Zacks Research Has Bullish Forecast for NMI FY2024 Earnings

NMI Holdings, Inc. (NASDAQ:NMIH - Free Report) - Equities research analysts at Zacks Research raised their FY2024 earnings per share estimates for NMI in a report issued on Wednesday, November 27th. Zacks Research analyst R. Department now expects that the financial services provider will post earnings per share of $4.52 for the year, up from their previous estimate of $4.47. The consensus estimate for NMI's current full-year earnings is $4.54 per share. Zacks Research also issued estimates for NMI's Q1 2025 earnings at $1.14 EPS, Q2 2025 earnings at $1.16 EPS, Q4 2025 earnings at $1.24 EPS, FY2025 earnings at $4.73 EPS, Q1 2026 earnings at $1.26 EPS, Q2 2026 earnings at $1.27 EPS, Q3 2026 earnings at $1.25 EPS and FY2026 earnings at $5.07 EPS.

Several other research firms have also commented on NMIH. JPMorgan Chase & Co. boosted their price target on shares of NMI from $42.00 to $46.00 and gave the company an "overweight" rating in a report on Monday, October 7th. Royal Bank of Canada reduced their price objective on shares of NMI from $48.00 to $47.00 and set an "outperform" rating for the company in a research note on Thursday, November 7th. StockNews.com cut NMI from a "buy" rating to a "hold" rating in a research report on Wednesday, August 21st. Finally, Barclays boosted their price target on NMI from $43.00 to $48.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 8th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $43.29.

NMI Stock Up 1.0 %

Shares of NMIH stock traded up $0.39 on Monday, hitting $40.38. The stock had a trading volume of 484,187 shares, compared to its average volume of 530,299. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.19. NMI has a one year low of $27.25 and a one year high of $42.49. The business has a 50 day moving average price of $39.53 and a 200 day moving average price of $37.58. The company has a market cap of $3.20 billion, a PE ratio of 9.24, a P/E/G ratio of 0.98 and a beta of 1.13.

Institutional Investors Weigh In On NMI

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Algert Global LLC lifted its stake in shares of NMI by 88.9% during the third quarter. Algert Global LLC now owns 142,141 shares of the financial services provider's stock worth $5,855,000 after buying an additional 66,880 shares during the period. Leeward Investments LLC MA grew its stake in NMI by 5.6% during the 2nd quarter. Leeward Investments LLC MA now owns 306,985 shares of the financial services provider's stock valued at $10,450,000 after purchasing an additional 16,295 shares during the last quarter. Edgestream Partners L.P. increased its holdings in shares of NMI by 13.1% in the second quarter. Edgestream Partners L.P. now owns 172,794 shares of the financial services provider's stock valued at $5,882,000 after purchasing an additional 20,048 shares during the period. Panagora Asset Management Inc. increased its holdings in shares of NMI by 5.8% in the second quarter. Panagora Asset Management Inc. now owns 526,287 shares of the financial services provider's stock valued at $17,915,000 after purchasing an additional 29,040 shares during the period. Finally, Assenagon Asset Management S.A. raised its stake in shares of NMI by 38.0% in the third quarter. Assenagon Asset Management S.A. now owns 1,942,428 shares of the financial services provider's stock worth $80,009,000 after purchasing an additional 534,818 shares during the last quarter. 94.12% of the stock is currently owned by hedge funds and other institutional investors.

About NMI

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.