Zacks Research Comments on NMI’s Q1 Earnings (NASDAQ:NMIH)

NMI Holdings Inc (NASDAQ:NMIH) – Analysts at Zacks Research dropped their Q1 2028 earnings estimates for NMI in a report issued on Tuesday, June 16th. Zacks Research analyst Team now expects that the financial services provider will earn $1.37 per share for the quarter, down from their prior forecast of $1.40. The consensus estimate for NMI’s current full-year earnings is $5.12 per share.

NMI (NASDAQ:NMIH) last issued its quarterly earnings data on Thursday, April 30th. The financial services provider reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates of $1.22 by $0.06. The company had revenue of $183.48 million for the quarter, compared to the consensus estimate of $153.99 million. NMI had a net margin of 53.82% and a return on equity of 15.18%. The firm’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.28 earnings per share.

NMIH has been the topic of a number of other research reports. Barclays lowered their price objective 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. JPMorgan Chase & Co. decreased their price target on shares of NMI from $44.00 to $43.00 and set an “overweight” rating on the stock in a research report on Thursday, April 9th. Royal Bank Of Canada initiated coverage on shares of NMI in a research report on Friday, May 22nd. They issued an “outperform” rating and a $46.00 price target on the stock. Weiss Ratings upgraded shares of NMI from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, June 12th. Finally, UBS Group set a $46.00 price target on shares of NMI in a research report on Friday, May 22nd. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $44.80.

NMI Stock Down 0.5%

Shares of NMI stock opened at $37.84 on Thursday. The company has a market cap of $2.87 billion, a price-to-earnings ratio of 7.71, a price-to-earnings-growth ratio of 1.32 and a beta of 0.55. The company’s 50 day moving average is $38.12 and its 200 day moving average is $38.68. NMI has a twelve month low of $34.84 and a twelve month high of $43.20. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.16.

Insider Buying and Selling at NMI

In other news, Chairman Bradley M. Shuster sold 18,953 shares of the firm’s stock in a transaction on Tuesday, March 24th. The shares were sold at an average price of $37.35, for a total transaction of $707,894.55. Following the sale, the chairman directly owned 415,411 shares in the company, valued at $15,515,600.85. This trade represents a 4.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael Curry Montgomery sold 1,554 shares of the firm’s stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $37.90, for a total transaction of $58,896.60. Following the sale, the director owned 69,026 shares in the company, valued at $2,616,085.40. The trade was a 2.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 2.44% of the stock is owned by company insiders.

Institutional Trading of NMI

Several institutional investors and hedge funds have recently modified their holdings of NMIH. Dimensional Fund Advisors LP grew its stake in NMI by 0.8% during 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 acquiring an additional 34,372 shares in the last quarter. American Century Companies Inc. grew its stake in NMI by 5.8% during the third quarter. American Century Companies Inc. now owns 2,379,801 shares of the financial services provider’s stock valued at $91,242,000 after acquiring an additional 130,002 shares in the last quarter. Van Berkom & Associates Inc. grew its stake in NMI by 5.6% during the fourth quarter. Van Berkom & Associates Inc. now owns 2,016,030 shares of the financial services provider’s stock valued at $82,234,000 after acquiring an additional 106,400 shares in the last quarter. Geode Capital Management LLC grew its stake in NMI by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 1,982,722 shares of the financial services provider’s stock valued at $80,887,000 after acquiring an additional 5,274 shares in the last quarter. Finally, Bank of America Corp DE grew its stake in NMI by 22.7% during the first quarter. Bank of America Corp DE now owns 1,304,633 shares of the financial services provider’s stock valued at $48,937,000 after acquiring an additional 241,724 shares in the last quarter. 94.12% of the stock is currently owned by institutional investors.

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.