NMI Holdings, Inc. Expected to Earn FY2024 Earnings of $4.47 Per Share (NASDAQ:NMIH)

NMI Holdings, Inc. (NASDAQ:NMIH) – Equities researchers at Zacks Research upped their FY2024 EPS estimates for NMI in a research report issued on Thursday, September 26th. Zacks Research analyst R. Department now anticipates that the financial services provider will post earnings per share of $4.47 for the year, up from their previous forecast of $4.46. The consensus estimate for NMI’s current full-year earnings is $4.50 per share. Zacks Research also issued estimates for NMI’s Q4 2024 earnings at $1.10 EPS, Q4 2025 earnings at $1.20 EPS, FY2025 earnings at $4.69 EPS and FY2026 earnings at $4.89 EPS.

NMIH has been the topic of a number of other reports. Truist Financial raised their target price on shares of NMI from $37.00 to $47.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Keefe, Bruyette & Woods raised their target price on shares of NMI from $37.00 to $40.00 and gave the stock a “market perform” rating in a research report on Thursday, August 1st. Royal Bank of Canada raised shares of NMI from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from $40.00 to $48.00 in a research report on Wednesday, September 18th. StockNews.com lowered shares of NMI from a “buy” rating to a “hold” rating in a research report on Wednesday, August 21st. Finally, JPMorgan Chase & Co. raised their target price on shares of NMI from $40.00 to $42.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $41.00.

NMI Stock Up 0.4 %

Shares of NASDAQ NMIH opened at $41.03 on Monday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.67 and a quick ratio of 0.67. The company has a market cap of $3.29 billion, a P/E ratio of 10.16, a PEG ratio of 0.94 and a beta of 1.12. NMI has a 1 year low of $25.62 and a 1 year high of $42.49. The firm has a 50-day simple moving average of $39.42 and a two-hundred day simple moving average of $34.94.

NMI (NASDAQ:NMIH) last announced its quarterly earnings data on Tuesday, July 30th. The financial services provider reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.15. The business had revenue of $162.12 million during the quarter, compared to the consensus estimate of $138.49 million. NMI had a net margin of 56.40% and a return on equity of 18.29%. The firm’s quarterly revenue was up 13.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.95 earnings per share.

Insider Activity at NMI

In related news, Director Michael J. Embler sold 26,008 shares of NMI stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $39.35, for a total transaction of $1,023,414.80. Following the transaction, the director now directly owns 61,607 shares of the company’s stock, valued at $2,424,235.45. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, Director Michael J. Embler sold 26,008 shares of the company’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $39.35, for a total transaction of $1,023,414.80. Following the transaction, the director now directly owns 61,607 shares of the company’s stock, valued at $2,424,235.45. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider William J. Leatherberry sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $40.07, for a total value of $120,210.00. Following the completion of the sale, the insider now directly owns 153,689 shares of the company’s stock, valued at approximately $6,158,318.23. The disclosure for this sale can be found here. 2.70% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On NMI

Institutional investors have recently added to or reduced their stakes in the business. Opal Wealth Advisors LLC acquired a new stake in NMI in the second quarter worth about $29,000. Quarry LP boosted its holdings in NMI by 135.1% in the second quarter. Quarry LP now owns 858 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 493 shares in the last quarter. Fidelis Capital Partners LLC acquired a new stake in NMI in the first quarter worth about $31,000. TFO Wealth Partners LLC boosted its holdings in NMI by 24,500.0% in 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 in the last quarter. Finally, Picton Mahoney Asset Management purchased a new position in shares of NMI in the second quarter worth about $63,000. 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.