NMI (NASDAQ:NMIH) Sets New 1-Year High – Still a Buy?

NMI Holdings Inc (NASDAQ:NMIH)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as $43.38 and last traded at $43.2670, with a volume of 187618 shares trading hands. The stock had previously closed at $42.75.

Analysts Set New Price Targets

NMIH has been the subject of several recent analyst reports. 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 target for the company. Barclays decreased their price objective on shares of NMI from $44.00 to $43.00 and set an “equal weight” rating for the company in a research report on Monday, April 6th. Weiss Ratings upgraded shares of NMI from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, June 12th. Keefe, Bruyette & Woods boosted their target price on shares of NMI from $46.00 to $47.00 and gave the stock an “outperform” rating in a research report on Thursday, June 25th. Finally, UBS Group set a $46.00 price target on shares of NMI in a research note on Friday, May 22nd. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $46.00.

NMI Price Performance

The company has a market capitalization of $3.28 billion, a price-to-earnings ratio of 8.80, a P/E/G ratio of 1.48 and a beta of 0.54. The firm has a 50-day simple moving average of $39.03 and a two-hundred day simple moving average of $38.85. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.16.

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 $183.47 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. As a group, analysts predict that NMI Holdings Inc will post 5.11 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other NMI news, Director Michael Curry Montgomery sold 1,554 shares of NMI stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $37.90, for a total value of $58,896.60. Following the completion of the transaction, the director owned 69,026 shares of the company’s stock, valued at approximately $2,616,085.40. The trade was a 2.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.44% of the company’s stock.

Institutional Trading of NMI

Several institutional investors have recently bought and sold shares of NMIH. Teacher Retirement System of Texas lifted its stake in NMI by 22.9% in the 4th quarter. Teacher Retirement System of Texas now owns 187,189 shares of the financial services provider’s stock valued at $7,635,000 after buying an additional 34,907 shares in the last quarter. Tudor Investment Corp ET AL increased its stake in NMI by 62.6% during the 3rd quarter. Tudor Investment Corp ET AL now owns 368,840 shares of the financial services provider’s stock worth $14,141,000 after buying an additional 142,065 shares in the last quarter. River Road Asset Management LLC purchased a new stake in NMI during the 4th quarter worth approximately $15,104,000. Wedge Capital Management L L P NC raised its holdings in shares of NMI by 43.3% during the fourth quarter. Wedge Capital Management L L P NC now owns 156,644 shares of the financial services provider’s stock valued at $6,390,000 after acquiring an additional 47,360 shares during the last quarter. Finally, SG Americas Securities LLC raised its holdings in shares of NMI by 92.4% during the fourth quarter. SG Americas Securities LLC now owns 37,812 shares of the financial services provider’s stock valued at $1,542,000 after acquiring an additional 18,157 shares during the last quarter. 94.12% of the stock is owned by institutional investors and hedge funds.

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.