” rating on the stock in a research report on Monday, October 12th. Truist Financial increased their price target on NMI from $49.00 to $51.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Finally, Keefe, Bruyette & Woods lowered NMI from an “outperform” rating to a “market perform” rating and set a $47.00 price objective for the company. in a report on Monday, August 3rd.

NMI Trading Down 11.8%

Shares of NMIH stock opened at $39.03 on Friday. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.15. The firm has a market cap of $2.94 billion, a P/E ratio of 7.67, a PEG ratio of 1.27 and a beta of 0.52. The company has a 50 day moving average of $42.02 and a 200-day moving average of $40.37. NMI has a 12-month low of $35.12 and a 12-month high of $46.74.

NMI (NASDAQ:NMIH) last posted its quarterly earnings data on Thursday, November 5th. The financial services provider reported $1.23 EPS for the quarter, missing the consensus estimate of $1.30 by ($0.07). NMI had a net margin of 53.11% and a return on equity of 14.87%. The firm had revenue of $187.55 million during the quarter, compared to analysts’ expectations of $159.20 million. During the same quarter in the previous year, the company posted $1.21 EPS. Sell-side analysts anticipate that NMI will post 5.26 earnings per share for the current year.

Insider Activity

In other NMI news, CEO Adam Pollitzer sold 172,706 shares of the company’s stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $44.85, for a total transaction of $7,745,864.10. Following the sale, the chief executive officer directly owned 270,267 shares of the company’s stock, valued at $12,121,474.95. This represents a 38.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Aurora Swithenbank sold 11,662 shares of the stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $44.51, for a total transaction of $519,075.62. Following the transaction, the executive vice president owned 50,734 shares of the company’s stock, valued at $2,258,170.34. This represents a 18.69% decrease in their position. The SEC filing for this sale provides additional information. 2.44% of the stock is owned by corporate insiders.

Institutional Trading of NMI

A number of institutional investors have recently modified their holdings of the business. Nykredit A S bought a new position in NMI in the 2nd quarter worth approximately $31,000. Public Employees Retirement System of Ohio bought a new stake in NMI during the 2nd quarter valued at $36,000. Pacer Advisors Inc. raised its holdings in NMI by 58.7% during the 1st quarter. Pacer Advisors Inc. now owns 1,006 shares of the financial services provider’s stock valued at $38,000 after acquiring an additional 372 shares during the period. Bessemer Group Inc. raised its holdings in NMI by 34.0% during the 1st quarter. Bessemer Group Inc. now owns 1,071 shares of the financial services provider’s stock valued at $40,000 after acquiring an additional 272 shares during the period. Finally, Rockefeller Capital Management L.P. raised its holdings in NMI by 35.0% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,160 shares of the financial services provider’s stock valued at $47,000 after acquiring an additional 301 shares during the period. 94.12% of the stock is currently owned by hedge funds and other institutional investors.

NMI News Roundup

Here are the key news stories impacting NMI this week:

• Positive Sentiment: Portfolio growth and stronger investment income provided some support, helping offset pressure from claims and expenses. NMIH Q3 Earnings Miss Estimates on Higher Claims and Costs
• Neutral Sentiment: EPS was $1.23, slightly above the $1.21 reported a year earlier, though it fell short of analyst expectations. NMI Holdings Q3 Earnings and Revenues Lag Estimates
• Negative Sentiment: Quarterly earnings missed consensus as higher claims and costs weighed on results—an important concern for investors despite business growth. NMIH Q3 Earnings Miss Estimates on Higher Claims and Costs
• Negative Sentiment: Barclays cut its price target from $43 to $42 and maintained an “equal weight” rating, signaling limited conviction in near-term upside. Barclays stock recommendations

About NMI

NMI Holdings, Inc (NASDAQ: NMIH) is the parent company of National MI, a U.S.-based provider of private mortgage insurance. Through its insurance subsidiaries, the company helps lenders manage the risk associated with residential mortgage loans, particularly loans made to borrowers with down payments below traditional thresholds.

National MI primarily offers private mortgage insurance for residential purchase and refinance transactions. Its products are designed for mortgage lenders, banks, credit unions and other housing-finance institutions, helping them expand access to homeownership while transferring a portion of potential credit risk.