NMI Holdings, Inc. (NASDAQ:NMIH) Given Average Rating of “Moderate Buy” by Analysts

NMI Holdings, Inc. (NASDAQ:NMIH) has received a consensus recommendation of “Moderate Buy” from the eight analysts that are currently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $40.00.

NMIH has been the topic of several research analyst reports. Barclays boosted their price objective on NMI from $41.00 to $43.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. StockNews.com lowered NMI from a “buy” rating to a “hold” rating in a report on Wednesday. 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 note on Tuesday, May 7th. Royal Bank of Canada lifted their target price on NMI from $34.00 to $40.00 and gave the stock a “sector perform” rating in a research report on Wednesday, July 31st. Finally, UBS Group lowered NMI from a “buy” rating to a “neutral” rating and boosted their price target for the company from $37.00 to $39.00 in a report on Wednesday, May 22nd.

NMI Stock Up 3.2 %

NMI stock opened at $39.80 on Friday. The stock has a fifty day moving average of $36.29 and a 200 day moving average of $32.99. NMI has a one year low of $25.62 and a one year high of $42.01. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.89 and a current ratio of 0.67. The stock has a market cap of $3.19 billion, a PE ratio of 9.85, a price-to-earnings-growth ratio of 0.94 and a beta of 1.09.

NMI (NASDAQ:NMIH) last issued its quarterly earnings results on Tuesday, July 30th. The financial services provider reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.15. NMI had a return on equity of 18.29% and a net margin of 56.40%. The business had revenue of $162.12 million during the quarter, compared to analysts’ expectations of $138.49 million. During the same quarter in the prior year, the business posted $0.95 earnings per share. The business’s quarterly revenue was up 13.6% on a year-over-year basis. As a group, sell-side analysts predict that NMI will post 4.33 EPS for the current year.

Insider Buying and Selling at NMI

In other news, Director Michael J. Embler sold 26,008 shares of the company’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $39.35, for a total transaction of $1,023,414.80. Following the transaction, the director now owns 61,607 shares in the company, valued at $2,424,235.45. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 2.70% of the stock is owned by insiders.

Institutional Trading of NMI

Several large investors have recently added to or reduced their stakes in the company. Daiwa Securities Group Inc. acquired a new stake in NMI in the fourth quarter valued at approximately $27,000. Opal Wealth Advisors LLC acquired a new stake in NMI in the 2nd quarter valued at about $29,000. Quarry LP boosted its stake in NMI by 135.1% during the second quarter. Quarry LP now owns 858 shares of the financial services provider’s stock worth $29,000 after buying an additional 493 shares during the last quarter. Fidelis Capital Partners LLC purchased a new stake in shares of NMI in the first quarter valued at about $31,000. Finally, TFO Wealth Partners LLC grew its stake in shares of NMI by 24,500.0% in the 4th quarter. TFO Wealth Partners LLC now owns 1,230 shares of the financial services provider’s stock valued at $37,000 after buying an additional 1,225 shares during the period. Hedge funds and other institutional investors own 94.12% of the company’s stock.

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.