NMI Holdings Inc (NASDAQ:NMIH) Receives $44.80 Average Price Target from Brokerages

NMI Holdings Inc (NASDAQ:NMIH) has been assigned an average rating of “Moderate Buy” from the five ratings firms that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $44.80.

Several equities research analysts have recently weighed in on the company. UBS Group set a $46.00 target price on NMI in a research report on Friday, May 22nd. Weiss Ratings lowered NMI from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, May 28th. Royal Bank Of Canada began coverage on shares of NMI in a research report on Friday, May 22nd. They issued an “outperform” rating and a $46.00 price objective for the company. Keefe, Bruyette & Woods dropped their price objective on shares of NMI from $50.00 to $46.00 and set an “outperform” rating on the stock in a research note on Monday, May 4th. Finally, Barclays reduced their target price on shares of NMI from $44.00 to $43.00 and set an “equal weight” rating on the stock in a research report on Monday, April 6th.

NMI Stock Performance

Shares of NMIH stock opened at $36.08 on Friday. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.16. The company has a market cap of $2.74 billion, a PE ratio of 7.35, a P/E/G ratio of 1.23 and a beta of 0.55. The company’s fifty day simple moving average is $38.19 and its 200-day simple moving average is $38.71. NMI has a 52 week low of $34.84 and a 52 week high of $43.20.

NMI (NASDAQ:NMIH) last announced its quarterly earnings results on Thursday, April 30th. The financial services provider reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.22 by $0.06. NMI had a net margin of 53.82% and a return on equity of 15.18%. The firm had revenue of $183.48 million during the quarter, compared to analysts’ expectations of $153.99 million. During the same period in the prior year, the company earned $1.28 EPS. The firm’s revenue was up 5.9% on a year-over-year basis. As a group, equities research analysts anticipate that NMI will post 5.12 EPS for the current year.

Insiders Place Their Bets

In other news, Director Michael Curry Montgomery sold 1,554 shares of the firm’s stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $37.90, for a total transaction of $58,896.60. Following the completion of the sale, the director directly owned 69,026 shares in the company, valued at $2,616,085.40. This trade represents a 2.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Bradley M. Shuster sold 18,996 shares of NMI stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $37.05, for a total value of $703,801.80. Following the sale, the chairman directly owned 415,411 shares in the company, valued at approximately $15,390,977.55. The trade was a 4.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 58,479 shares of company stock worth $2,164,735 in the last quarter. 2.44% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of NMIH. Allworth Financial LP increased 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. Maseco LLP purchased a new position in shares of NMI during the 4th quarter valued at approximately $31,000. IFP Advisors Inc grew its position in shares of NMI by 189.5% during the fourth quarter. IFP Advisors Inc now owns 796 shares of the financial services provider’s stock worth $32,000 after buying an additional 521 shares in the last quarter. Bessemer Group Inc. grew its position in shares of NMI by 34.0% during the first quarter. Bessemer Group Inc. now owns 1,071 shares of the financial services provider’s stock worth $40,000 after buying an additional 272 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its stake in shares of NMI by 161.5% in the fourth 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 last quarter. Hedge funds and other institutional investors own 94.12% of the company’s stock.

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.