NMI Holdings, Inc. (NASDAQ:NMIH) Receives $42.29 Consensus PT from Analysts

NMI Holdings, Inc. (NASDAQ:NMIH) has been given a consensus rating of “Moderate Buy” by the seven analysts that are presently covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $42.29.

Several research analysts have weighed in on NMIH shares. Wall Street Zen raised shares of NMI from a “hold” rating to a “buy” rating in a research note on Monday, May 5th. Compass Point restated a “buy” rating and issued a $37.00 price target (up previously from $34.00) on shares of NMI in a research note on Friday, May 23rd. Keefe, Bruyette & Woods dropped their price objective on shares of NMI from $43.00 to $42.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 8th. JPMorgan Chase & Co. decreased their price target on NMI from $42.00 to $41.00 and set an “overweight” rating for the company in a report on Tuesday, April 8th. Finally, UBS Group cut their target price on NMI from $42.00 to $41.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 19th.

Insiders Place Their Bets

In other NMI news, insider William J. Leatherberry sold 13,111 shares of the stock in a transaction on Wednesday, April 30th. The stock was sold at an average price of $35.56, for a total value of $466,227.16. Following the completion of the transaction, the insider now owns 163,796 shares in the company, valued at approximately $5,824,585.76. This represents a 7.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Adam Pollitzer sold 57,166 shares of the business’s stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $36.54, for a total transaction of $2,088,845.64. Following the sale, the chief executive officer now owns 329,465 shares in the company, valued at $12,038,651.10. The trade was a 14.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 113,697 shares of company stock valued at $4,210,337. 3.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in NMIH. Entropy Technologies LP increased its holdings in NMI by 38.7% during the 4th quarter. Entropy Technologies LP now owns 7,888 shares of the financial services provider’s stock valued at $290,000 after acquiring an additional 2,201 shares in the last quarter. Principal Securities Inc. raised its position in shares of NMI by 66.5% during the 4th quarter. Principal Securities Inc. now owns 716 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 286 shares during the last quarter. State of New Jersey Common Pension Fund D lifted its stake in NMI by 11.9% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 55,563 shares of the financial services provider’s stock valued at $2,042,000 after buying an additional 5,912 shares in the last quarter. Principal Financial Group Inc. grew its holdings in NMI by 3.6% during the 4th quarter. Principal Financial Group Inc. now owns 452,264 shares of the financial services provider’s stock valued at $16,625,000 after buying an additional 15,868 shares during the last quarter. Finally, New York State Common Retirement Fund increased its position in NMI by 196.3% during the fourth quarter. New York State Common Retirement Fund now owns 75,013 shares of the financial services provider’s stock worth $2,757,000 after buying an additional 49,700 shares in the last quarter. 94.12% of the stock is owned by hedge funds and other institutional investors.

NMI Trading Down 0.6%

Shares of NMIH stock opened at $40.34 on Friday. The stock’s fifty day moving average is $36.92 and its two-hundred day moving average is $36.74. The firm has a market capitalization of $3.15 billion, a P/E ratio of 9.11, a PEG ratio of 1.41 and a beta of 0.55. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.83 and a current ratio of 0.60. NMI has a fifty-two week low of $31.67 and a fifty-two week high of $42.49.

NMI (NASDAQ:NMIH) last issued its earnings results on Tuesday, April 29th. The financial services provider reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.18. NMI had a return on equity of 17.33% and a net margin of 55.32%. The business had revenue of $173.25 million for the quarter, compared to analysts’ expectations of $169.04 million. During the same period in the previous year, the firm posted $1.08 EPS. The business’s revenue for the quarter was up 10.8% compared to the same quarter last year. Research analysts expect that NMI will post 4.62 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.