NMI Holdings Inc (NASDAQ:NMIH) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of NMI Holdings Inc (NASDAQ:NMIH) have been given an average recommendation of “Moderate Buy” by the five analysts that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $45.00.

Several analysts have recently weighed in on the stock. UBS Group set a $46.00 target price on shares of NMI in a report on Friday, May 22nd. Barclays lowered their target price on shares of NMI from $44.00 to $43.00 and set an “equal weight” rating on the stock in a report on Monday, April 6th. JPMorgan Chase & Co. lowered their target price on shares of NMI from $44.00 to $43.00 and set an “overweight” rating on the stock in a report on Thursday, April 9th. Weiss Ratings raised shares of NMI from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, June 12th. Finally, Keefe, Bruyette & Woods lifted their price target on NMI from $46.00 to $47.00 and gave the company an “outperform” rating in a research note on Thursday.

NMI Trading Up 2.7%

Shares of NMIH stock opened at $40.62 on Tuesday. The business’s 50 day moving average is $38.09 and its two-hundred day moving average is $38.71. NMI has a twelve month low of $34.84 and a twelve month high of $43.20. The company has a market capitalization of $3.09 billion, a P/E ratio of 8.27, a price-to-earnings-growth ratio of 1.41 and a beta of 0.55. 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 earnings results on Thursday, April 30th. The financial services provider reported $1.28 earnings per share for the quarter, beating the consensus estimate 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 $183.48 million for the quarter, compared to the consensus estimate of $153.99 million. During the same period last year, the business posted $1.28 EPS. The company’s revenue was up 5.9% on a year-over-year basis. Equities analysts forecast that NMI will post 5.12 EPS for the current year.

Insider Buying and Selling at NMI

In related news, Director Michael Curry Montgomery sold 1,554 shares of NMI stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $37.90, for a total value of $58,896.60. Following the sale, the director directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.44% of the stock is currently owned by company insiders.

Institutional Trading of NMI

Institutional investors have recently modified their holdings of the business. Bessemer Group Inc. boosted its holdings in NMI by 34.0% during the first quarter. Bessemer Group Inc. now owns 1,071 shares of the financial services provider’s stock worth $40,000 after buying an additional 272 shares in the last quarter. Rockefeller Capital Management L.P. boosted its holdings in NMI by 35.0% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,160 shares of the financial services provider’s stock worth $47,000 after buying an additional 301 shares in the last quarter. Evolve Private Wealth LLC boosted its holdings in NMI by 1.6% during the first quarter. Evolve Private Wealth LLC now owns 19,525 shares of the financial services provider’s stock worth $732,000 after buying an additional 302 shares in the last quarter. California State Teachers Retirement System boosted its holdings in NMI by 0.5% during the second quarter. California State Teachers Retirement System now owns 70,112 shares of the financial services provider’s stock worth $2,958,000 after buying an additional 328 shares in the last quarter. Finally, Royal Bank of Canada boosted its holdings in NMI by 0.3% during the fourth quarter. Royal Bank of Canada now owns 111,334 shares of the financial services provider’s stock worth $4,541,000 after buying an additional 348 shares in the last quarter. 94.12% of the stock is currently owned by hedge funds and other 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.