What is Zacks Research’s Forecast for NMI FY2024 Earnings?

NMI Holdings, Inc. (NASDAQ:NMIH) – Research analysts at Zacks Research upped their FY2024 EPS estimates for shares of NMI in a note issued to investors on Wednesday, November 27th. Zacks Research analyst R. Department now forecasts that the financial services provider will post earnings of $4.52 per share for the year, up from their previous forecast of $4.47. The consensus estimate for NMI’s current full-year earnings is $4.54 per share. Zacks Research also issued estimates for NMI’s Q1 2025 earnings at $1.14 EPS, Q2 2025 earnings at $1.16 EPS, Q4 2025 earnings at $1.24 EPS, FY2025 earnings at $4.73 EPS, Q1 2026 earnings at $1.26 EPS, Q2 2026 earnings at $1.27 EPS, Q3 2026 earnings at $1.25 EPS and FY2026 earnings at $5.07 EPS.

A number of other research analysts have also recently commented on NMIH. StockNews.com cut NMI from a “buy” rating to a “hold” rating in a research note on Wednesday, August 21st. JPMorgan Chase & Co. upped their target price on NMI from $42.00 to $46.00 and gave the company an “overweight” rating in a research report on Monday, October 7th. Barclays raised their price objective on shares of NMI from $43.00 to $48.00 and gave the stock an “overweight” rating in a report on Tuesday, October 8th. Finally, Royal Bank of Canada dropped their target price on shares of NMI from $48.00 to $47.00 and set an “outperform” rating for the company in a research report on Thursday, November 7th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, NMI presently has an average rating of “Moderate Buy” and a consensus target price of $43.29.

NMI Stock Performance

NMI stock opened at $39.99 on Monday. NMI has a 12 month low of $27.25 and a 12 month high of $42.49. The stock’s 50-day moving average is $39.55 and its 200-day moving average is $37.53. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.83 and a quick ratio of 0.83. The company has a market cap of $3.16 billion, a price-to-earnings ratio of 9.15, a price-to-earnings-growth ratio of 0.98 and a beta of 1.13.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. State Street Corp lifted its stake in shares of NMI by 1.0% in the 3rd quarter. State Street Corp now owns 3,565,348 shares of the financial services provider’s stock worth $146,857,000 after acquiring an additional 35,351 shares during the period. Van Berkom & Associates Inc. lifted its position in NMI by 2.1% in the second quarter. Van Berkom & Associates Inc. now owns 2,451,743 shares of the financial services provider’s stock worth $83,457,000 after purchasing an additional 51,194 shares during the period. Assenagon Asset Management S.A. lifted its position in NMI by 38.0% in the third quarter. Assenagon Asset Management S.A. now owns 1,942,428 shares of the financial services provider’s stock worth $80,009,000 after purchasing an additional 534,818 shares during the period. American Century Companies Inc. boosted its stake in NMI by 18.4% during the 2nd quarter. American Century Companies Inc. now owns 1,617,601 shares of the financial services provider’s stock valued at $55,063,000 after purchasing an additional 251,664 shares in the last quarter. Finally, FMR LLC increased its position in shares of NMI by 7.6% during the 3rd quarter. FMR LLC now owns 1,517,092 shares of the financial services provider’s stock valued at $62,489,000 after purchasing an additional 107,771 shares during the period. Institutional investors and hedge funds own 94.12% of the company’s stock.

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.