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

Shares of NMI Holdings, Inc. (NASDAQ:NMIH) have received a consensus rating of “Moderate Buy” from the nine brokerages that are presently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $35.56.

NMIH has been the topic of a number of recent research reports. UBS Group cut NMI from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $37.00 to $39.00 in a research note on Wednesday, May 22nd. Compass Point boosted their price objective on NMI from $33.00 to $36.00 and gave the stock a “buy” rating in a research note on Tuesday, May 7th. JPMorgan Chase & Co. boosted their price objective on NMI from $35.00 to $36.00 and gave the company an “overweight” rating in a report on Wednesday, May 1st. Keefe, Bruyette & Woods lifted their target price on NMI from $33.00 to $36.00 and gave the company a “market perform” rating in a research note on Thursday, April 4th. Finally, StockNews.com upgraded NMI from a “hold” rating to a “buy” rating in a research note on Wednesday, June 19th.

NMI Price Performance

NMIH stock opened at $33.40 on Friday. NMI has a 52-week low of $24.83 and a 52-week high of $34.33. The stock’s fifty day simple moving average is $32.63 and its 200-day simple moving average is $30.98. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $2.68 billion, a price-to-earnings ratio of 8.27, a price-to-earnings-growth ratio of 1.14 and a beta of 1.08.

NMI (NASDAQ:NMIH) last issued its earnings results on Tuesday, April 30th. The financial services provider reported $1.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.96 by $0.12. NMI had a return on equity of 18.09% and a net margin of 56.26%. The firm had revenue of $156.25 million for the quarter, compared to analysts’ expectations of $133.76 million. During the same quarter last year, the firm earned $0.88 earnings per share. The firm’s revenue for the quarter was up 14.2% compared to the same quarter last year. Equities research analysts expect that NMI will post 4.24 EPS for the current year.

Institutional Trading of NMI

Several hedge funds have recently modified their holdings of the company. Hancock Whitney Corp raised its holdings in shares of NMI by 1.6% during the first quarter. Hancock Whitney Corp now owns 22,098 shares of the financial services provider’s stock worth $715,000 after acquiring an additional 346 shares during the period. Quadrant Capital Group LLC grew its position in shares of NMI by 6.1% in 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 period. Illinois Municipal Retirement Fund grew its position in shares of NMI by 0.8% in the 4th quarter. Illinois Municipal Retirement Fund now owns 48,423 shares of the financial services provider’s stock valued at $1,437,000 after acquiring an additional 388 shares during the period. Hsbc Holdings PLC grew its position in shares of NMI by 5.0% in the 3rd quarter. Hsbc Holdings PLC now owns 11,765 shares of the financial services provider’s stock valued at $323,000 after acquiring an additional 565 shares during the period. Finally, Cerity Partners LLC grew its position in shares of NMI by 5.9% in the 4th quarter. Cerity Partners LLC now owns 11,567 shares of the financial services provider’s stock valued at $343,000 after acquiring an additional 644 shares during the period. Institutional investors and hedge funds 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.