NMI (NMIH) Stock Price, News & Analysis

Company Overview

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. The company was incorporated in 2011 and is headquartered in Emeryville, California.

Key Stats

• Today's Range: $37.53 to $37.95
• 50-Day Range: $36.79 to $41.73
• 52-Week Range: $27.00 to $42.49
• Volume: 400,055 shs
• Average Volume: 501,112 shs
• Market Capitalization: $3.00 billion
• P/E Ratio: 8.68
• Dividend Yield: N/A
• Price Target: $43.29
• Consensus Rating: Moderate Buy

NMI Stock Analysis - MarketRank™

NMI scored higher than 76% of companies evaluated by MarketBeat, and ranked 329th out of 930 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

NMI has received a consensus rating of Moderate Buy. The company's average rating score is 2.71, and is based on 5 buy ratings, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

NMI has only been the subject of 3 research reports in the past 90 days.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 4.42%

Earnings Growth

Earnings for NMI are expected to grow by 4.42% in the coming year, from $4.53 to $4.73 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of NMI is 8.68, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 131.16.

Price to Earnings Ratio vs. Sector

The P/E ratio of NMI is 8.68, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 49.34.

Price to Earnings Growth Ratio

NMI has a PEG Ratio of 0.92. PEG Ratios below 1 indicate that a company could be undervalued.

Price to Book Value per Share Ratio

NMI has a P/B Ratio of 1.60. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.01% of the float of NMI has been sold short.

Short Interest Ratio / Days to Cover

NMI has a short interest ratio ("days to cover") of 3.1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in NMI has recently decreased by 1.27%, indicating that investor sentiment is improving.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

NMI does not currently pay a dividend.

Dividend Growth

NMI does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

2.01% of the float of NMI has been sold short.

Short Interest Ratio / Days to Cover

NMI has a short interest ratio ("days to cover") of 3.1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in NMI has recently decreased by 1.27%, indicating that investor sentiment is improving.

News and Social Media

• Score: 3.2 / 5
• News Sentiment: 1.67

News Sentiment

NMI has a news sentiment score of 1.67. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.76 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 2 news articles for NMI this week, compared to 5 articles on an average week.

MarketBeat Follows

3 people have added NMI to their MarketBeat watchlist in the last 30 days. This is an increase of 50% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, NMI insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $120,210.00 in company stock.

Percentage Held by Insiders

Only 2.40% of the stock of NMI is held by insiders.

Percentage Held by Institutions

94.12% of the stock of NMI is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

NMIH Stock Analysis - Frequently Asked Questions

How have NMIH shares performed this year?

NMI's stock was trading at $29.68 on January 1st, 2024. Since then, NMIH shares have increased by 27.8% and is now trading at $37.92.
View the best growth stocks for 2024 here.

How were NMI's earnings last quarter?

NMI Holdings, Inc. (NASDAQ:NMIH) announced its quarterly earnings results on Tuesday, July, 30th. The financial services provider reported $1.20 EPS for the quarter, beating the consensus estimate of $1.05 by $0.15. The firm's quarterly revenue was up 13.6% on a year-over-year basis.

Who are NMI's major shareholders?

NMI's top institutional investors include State Street Corp (4.51%), Assenagon Asset Management S.A. (2.42%), Geode Capital Management LLC (2.41%) and FMR LLC (1.92%). Insiders that own company stock include Bradley M Shuster, William J Leatherberry, Robert Owen Smith, Michael Curry Montgomery, Michael J Embler, Norman Peter Fitzgerald, Mohammad Nawaz Yousaf, Nicholas Daniel Realmuto, James G Jones and Patrick L Mathis.
View institutional ownership trends.

How do I buy shares of NMI?

Shares of NMIH stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of NMI own?

Based on aggregate information from My MarketBeat watchlists, some other companies that NMI investors own include Humana (HUM), American Water Works (AWK), Voyager Therapeutics (VYGR), Waste Connections (WCN), The RMR Group (RMR), DiamondRock Hospitality (DRH) and AUO (AUOTY).

Company Calendar

• Last Earnings: 7/30/2024
• Today: 11/21/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/12/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: Surety insurance
• Sub-Industry: Insurance
• Current Symbol: NASDAQ:NMIH
• CUSIP: N/A
• CIK: 1547903
• Web: www.nationalmi.com
• Phone: (855) 530-6642
• Fax: N/A
• Employees: 234
• Year Founded: 2011

Price Target and Rating

• Average Stock Price Target: $43.29
• High Stock Price Target: $48.00
• Low Stock Price Target: $36.00
• Potential Upside/Downside: +14.2%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.71
• Research Coverage: 7 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $4.37
• Trailing P/E Ratio: 8.68
• Forward P/E Ratio: 8.37
• P/E Growth: 0.92
• Net Income: $322.11 million
• Net Margins: 56.20%
• Pretax Margin: 71.99%
• Return on Equity: 17.82%
• Return on Assets: 11.73%

Debt

• Debt-to-Equity Ratio: 0.19
• Current Ratio: 0.83
• Quick Ratio: 0.83

Sales & Book Value

• Annual Sales: $579 million
• Price / Sales: 5.18
• Cash Flow: $4.18 per share
• Price / Cash Flow: 9.07
• Book Value: $23.75 per share
• Price / Book: 1.60

Miscellaneous

• Outstanding Shares: 79,130,000
• Free Float: 77,233,000
• Market Cap: $3.00 billion
• Optionable: Optionable
• Beta: 1.13