Zacks Research Brokers Reduce Earnings Estimates for NMI

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

Other research analysts also recently issued research reports about the company. JPMorgan Chase & Co. reduced their price target on NMI from $44.00 to $43.00 and set an “overweight” rating for the company in a report on Thursday, April 9th. UBS Group set a $46.00 price objective on NMI in a report on Friday, May 22nd. Barclays cut their target price on NMI from $44.00 to $43.00 and set an “equal weight” rating on the stock in a research report on Monday, April 6th. Weiss Ratings upgraded NMI from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, June 12th. Finally, Keefe, Bruyette & Woods raised their price target 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. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $45.00.

NMI Stock Down 0.2%

Shares of NASDAQ NMIH opened at $41.00 on Thursday. NMI has a 1 year low of $34.84 and a 1 year high of $43.20. The firm 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 debt-to-equity ratio of 0.16, a quick ratio of 0.63 and a current ratio of 0.63. The stock’s 50-day simple moving average is $38.18 and its 200-day simple moving average is $38.77.

NMI (NASDAQ:NMIH) last posted its quarterly earnings data on Thursday, April 30th. The financial services provider reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates of $1.22 by $0.06. The company had revenue of $183.47 million during the quarter, compared to analysts’ expectations of $153.99 million. NMI had a net margin of 53.82% and a return on equity of 15.18%. The firm’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.28 EPS.

Hedge Funds Weigh In On NMI

A number of hedge funds have recently bought and sold shares of NMIH. Royal Bank of Canada raised its stake in NMI by 20.4% during the first quarter. Royal Bank of Canada now owns 117,065 shares of the financial services provider’s stock valued at $4,221,000 after buying an additional 19,857 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of NMI by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,684 shares of the financial services provider’s stock worth $1,683,000 after acquiring an additional 2,030 shares in the last quarter. NewEdge Advisors LLC acquired a new position in shares of NMI in the 1st quarter worth approximately $256,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of NMI in the 1st quarter valued at approximately $203,000. Finally, Jane Street Group LLC increased its holdings in shares of NMI by 1,312.9% in the 1st quarter. Jane Street Group LLC now owns 224,152 shares of the financial services provider’s stock valued at $8,081,000 after acquiring an additional 208,287 shares during the last quarter. 94.12% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Michael Curry Montgomery sold 1,554 shares of the stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $37.90, for a total transaction of $58,896.60. Following the transaction, the director owned 69,026 shares of the company’s stock, valued at approximately $2,616,085.40. This trade represents a 2.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 2.44% 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.