NMI (NASDAQ:NMIH) Reaches New 1-Year High at $34.39

NMI Holdings, Inc. (NASDAQ:NMIH) reached a new 52-week high on Monday . The stock traded as high as $34.39 and last traded at $33.64, with a volume of 42772 shares changing hands. The stock had previously closed at $34.04.

Analyst Ratings Changes

Several equities analysts have recently weighed in on NMIH shares. StockNews.com raised NMI from a “hold” rating to a “buy” rating in a research report on Wednesday, June 19th. Truist Financial upped 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. Compass Point upped their price objective on NMI from $33.00 to $36.00 and gave the company a “buy” rating in a research report on Tuesday, May 7th. Keefe, Bruyette & Woods upped their price objective on NMI from $33.00 to $36.00 and gave the company a “market perform” rating in a research report on Thursday, April 4th. Finally, JPMorgan Chase & Co. upped their price objective on NMI from $35.00 to $36.00 and gave the company an “overweight” rating in a research report on Wednesday, May 1st. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $35.56.

NMI Stock Performance

The business has a 50 day simple moving average of $32.85 and a 200 day simple moving average of $31.13. 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 company has a market capitalization of $2.75 billion, a PE ratio of 8.48, a PEG ratio of 1.16 and a beta of 1.09.

NMI (NASDAQ:NMIH) last released its quarterly earnings results on Tuesday, April 30th. The financial services provider reported $1.08 EPS 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 company had revenue of $156.25 million during the quarter, compared to analysts’ expectations of $133.76 million. During the same period last year, the business posted $0.88 earnings per share. The firm’s revenue was up 14.2% compared to the same quarter last year. Equities research analysts predict that NMI Holdings, Inc. will post 4.24 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Daiwa Securities Group Inc. acquired a new position in shares of NMI in the fourth quarter valued at about $27,000. Fidelis Capital Partners LLC acquired a new stake in NMI during the first quarter worth about $31,000. TFO Wealth Partners LLC grew its holdings in NMI by 24,500.0% during the fourth 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 period. Robeco Institutional Asset Management B.V. acquired a new stake in NMI during the fourth quarter worth about $145,000. Finally, Quadrant Capital Group LLC grew its holdings in NMI by 6.1% during the fourth quarter. Quadrant Capital Group LLC now owns 6,071 shares of the financial services provider’s stock worth $180,000 after acquiring an additional 350 shares during the period. 94.12% of the stock is owned by institutional investors and hedge funds.

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.