NMI Holdings, Inc. (NASDAQ:NMIH) Receives Average Recommendation of “Moderate Buy” from Analysts

NMI Holdings, Inc. (NASDAQ:NMIH) has been assigned a consensus recommendation of “Moderate Buy” from the nine brokerages that are presently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $35.56.

Several brokerages have issued reports on NMIH. StockNews.com upgraded NMI from a “hold” rating to a “buy” rating in a report on Wednesday, June 19th. Compass Point raised their price objective on shares of NMI from $33.00 to $36.00 and gave the stock a “buy” rating in a research report on Tuesday, May 7th. UBS Group lowered shares of NMI from a “buy” rating to a “neutral” rating and boosted their target price for the company from $37.00 to $39.00 in a report on Wednesday, May 22nd. Truist Financial raised their price target on shares of NMI from $36.00 to $37.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Finally, Keefe, Bruyette & Woods increased their price objective on NMI from $33.00 to $36.00 and gave the stock a “market perform” rating in a research report on Thursday, April 4th.

Institutional Investors Weigh In On NMI

Several hedge funds and other institutional investors have recently made changes to their positions in NMIH. Goldentree Asset Management LP purchased a new position in NMI in the first quarter valued at approximately $22,600,000. Hancock Whitney Corp raised its stake in NMI by 1.6% during the 1st quarter. Hancock Whitney Corp now owns 22,098 shares of the financial services provider’s stock worth $715,000 after acquiring an additional 346 shares in the last quarter. Virtus Investment Advisers Inc. lifted its position in NMI by 4.6% in the first quarter. Virtus Investment Advisers Inc. now owns 32,106 shares of the financial services provider’s stock valued at $1,038,000 after acquiring an additional 1,410 shares during the last quarter. Caxton Associates LP boosted its stake in NMI by 82.5% in the first quarter. Caxton Associates LP now owns 27,328 shares of the financial services provider’s stock valued at $884,000 after acquiring an additional 12,350 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of NMI by 5.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 57,639 shares of the financial services provider’s stock worth $1,865,000 after purchasing an additional 3,057 shares during the last quarter. Institutional investors and hedge funds own 94.12% of the company’s stock.

NMI Stock Up 0.7 %

Shares of NMIH opened at $34.25 on Friday. The stock has a 50 day moving average price of $32.85 and a 200 day moving average price of $31.13. NMI has a one year low of $24.83 and a one year high of $34.58. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.89 and a current ratio of 0.89. The stock has a market capitalization of $2.75 billion, a price-to-earnings ratio of 8.48, a PEG ratio of 1.16 and a beta of 1.09.

NMI (NASDAQ:NMIH) last issued its earnings results on Tuesday, April 30th. The financial services provider reported $1.08 EPS for the quarter, beating analysts’ consensus estimates of $0.96 by $0.12. NMI had a net margin of 56.26% and a return on equity of 18.09%. The business had revenue of $156.25 million during the quarter, compared to analysts’ expectations of $133.76 million. During the same period in the prior year, the business earned $0.88 earnings per share. The company’s quarterly revenue was up 14.2% compared to the same quarter last year. Equities research analysts forecast that NMI will post 4.24 earnings per share for the current fiscal year.

About NMI

NMI Holdings, Inc provides private mortgage guaranty insurance services in the United States. The company offers mortgage insurance services, such as primary and pool insurance; and outsourced loan review services to mortgage loan originators. It serves national and regional mortgage banks, money center banks, credit unions, community banks, builder-owned mortgage lenders, internet-sourced lenders, and other non-bank lenders.