NMI Holdings, Inc. (NASDAQ:NMIH) Receives $36.44 Consensus PT from Analysts

Shares of NMI Holdings, Inc. (NASDAQ:NMIH) have been assigned a consensus recommendation of “Moderate Buy” from the nine research firms that are presently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $36.44.

Several equities analysts recently issued reports on NMIH shares. StockNews.com upgraded NMI from a “hold” rating to a “buy” rating in a research report on Friday. JPMorgan Chase & Co. boosted their target price on NMI from $36.00 to $40.00 and gave the company an “overweight” rating in a research note on Monday, July 8th. Truist Financial boosted their target price on NMI from $36.00 to $37.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Keefe, Bruyette & Woods boosted their target price on NMI from $33.00 to $36.00 and gave the company a “market perform” rating in a research note on Thursday, April 4th. Finally, Barclays upped their price objective on NMI from $40.00 to $41.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 9th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Daiwa Securities Group Inc. acquired a new stake in shares of NMI during the 4th quarter worth $27,000. Opal Wealth Advisors LLC bought a new position in shares of NMI during the second quarter worth about $29,000. Fidelis Capital Partners LLC bought a new position in shares of NMI during the first quarter worth about $31,000. TFO Wealth Partners LLC raised its position in shares of NMI by 24,500.0% during the fourth quarter. TFO Wealth Partners LLC now owns 1,230 shares of the financial services provider’s stock worth $37,000 after acquiring an additional 1,225 shares during the last quarter. Finally, CWM LLC grew its stake in NMI by 92.7% during the second quarter. CWM LLC now owns 2,974 shares of the financial services provider’s stock worth $101,000 after purchasing an additional 1,431 shares during the period. 94.12% of the stock is owned by institutional investors and hedge funds.

NMI Price Performance

Shares of NMIH stock opened at $39.38 on Tuesday. The firm has a market cap of $3.16 billion, a price-to-earnings ratio of 9.75, a PEG ratio of 1.32 and a beta of 1.09. NMI has a 12 month low of $25.62 and a 12 month high of $39.38. The stock has a 50-day moving average price of $34.21 and a 200 day moving average price of $31.97. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.20.

NMI (NASDAQ:NMIH) last posted its earnings results on Tuesday, April 30th. The financial services provider reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.12. The company had revenue of $156.25 million during the quarter, compared to analyst estimates of $133.76 million. NMI had a return on equity of 18.09% and a net margin of 56.26%. The company’s revenue for the quarter was up 14.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.88 EPS. Research analysts expect that NMI will post 4.27 EPS for the current year.

NMI Company Profile

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.