Brokerages Set NMI Holdings, Inc. (NASDAQ:NMIH) PT at $42.14

Shares of NMI Holdings, Inc. (NASDAQ:NMIH - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the seven research firms that are covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $42.14.

A number of brokerages have weighed in on NMIH. Keefe, Bruyette & Woods decreased their price target on shares of NMI from $43.00 to $42.00 and set an "outperform" rating on the stock in a report on Tuesday, April 8th. UBS Group lowered their target price on NMI from $42.00 to $41.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 19th. JPMorgan Chase & Co. lowered their price objective on shares of NMI from $42.00 to $41.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Finally, Barclays cut shares of NMI from an "overweight" rating to an "equal weight" rating and cut their target price for the company from $48.00 to $41.00 in a research note on Monday, January 6th.

NMI Stock Up 0.3 %

Shares of NMIH stock traded up $0.10 on Thursday, reaching $33.57. 13,194 shares of the stock were exchanged, compared to its average volume of 536,400. 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 company has a market capitalization of $2.63 billion, a price-to-earnings ratio of 7.58, a PEG ratio of 1.41 and a beta of 0.62. The business's 50 day moving average price is $34.89 and its 200 day moving average price is $36.85. NMI has a twelve month low of $30.35 and a twelve month high of $42.49.

NMI (NASDAQ:NMIH - Get Free Report) last issued its earnings results on Wednesday, February 12th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.14 by ($0.07). NMI had a return on equity of 17.33% and a net margin of 55.32%. As a group, sell-side analysts expect that NMI will post 4.62 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Mohammad Nawaz Yousaf sold 1,083 shares of the firm's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $35.44, for a total transaction of $38,381.52. Following the completion of the sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Norman Peter Fitzgerald sold 20,000 shares of NMI stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $35.88, for a total value of $717,600.00. Following the completion of the transaction, the executive vice president now directly owns 37,470 shares of the company's stock, valued at $1,344,423.60. This represents a 34.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.00% of the company's stock.

Institutional Trading of NMI

Large investors have recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its holdings in shares of NMI by 3.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 775,804 shares of the financial services provider's stock worth $31,955,000 after purchasing an additional 24,838 shares in the last quarter. Assetmark Inc. boosted its position in shares of NMI by 12.6% during the fourth quarter. Assetmark Inc. now owns 88,010 shares of the financial services provider's stock valued at $3,235,000 after buying an additional 9,842 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of NMI by 1.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,075,428 shares of the financial services provider's stock worth $39,533,000 after purchasing an additional 11,347 shares during the period. Barclays PLC raised its stake in NMI by 264.4% in the third quarter. Barclays PLC now owns 386,999 shares of the financial services provider's stock valued at $15,940,000 after buying an additional 280,809 shares during the last quarter. Finally, abrdn plc acquired a new position in shares of NMI in the 4th quarter valued at about $8,122,000. 94.12% of the stock is currently 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.