NMI Holdings Inc (NASDAQ:NMIH) Receives $43.00 Average PT from Brokerages

Shares of NMI Holdings Inc (NASDAQ:NMIH) have received a consensus recommendation of “Moderate Buy” from the six research firms that are covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $43.00.

A number of equities research analysts recently commented on the stock. JPMorgan Chase & Co. upped their price target on shares of NMI from $42.00 to $43.00 and gave the company an “overweight” rating in a report on Monday, January 12th. Barclays boosted their price objective on shares of NMI from $43.00 to $44.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 6th. Weiss Ratings reissued a “buy (b)” rating on shares of NMI in a research note on Thursday, January 22nd. Keefe, Bruyette & Woods upgraded NMI from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $46.00 to $48.00 in a report on Thursday, December 18th. Finally, UBS Group set a $43.00 price objective on NMI in a report on Monday, January 12th.

NMI Stock Down 0.2%

Shares of NASDAQ:NMIH opened at $38.72 on Friday. The stock has a market capitalization of $2.98 billion, a P/E ratio of 8.10, a price-to-earnings-growth ratio of 1.17 and a beta of 0.66. The stock’s 50-day moving average price is $39.26 and its 200-day moving average price is $38.41. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.17. NMI has a 12-month low of $31.90 and a 12-month high of $43.20.

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

Insiders Place Their Bets

In other NMI news, Director Michael J. Embler sold 20,000 shares of the business’s stock in a transaction on Wednesday, November 19th. The shares were sold at an average price of $36.90, for a total transaction of $738,000.00. Following 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On NMI

Hedge funds and other institutional investors have recently modified their holdings of the stock. Allworth Financial LP boosted its position in NMI by 196.0% during the 3rd quarter. Allworth Financial LP now owns 660 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 437 shares in the last quarter. Maseco LLP purchased a new stake in NMI in the fourth quarter worth $31,000. Harbor Capital Advisors Inc. raised its holdings in NMI by 51.5% in the third quarter. Harbor Capital Advisors Inc. now owns 856 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 291 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in NMI during the second quarter valued at $36,000. Finally, Farther Finance Advisors LLC lifted its position in NMI by 161.5% during the fourth quarter. Farther Finance Advisors LLC now owns 1,004 shares of the financial services provider’s stock valued at $41,000 after buying an additional 620 shares during the period. 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.