Brokerages Set NMI Holdings Inc (NASDAQ:NMIH) Target Price at $43.20

NMI Holdings Inc (NASDAQ:NMIH) has earned a consensus recommendation of “Moderate Buy” from the five research firms that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $42.40.

A number of brokerages have issued reports on NMIH. Barclays decreased their price target on NMI from $44.00 to $43.00 and set an “equal weight” rating for the company in a report on Monday, April 6th. JPMorgan Chase & Co. decreased their price target on NMI from $44.00 to $43.00 and set an “overweight” rating for the company in a report on Thursday, April 9th. Keefe, Bruyette & Woods decreased their price target on NMI from $50.00 to $46.00 and set an “outperform” rating for the company in a report on Monday, May 4th. Weiss Ratings reissued a “buy (b)” rating on shares of NMI in a report on Thursday, January 22nd. Finally, UBS Group set a $43.00 price target on NMI in a report on Monday, January 12th.

Insider Activity

In other news, Chairman Bradley M. Shuster sold 18,953 shares of the business’s stock in a transaction that occurred on Tuesday, March 24th. The stock was sold at an average price of $37.35, for a total value of $707,894.55. Following the completion of the sale, the chairman directly owned 415,411 shares in the company, valued at $15,515,600.85. The trade was a 4.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Norman Peter Fitzgerald sold 22,500 shares of the business’s stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $39.94, for a total value of $898,650.00. Following the completion of the sale, the executive vice president owned 32,445 shares of the company’s stock, valued at $1,295,853.30. This trade represents a 40.95% 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. 2.44% of the stock is currently owned by corporate insiders.

Institutional Trading of NMI

A number of institutional investors and hedge funds have recently made changes to their positions in the business. PNC Financial Services Group Inc. increased its position in shares of NMI by 8.3% in the first quarter. PNC Financial Services Group Inc. now owns 10,262 shares of the financial services provider’s stock valued at $385,000 after buying an additional 790 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of NMI by 0.8% in the first quarter. Dimensional Fund Advisors LP now owns 4,351,808 shares of the financial services provider’s stock valued at $163,237,000 after buying an additional 34,372 shares in the last quarter. Assetmark Inc. increased its position in shares of NMI by 6.3% in the first quarter. Assetmark Inc. now owns 100,623 shares of the financial services provider’s stock valued at $3,774,000 after buying an additional 5,994 shares in the last quarter. Bessemer Group Inc. increased its position in shares of NMI by 34.0% in the first quarter. Bessemer Group Inc. now owns 1,071 shares of the financial services provider’s stock valued at $40,000 after buying an additional 272 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its position in shares of NMI by 11.7% in the first quarter. Allspring Global Investments Holdings LLC now owns 11,892 shares of the financial services provider’s stock valued at $444,000 after buying an additional 1,250 shares in the last quarter. 94.12% of the stock is currently owned by hedge funds and other institutional investors.

NMI Trading Up 0.8%

NMI stock opened at $38.87 on Monday. The company has a quick ratio of 0.57, a current ratio of 0.63 and a debt-to-equity ratio of 0.16. NMI has a 52 week low of $34.84 and a 52 week high of $43.20. The company has a market capitalization of $2.95 billion, a price-to-earnings ratio of 7.92, a price-to-earnings-growth ratio of 1.19 and a beta of 0.59. The stock has a 50-day moving average price of $38.60 and a 200 day moving average price of $38.67.

NMI (NASDAQ:NMIH) last announced its quarterly earnings results on Thursday, April 30th. The financial services provider reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.22 by $0.06. NMI had a return on equity of 15.18% and a net margin of 53.82%.The company had revenue of $183.48 million during the quarter, compared to the consensus estimate of $153.99 million. During the same period in the previous year, the company posted $1.28 earnings per share. NMI’s revenue for the quarter was up 5.9% on a year-over-year basis. Sell-side analysts anticipate that NMI will post 5.15 EPS for the current year.

NMI Company Profile

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.