Zacks Research Analysts Raise Earnings Estimates for NMI

NMI Holdings Inc (NASDAQ:NMIH) – Research analysts at Zacks Research boosted their Q2 2027 earnings estimates for shares of NMI in a note issued to investors on Friday, November 21st. Zacks Research analyst Team now anticipates that the financial services provider will post earnings of $1.38 per share for the quarter, up from their previous estimate of $1.37. The consensus estimate for NMI’s current full-year earnings is $4.62 per share. Zacks Research also issued estimates for NMI’s Q3 2027 earnings at $1.36 EPS and FY2027 earnings at $5.45 EPS.

A number of other equities analysts also recently issued reports on the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of NMI in a report on Wednesday, October 8th. JPMorgan Chase & Co. reduced their price target 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. Finally, Barclays restated a “cautious” rating on shares of NMI in a research note on Monday, October 6th. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $41.20.

NMI Trading Down 0.0%

NASDAQ:NMIH opened at $37.62 on Monday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.86 and a current ratio of 0.86. NMI has a 1 year low of $31.90 and a 1 year high of $43.20. The stock has a market cap of $2.89 billion, a P/E ratio of 7.87, a P/E/G ratio of 1.17 and a beta of 0.63. The stock has a 50-day simple moving average of $37.15 and a 200-day simple moving average of $38.59.

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

Insider Activity

In other NMI news, Director Michael J. Embler sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 19th. The stock was sold at an average price of $36.90, for a total transaction of $738,000.00. Following the completion of the sale, the director directly owned 46,046 shares of the company’s stock, valued at $1,699,097.40. This represents a 30.28% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Steven Scheid sold 19,926 shares of NMI stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $39.31, for a total value of $783,291.06. Following the completion of the transaction, the director owned 78,960 shares in the company, valued at $3,103,917.60. This trade represents a 20.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 3.00% of the company’s stock.

Institutional Trading of NMI

Several hedge funds have recently made changes to their positions in NMIH. Dimensional Fund Advisors LP increased its stake 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 worth $164,437,000 after acquiring an additional 31,570 shares during the period. American Century Companies Inc. increased its position in NMI by 5.8% during the 3rd quarter. American Century Companies Inc. now owns 2,379,801 shares of the financial services provider’s stock worth $91,242,000 after purchasing an additional 130,002 shares during the period. Geode Capital Management LLC increased its position 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 worth $82,996,000 after purchasing an additional 5,628 shares during the period. Van Berkom & Associates Inc. raised its stake in shares of NMI by 0.4% during the 3rd 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 in the last quarter. Finally, Millennium Management LLC lifted its holdings in shares of NMI by 209.9% in the 1st quarter. Millennium Management LLC now owns 1,432,950 shares of the financial services provider’s stock valued at $51,658,000 after buying an additional 970,551 shares during the period. Institutional investors and hedge funds own 94.12% of the company’s stock.

About NMI

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.