Brokers Issue Forecasts for NMI’s Q2 Earnings (NASDAQ:NMIH)

NMI Holdings Inc (NASDAQ:NMIH) – Equities research analysts at Zacks Research cut their Q2 2028 EPS estimates for NMI in a note issued to investors on Thursday, June 25th. Zacks Research analyst Team now expects that the financial services provider will post earnings of $1.26 per share for the quarter, down from their prior estimate of $1.30. The consensus estimate for NMI’s current full-year earnings is $5.12 per share.

NMIH has been the topic of a number of other research reports. Keefe, Bruyette & Woods lifted their target price on NMI from $46.00 to $47.00 and gave the company an “outperform” rating in a report on Thursday, June 25th. UBS Group set a $46.00 price target on NMI in a research note on Friday, May 22nd. Royal Bank Of Canada initiated coverage on NMI in a report on Friday, May 22nd. They issued an “outperform” rating and a $46.00 price objective on the stock. Barclays reduced their price objective on NMI from $44.00 to $43.00 and set an “equal weight” rating on the stock in a research note on Monday, April 6th. Finally, Weiss Ratings upgraded NMI from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, June 12th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, NMI has an average rating of “Moderate Buy” and a consensus target price of $45.00.

NMI Trading Down 0.2%

NMIH stock opened at $41.00 on Thursday. The company has a market cap of $3.11 billion, a price-to-earnings ratio of 8.35, a PEG ratio of 1.42 and a beta of 0.54. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.16. The business has a fifty day simple moving average of $38.18 and a 200-day simple moving average of $38.77. NMI has a 52 week low of $34.84 and a 52 week high of $43.20.

NMI (NASDAQ:NMIH) last posted 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. The company had revenue of $183.47 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%. NMI’s revenue was up 5.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.28 earnings per share.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP grew its stake 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. American Century Companies Inc. lifted 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 acquiring an additional 130,002 shares in the last quarter. Van Berkom & Associates Inc. boosted its holdings in NMI by 5.6% in the 4th quarter. Van Berkom & Associates Inc. now owns 2,016,030 shares of the financial services provider’s stock worth $82,234,000 after acquiring an additional 106,400 shares during the period. Geode Capital Management LLC boosted its holdings in NMI by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 1,982,722 shares of the financial services provider’s stock worth $80,887,000 after acquiring an additional 5,274 shares during the period. Finally, Bank of America Corp DE grew its position in NMI by 22.7% in 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. Institutional investors and hedge funds own 94.12% of the company’s stock.

Insiders Place Their Bets

In related news, Director Michael Curry Montgomery sold 1,554 shares of the company’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 completion of the sale, the director directly owned 69,026 shares of the company’s stock, valued at approximately $2,616,085.40. This represents a 2.20% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.44% of the company’s stock.

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.