NMI Holdings, Inc. (NASDAQ:NMIH) Receives $42.29 Average Price Target from Brokerages

NMI Holdings, Inc. (NASDAQ:NMIH) has been given a consensus rating of “Moderate Buy” by the seven analysts that are presently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $42.29.

Several equities research analysts have recently commented on NMIH shares. JPMorgan Chase & Co. reduced their price objective on NMI from $46.00 to $41.00 and set an “overweight” rating for the company in a research note on Monday, December 9th. Keefe, Bruyette & Woods upgraded 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 lowered NMI from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $48.00 to $41.00 in a research note on Monday, January 6th. Finally, UBS Group reduced their price objective on NMI from $42.00 to $41.00 and set a “neutral” rating for the company in a research note on Wednesday, February 19th.

NMI Price Performance

Shares of NMIH opened at $35.43 on Wednesday. The company has a current ratio of 0.60, a quick ratio of 0.83 and a debt-to-equity ratio of 0.19. The firm has a market cap of $2.78 billion, a PE ratio of 8.00, a P/E/G ratio of 1.41 and a beta of 1.02. NMI has a 1-year low of $29.05 and a 1-year high of $42.49. The firm has a fifty day simple moving average of $36.67 and a two-hundred day simple moving average of $38.46.

NMI (NASDAQ:NMIH) last posted its quarterly earnings data on Wednesday, February 12th. The financial services provider reported $1.07 EPS for the quarter, missing the consensus estimate of $1.14 by ($0.07). NMI had a return on equity of 17.33% and a net margin of 55.32%. On average, equities analysts anticipate that NMI will post 4.62 EPS for the current year.

Insider Buying and Selling

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Principal Securities Inc. boosted its holdings in shares of NMI by 66.5% during the 4th quarter. Principal Securities Inc. now owns 716 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 286 shares during the last quarter. Janney Montgomery Scott LLC grew its position in NMI by 2.2% in the fourth quarter. Janney Montgomery Scott LLC now owns 14,883 shares of the financial services provider’s stock worth $547,000 after acquiring an additional 320 shares in the last quarter. Tealwood Asset Management Inc. grew its position in NMI by 1.2% in the fourth quarter. Tealwood Asset Management Inc. now owns 32,192 shares of the financial services provider’s stock worth $1,183,000 after acquiring an additional 376 shares in the last quarter. Atria Investments Inc grew its position in NMI by 5.9% in the fourth quarter. Atria Investments Inc now owns 7,572 shares of the financial services provider’s stock worth $278,000 after acquiring an additional 422 shares in the last quarter. Finally, Summit Investment Advisors Inc. grew its position in NMI by 5.6% in the fourth quarter. Summit Investment Advisors Inc. now owns 8,208 shares of the financial services provider’s stock worth $302,000 after acquiring an additional 433 shares in 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.