NMI Holdings, Inc. (NASDAQ:NMIH) Receives $35.56 Consensus Target Price from Analysts

Shares of NMI Holdings, Inc. (NASDAQ:NMIH) have been assigned an average rating of “Moderate Buy” from the nine research firms that are presently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $35.56.

Several equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. increased their target price 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. Truist Financial boosted their price objective on NMI from $36.00 to $37.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. UBS Group lowered NMI from a “buy” rating to a “neutral” rating and increased their target price for the company from $37.00 to $39.00 in a research report on Wednesday, May 22nd. StockNews.com raised shares of NMI from a “hold” rating to a “buy” rating in a report on Wednesday, June 19th. Finally, Compass Point increased their price objective on shares of NMI from $33.00 to $36.00 and gave the company a “buy” rating in a report on Tuesday, May 7th.

Institutional Trading of NMI

Hedge funds have recently bought and sold shares of the business. Daiwa Securities Group Inc. acquired a new stake in shares of NMI in the fourth quarter valued at approximately $27,000. Fidelis Capital Partners LLC acquired a new stake in shares of NMI in the 1st quarter worth $31,000. TFO Wealth Partners LLC increased 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 worth $37,000 after acquiring an additional 1,225 shares during the last quarter. Robeco Institutional Asset Management B.V. purchased a new position in shares of NMI during the 4th quarter worth $145,000. Finally, Quadrant Capital Group LLC boosted its position in shares of NMI by 6.1% during the 4th quarter. Quadrant Capital Group LLC now owns 6,071 shares of the financial services provider’s stock valued at $180,000 after acquiring an additional 350 shares during the last quarter. Institutional investors and hedge funds own 94.12% of the company’s stock.

NMI Stock Down 0.1 %

NMI stock opened at $34.23 on Friday. NMI has a 52 week low of $24.83 and a 52 week high of $34.58. The firm has a market cap of $2.75 billion, a price-to-earnings ratio of 8.47, a price-to-earnings-growth ratio of 1.17 and a beta of 1.09. The business’s 50-day moving average price is $32.99 and its 200 day moving average price is $31.17. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.20.

NMI (NASDAQ:NMIH) last issued its quarterly earnings data on Tuesday, April 30th. The financial services provider reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.12. NMI had a net margin of 56.26% and a return on equity of 18.09%. The business 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 earned $0.88 EPS. The business’s revenue was up 14.2% on a year-over-year basis. As a group, sell-side analysts anticipate that NMI will post 4.24 earnings per share 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.