NMI Holdings, Inc. (NASDAQ:NMIH) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of NMI Holdings, Inc. (NASDAQ:NMIH) have earned an average recommendation of “Moderate Buy” from the nine brokerages that are presently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $35.56.

NMIH has been the subject of a number of recent research reports. StockNews.com raised shares of NMI from a “hold” rating to a “buy” rating in a research note on Wednesday, June 19th. JPMorgan Chase & Co. lifted their price objective on shares of NMI from $35.00 to $36.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 1st. Compass Point lifted their price target 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. Keefe, Bruyette & Woods lifted their price target on shares of NMI from $33.00 to $36.00 and gave the stock a “market perform” rating in a research note on Thursday, April 4th. Finally, UBS Group cut shares of NMI from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $37.00 to $39.00 in a research note on Wednesday, May 22nd.

NMI Trading Up 1.0 %

NASDAQ:NMIH opened at $33.40 on Friday. The company’s 50 day moving average price is $32.63 and its 200-day moving average price is $30.98. NMI has a 52 week low of $24.83 and a 52 week high of $34.33. 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 stock has a market cap of $2.68 billion, a price-to-earnings ratio of 8.27, a PEG ratio of 1.14 and a beta of 1.08.

NMI (NASDAQ:NMIH) last issued 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. NMI had a net margin of 56.26% and a return on equity of 18.09%. The company had revenue of $156.25 million for the quarter, compared to analysts’ expectations of $133.76 million. During the same quarter last year, the company posted $0.88 earnings per share. The firm’s quarterly revenue was up 14.2% on a year-over-year basis. On average, equities research analysts forecast that NMI will post 4.24 earnings per share for the current fiscal year.

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 NMI in the fourth quarter valued at approximately $27,000. Fidelis Capital Partners LLC bought a new position in NMI during the first quarter worth $31,000. TFO Wealth Partners LLC lifted its stake in 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 purchasing an additional 1,225 shares during the last quarter. Robeco Institutional Asset Management B.V. bought a new stake in NMI in the fourth quarter valued at $145,000. Finally, Quadrant Capital Group LLC lifted its stake in NMI by 6.1% in the fourth quarter. Quadrant Capital Group LLC now owns 6,071 shares of the financial services provider’s stock valued at $180,000 after buying an additional 350 shares during the last quarter. 94.12% of the stock is currently owned by hedge funds and other institutional investors.

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.