StockNews.com Upgrades NMI (NASDAQ:NMIH) to “Buy”

NMI (NASDAQ:NMIHGet Free Report) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Tuesday.

Other equities research analysts have also recently issued reports about the company. JPMorgan Chase & Co. increased their target price on NMI from $35.00 to $36.00 and gave the company an “overweight” rating in a report on Wednesday, May 1st. Truist Financial raised their target price on shares of NMI from $36.00 to $37.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Compass Point lifted their target price on shares of NMI from $33.00 to $36.00 and gave the stock a “buy” rating in a research note on Tuesday, May 7th. UBS Group cut shares of NMI from a “buy” rating to a “neutral” rating and increased their price target for the company from $37.00 to $39.00 in a research report on Wednesday, May 22nd. Finally, Royal Bank of Canada boosted their price objective on shares of NMI from $31.00 to $33.00 and gave the company a “sector perform” rating in a research report on Thursday, February 15th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $35.56.

View Our Latest Report on NMIH

NMI Trading Down 0.7 %

NMIH stock opened at $32.50 on Tuesday. The company has a market capitalization of $2.61 billion, a PE ratio of 8.04, a price-to-earnings-growth ratio of 1.12 and a beta of 1.08. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.89 and a current ratio of 0.89. NMI has a one year low of $24.53 and a one year high of $34.33. The company’s 50 day moving average price is $32.02 and its two-hundred day moving average price is $30.55.

NMI (NASDAQ:NMIHGet Free Report) last posted its quarterly earnings results on Tuesday, April 30th. The financial services provider reported $1.08 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $133.76 million. During the same period in the previous year, the firm posted $0.88 earnings per share. The firm’s revenue for the quarter was up 14.2% on a year-over-year basis. As a group, analysts predict that NMI will post 4.24 earnings per share for the current fiscal year.

Insider Activity

In other NMI news, EVP Norman Peter Fitzgerald sold 12,000 shares of the firm’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $30.00, for a total value of $360,000.00. Following the completion of the sale, the executive vice president now directly owns 42,733 shares in the company, valued at $1,281,990. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, EVP Robert Owen Smith sold 3,000 shares of the company’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $31.19, for a total value of $93,570.00. Following the sale, the executive vice president now directly owns 82,612 shares of the company’s stock, valued at approximately $2,576,668.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Norman Peter Fitzgerald sold 12,000 shares of the stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $30.00, for a total transaction of $360,000.00. Following the completion of the transaction, the executive vice president now owns 42,733 shares of the company’s stock, valued at $1,281,990. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 17,920 shares of company stock valued at $541,258. Corporate insiders own 2.40% of the company’s stock.

Hedge Funds Weigh In On NMI

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. grew its stake in shares of NMI by 5.3% in the 1st quarter. Vanguard Group Inc. now owns 7,168,138 shares of the financial services provider’s stock worth $231,818,000 after buying an additional 358,930 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in shares of NMI by 33.1% in the first quarter. Assenagon Asset Management S.A. now owns 1,144,360 shares of the financial services provider’s stock worth $37,009,000 after acquiring an additional 284,405 shares during the last quarter. Capital International Investors bought a new position in shares of NMI during the first quarter valued at $32,270,000. American Century Companies Inc. raised its position in shares of NMI by 11.6% in the 3rd quarter. American Century Companies Inc. now owns 988,812 shares of the financial services provider’s stock worth $26,787,000 after purchasing an additional 102,857 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in NMI by 9.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 980,783 shares of the financial services provider’s stock worth $29,110,000 after purchasing an additional 81,727 shares in the last quarter. Institutional investors own 94.12% of the company’s stock.

About NMI

(Get Free Report)

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.

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Analyst Recommendations for NMI (NASDAQ:NMIH)

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