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

Shares of NMI Holdings, Inc. (NASDAQ:NMIH) have received an average rating of “Moderate Buy” from the seven analysts that are currently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $42.29.

NMIH has been the topic of a number of recent research reports. Royal Bank of Canada decreased their target price on NMI from $48.00 to $47.00 and set an “outperform” rating on the stock in a report on Thursday, November 7th. JPMorgan Chase & Co. cut their price objective on NMI from $46.00 to $41.00 and set an “overweight” rating on the stock in a report on Monday, December 9th. Keefe, Bruyette & Woods raised shares of NMI from a “market perform” rating to an “outperform” rating and set a $43.00 price objective for the company in a research note on Monday, February 24th. Barclays downgraded shares of NMI from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $48.00 to $41.00 in a research report on Monday, January 6th. Finally, UBS Group reduced their price target on shares of NMI from $42.00 to $41.00 and set a “neutral” rating for the company in a research report on Wednesday, February 19th.

Insider Buying and Selling at NMI

In other NMI news, EVP Mohammad Nawaz Yousaf sold 1,083 shares of the firm’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $35.44, for a total transaction of $38,381.52. Following the transaction, the executive vice president now directly owns 49,218 shares in the company, valued at $1,744,285.92. This trade represents a 2.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Norman Peter Fitzgerald sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $35.88, for a total value of $717,600.00. Following the completion of the transaction, the executive vice president now directly owns 37,470 shares in the company, valued at $1,344,423.60. The trade was a 34.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.70% of the company’s stock.

Hedge Funds Weigh In On NMI

Institutional investors have recently made changes to their positions in the business. Principal Securities Inc. increased its position in NMI by 66.5% in the 4th quarter. Principal Securities Inc. now owns 716 shares of the financial services provider’s stock worth $26,000 after buying an additional 286 shares during the period. Smartleaf Asset Management LLC grew its stake in shares of NMI by 288.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,868 shares of the financial services provider’s stock worth $69,000 after acquiring an additional 1,387 shares during the last quarter. Covestor Ltd raised its stake in NMI by 601.1% during the 4th quarter. Covestor Ltd now owns 1,893 shares of the financial services provider’s stock valued at $70,000 after purchasing an additional 1,623 shares during the last quarter. Sterling Capital Management LLC boosted its holdings in NMI by 786.1% in the 4th quarter. Sterling Capital Management LLC now owns 2,295 shares of the financial services provider’s stock valued at $84,000 after purchasing an additional 2,036 shares during the period. Finally, KBC Group NV grew its position in NMI by 38.3% in the 4th quarter. KBC Group NV now owns 3,221 shares of the financial services provider’s stock worth $118,000 after purchasing an additional 892 shares during the last quarter. 94.12% of the stock is currently owned by institutional investors.

NMI Price Performance

Shares of NMIH opened at $35.68 on Wednesday. NMI has a one year low of $29.05 and a one year high of $42.49. The stock’s fifty day moving average is $36.75 and its 200-day moving average is $38.52. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.83 and a current ratio of 0.60. The firm has a market capitalization of $2.80 billion, a price-to-earnings ratio of 8.05, a price-to-earnings-growth ratio of 1.41 and a beta of 1.02.

NMI (NASDAQ:NMIH) last released its earnings results on Wednesday, February 12th. The financial services provider reported $1.07 earnings per share for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.07). NMI had a return on equity of 17.33% and a net margin of 55.32%. Equities analysts anticipate that NMI will post 4.62 EPS for the current year.

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.