NMI Holdings Inc (NASDAQ:NMIH) Receives $42.20 Average Price Target from Brokerages

Shares of NMI Holdings Inc (NASDAQ:NMIH) have been assigned a consensus rating of “Moderate Buy” from the six brokerages that are covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $42.20.

NMIH has been the subject of a number of analyst reports. Barclays reaffirmed a “cautious” rating on shares of NMI in a research note on Monday, October 6th. Weiss Ratings reiterated a “buy (b)” rating on shares of NMI in a research note on Wednesday, October 8th. JPMorgan Chase & Co. cut their target price on NMI from $43.00 to $42.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 5th. Finally, Keefe, Bruyette & Woods upgraded NMI from a “market perform” rating to an “outperform” rating and raised their price target for the company from $46.00 to $48.00 in a report on Thursday, December 18th.

NMI Stock Performance

Shares of NMI stock opened at $41.21 on Tuesday. NMI has a 12 month low of $31.90 and a 12 month high of $43.20. The firm has a market capitalization of $3.17 billion, a P/E ratio of 8.62, a P/E/G ratio of 1.22 and a beta of 0.66. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.17. The business has a fifty day simple moving average of $38.64 and a two-hundred day simple moving average of $38.74.

NMI (NASDAQ:NMIH) last released its earnings results on Tuesday, November 4th. The financial services provider reported $1.21 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.21. NMI had a net margin of 55.02% and a return on equity of 16.08%. The firm had revenue of $171.56 million for the quarter, compared to the consensus estimate of $177.01 million. During the same period in the prior year, the firm earned $1.15 EPS. The company’s revenue was up 7.6% compared to the same quarter last year. On average, equities analysts forecast that NMI will post 4.62 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other NMI news, Director Michael J. Embler sold 20,000 shares of NMI stock in a transaction dated Wednesday, November 19th. The shares were sold at an average price of $36.90, for a total value of $738,000.00. Following the completion of the transaction, the director directly owned 46,046 shares of the company’s stock, valued at approximately $1,699,097.40. The trade was a 30.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 3.00% of the company’s stock.

Hedge Funds Weigh In On NMI

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Millennium Management LLC increased 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 worth $51,658,000 after purchasing an additional 970,551 shares in the last quarter. Bank of America Corp DE raised its position in NMI by 95.3% in the 3rd quarter. Bank of America Corp DE now owns 1,014,557 shares of the financial services provider’s stock worth $38,898,000 after buying an additional 495,144 shares during the last quarter. Walleye Capital LLC bought a new position in NMI during the 2nd quarter valued at about $13,245,000. Allianz Asset Management GmbH boosted its holdings in shares of NMI by 76.4% during the 2nd quarter. Allianz Asset Management GmbH now owns 640,158 shares of the financial services provider’s stock valued at $27,008,000 after acquiring an additional 277,318 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its holdings in shares of NMI by 184.3% during the 2nd quarter. BNP Paribas Financial Markets now owns 427,397 shares of the financial services provider’s stock valued at $18,032,000 after acquiring an additional 277,065 shares during the last quarter. 94.12% of the stock is owned by institutional investors.

About NMI

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.