Zacks Research Has Optimistic Outlook of NMI FY2024 Earnings

NMI Holdings, Inc. (NASDAQ:NMIH) – Investment analysts at Zacks Research increased their FY2024 earnings per share (EPS) estimates for NMI in a report issued on Tuesday, December 24th. Zacks Research analyst R. Department now forecasts that the financial services provider will post earnings per share of $4.53 for the year, up from their prior forecast of $4.52. 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 $1.13 EPS, Q3 2025 earnings at $1.18 EPS and FY2026 earnings at $5.09 EPS.

A number of other research firms have also recently weighed in on NMIH. Keefe, Bruyette & Woods raised their price target on NMI from $43.00 to $44.00 and gave the company a “market perform” rating in a report on Tuesday, December 10th. Royal Bank of Canada reduced their target price on shares of NMI from $48.00 to $47.00 and set an “outperform” rating on the stock in a research report on Thursday, November 7th. JPMorgan Chase & Co. decreased their price objective on NMI from $46.00 to $41.00 and set an “overweight” rating on the stock in a research report on Monday, December 9th. Finally, Barclays boosted their target price on NMI from $43.00 to $48.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, NMI presently has an average rating of “Moderate Buy” and an average target price of $43.14.

NMI Stock Down 1.4 %

Shares of NASDAQ NMIH opened at $36.72 on Friday. The business has a fifty day moving average of $38.38 and a two-hundred day moving average of $38.12. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.83 and a current ratio of 0.83. NMI has a 52-week low of $28.67 and a 52-week high of $42.49. The stock has a market cap of $2.91 billion, a PE ratio of 8.40, a PEG ratio of 0.92 and a beta of 1.10.

Institutional Investors Weigh In On NMI

Several institutional investors have recently bought and sold shares of NMIH. Donald Smith & CO. Inc. bought a new position in NMI in the second quarter valued at approximately $29,708,000. Assenagon Asset Management S.A. grew its stake in shares of 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 valued at $80,009,000 after buying an additional 534,818 shares in the last quarter. Barclays PLC raised its position in NMI by 264.4% during the third quarter. Barclays PLC now owns 386,999 shares of the financial services provider’s stock worth $15,940,000 after acquiring an additional 280,809 shares in the last quarter. Millennium Management LLC raised its position in NMI by 34.8% during the second quarter. Millennium Management LLC now owns 1,020,415 shares of the financial services provider’s stock worth $34,735,000 after acquiring an additional 263,478 shares in the last quarter. Finally, American Century Companies Inc. lifted its stake in NMI by 18.4% in the second quarter. American Century Companies Inc. now owns 1,617,601 shares of the financial services provider’s stock valued at $55,063,000 after acquiring an additional 251,664 shares during the last quarter. Institutional investors 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.