NMI (NASDAQ:NMIH) Lowered to Hold at StockNews.com

StockNews.com lowered shares of NMI (NASDAQ:NMIH) from a buy rating to a hold rating in a research report report published on Thursday morning.

A number of other research analysts have also recently issued reports on the company. Compass Point lifted their target price on NMI from $33.00 to $36.00 and gave the company a buy rating in a research report on Tuesday, May 7th. Keefe, Bruyette & Woods boosted their price target on NMI from $33.00 to $36.00 and gave the stock a market perform rating in a report on Thursday, April 4th. UBS Group cut NMI from a buy rating to a neutral rating and boosted their price target for the stock from $37.00 to $39.00 in a report on Wednesday, May 22nd. Truist Financial boosted their price target on NMI from $36.00 to $37.00 and gave the stock a buy rating in a report on Wednesday, May 1st. Finally, Barclays boosted their price target on NMI from $40.00 to $41.00 and gave the stock an overweight rating in a report on Tuesday, July 9th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, NMI has a consensus rating of Moderate Buy and an average price target of $36.44.

NMI Stock Performance

NMI stock opened at $35.56 on Thursday. NMI has a 12-month low of $25.62 and a 12-month high of $36.07. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.20. The business’s 50-day moving average price is $33.36 and its two-hundred day moving average price is $31.39. The stock has a market cap of $2.85 billion, a PE ratio of 8.80, a P/E/G ratio of 1.21 and a beta of 1.09.

NMI (NASDAQ:NMIH) last released its earnings results on Tuesday, April 30th. The financial services provider reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.12. NMI had a return on equity of 18.09% and a net margin of 56.26%. The firm had revenue of $156.25 million for the quarter, compared to analysts’ expectations of $133.76 million. During the same quarter in the previous year, the business posted $0.88 earnings per share. The business’s revenue for the quarter was up 14.2% on a year-over-year basis. As a group, analysts expect that NMI will post 4.24 earnings per share for the current fiscal year.

Hedge Funds Weigh In On NMI

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Hancock Whitney Corp lifted its stake in shares of NMI by 1.6% in the first 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 during the period. Quadrant Capital Group LLC lifted its stake in shares of NMI by 6.1% in the fourth quarter. Quadrant Capital Group LLC now owns 6,071 shares of the financial services provider’s stock worth $180,000 after acquiring an additional 350 shares during the period. Illinois Municipal Retirement Fund lifted its stake in shares of NMI by 0.8% in the fourth quarter. Illinois Municipal Retirement Fund now owns 48,423 shares of the financial services provider’s stock worth $1,437,000 after acquiring an additional 388 shares during the period. Cerity Partners LLC lifted its stake in shares of NMI by 5.9% in the fourth quarter. Cerity Partners LLC now owns 11,567 shares of the financial services provider’s stock worth $343,000 after acquiring an additional 644 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in NMI by 3.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,692 shares of the financial services provider’s stock valued at $555,000 after buying an additional 663 shares during the period. 94.12% of the stock is owned by institutional investors and hedge funds.

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.