Zacks Research Has Optimistic Outlook of NMI FY2024 Earnings

NMI Holdings, Inc. (NASDAQ:NMIH) – Analysts at Zacks Research increased their FY2024 EPS estimates for NMI in a research report issued to clients and investors on Wednesday, November 27th. Zacks Research analyst R. Department now forecasts that the financial services provider will post earnings per share of $4.52 for the year, up from their prior estimate of $4.47. The consensus estimate for NMI’s current full-year earnings is $4.54 per share. Zacks Research also issued estimates for NMI’s Q1 2025 earnings at $1.14 EPS, Q2 2025 earnings at $1.16 EPS, Q4 2025 earnings at $1.24 EPS, FY2025 earnings at $4.73 EPS, Q1 2026 earnings at $1.26 EPS, Q2 2026 earnings at $1.27 EPS, Q3 2026 earnings at $1.25 EPS and FY2026 earnings at $5.07 EPS.

Several other equities analysts have also weighed in on the company. Royal Bank of Canada cut their target price on NMI from $48.00 to $47.00 and set an “outperform” rating on the stock in a research note on Thursday, November 7th. StockNews.com downgraded shares of NMI from a “buy” rating to a “hold” rating in a research report on Wednesday, August 21st. Barclays boosted their price objective on shares of NMI from $43.00 to $48.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. Finally, JPMorgan Chase & Co. increased their target price on shares of NMI from $42.00 to $46.00 and gave the stock an “overweight” rating in a report on Monday, October 7th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $43.29.

NMI Stock Performance

NMIH stock opened at $40.21 on Monday. NMI has a twelve month low of $27.25 and a twelve month high of $42.49. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.19. The company has a market cap of $3.18 billion, a P/E ratio of 9.20, a price-to-earnings-growth ratio of 0.98 and a beta of 1.10. The business’s fifty day moving average is $39.51 and its 200-day moving average is $37.62.

Institutional Investors Weigh In On NMI

Several institutional investors have recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD lifted its stake in NMI by 5.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 57,639 shares of the financial services provider’s stock valued at $1,865,000 after acquiring an additional 3,057 shares in the last quarter. CWM LLC grew its position in NMI by 92.7% in the second quarter. CWM LLC now owns 2,974 shares of the financial services provider’s stock valued at $101,000 after purchasing an additional 1,431 shares in the last quarter. Opal Wealth Advisors LLC bought a new position in NMI in the second quarter valued at $29,000. Diversified Trust Co increased its stake in NMI by 6.7% in the 2nd quarter. Diversified Trust Co now owns 27,762 shares of the financial services provider’s stock valued at $945,000 after buying an additional 1,733 shares during the last quarter. Finally, Financial Strategies Group Inc. lifted its position in NMI by 77.1% during the 2nd quarter. Financial Strategies Group Inc. now owns 11,516 shares of the financial services provider’s stock worth $396,000 after buying an additional 5,013 shares in the last quarter. 94.12% of the stock is owned by institutional investors.

NMI Company Profile

NMI Holdings, Inc provides private mortgage guaranty insurance services in the United States. The company offers mortgage insurance services, such as primary and pool insurance; 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.