NMI Holdings, Inc. (NASDAQ:NMIH) Receives $34.13 Average Target Price from Analysts

NMI Holdings, Inc. (NASDAQ:NMIH) has earned a consensus recommendation of “Moderate Buy” from the seven ratings firms that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price target among analysts that have covered the stock in the last year is $34.13.

NMIH has been the topic of a number of analyst reports. Truist Financial lifted their target price on shares of NMI from $34.00 to $36.00 and gave the company a “buy” rating in a research note on Thursday, February 15th. Royal Bank of Canada increased their target price on NMI from $31.00 to $33.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 15th. JPMorgan Chase & Co. boosted their price target on NMI from $33.00 to $34.00 and gave the stock an “overweight” rating in a report on Thursday, February 15th. StockNews.com lowered shares of NMI from a “buy” rating to a “hold” rating in a report on Thursday. Finally, UBS Group started coverage on shares of NMI in a report on Wednesday, December 6th. They issued a “buy” rating and a $36.00 target price on the stock.

NMI Stock Performance

Shares of NMIH opened at $30.82 on Wednesday. The business has a 50-day simple moving average of $30.15 and a two-hundred day simple moving average of $28.85. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.21. NMI has a 52 week low of $20.61 and a 52 week high of $32.50. The stock has a market cap of $2.48 billion, a price-to-earnings ratio of 8.03, a PEG ratio of 1.14 and a beta of 1.06.

NMI (NASDAQ:NMIH) last announced its quarterly earnings data on Wednesday, February 14th. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.06. NMI had a return on equity of 17.97% and a net margin of 55.63%. The company had revenue of $151.38 million during the quarter, compared to the consensus estimate of $131.70 million. During the same period in the previous year, the company posted $0.86 EPS. The firm’s revenue was up 13.7% on a year-over-year basis. On average, analysts expect that NMI will post 4.04 EPS for the current year.

Insider Activity at NMI

In other NMI news, EVP Robert Owen Smith sold 3,000 shares of NMI stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $31.19, for a total value of $93,570.00. Following the completion of the transaction, the executive vice president now directly owns 82,612 shares of the company’s stock, valued at approximately $2,576,668.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP Mohammad Nawaz Yousaf sold 1,117 shares of the stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $29.95, for a total value of $33,454.15. Following the completion of the transaction, the executive vice president now owns 32,909 shares of the company’s stock, valued at approximately $985,624.55. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Robert Owen Smith sold 3,000 shares of the stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $31.19, for a total transaction of $93,570.00. Following the completion of the transaction, the executive vice president now directly owns 82,612 shares of the company’s stock, valued at approximately $2,576,668.28. The disclosure for this sale can be found here. Insiders have sold a total of 316,576 shares of company stock valued at $9,556,978 over the last 90 days. 2.70% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Citigroup Inc. lifted its stake in NMI by 11.0% in the first quarter. Citigroup Inc. now owns 75,317 shares of the financial services provider’s stock worth $1,554,000 after purchasing an additional 7,439 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in NMI by 15.6% in the first quarter. PNC Financial Services Group Inc. now owns 5,738 shares of the financial services provider’s stock worth $118,000 after purchasing an additional 774 shares during the last quarter. Natixis Advisors L.P. bought a new stake in NMI in the first quarter worth about $352,000. Bank of Montreal Can lifted its stake in NMI by 61.1% in the first quarter. Bank of Montreal Can now owns 39,481 shares of the financial services provider’s stock worth $848,000 after purchasing an additional 14,975 shares during the last quarter. Finally, MetLife Investment Management LLC lifted its stake in NMI by 55.1% in the first quarter. MetLife Investment Management LLC now owns 46,887 shares of the financial services provider’s stock worth $967,000 after purchasing an additional 16,650 shares during the last quarter. Institutional investors own 94.12% of the company’s stock.

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.