Compass Point reiterated their buy rating on shares of NMI (NASDAQ:NMIH - Free Report) in a report released on Friday, Marketbeat reports. Compass Point currently has a $37.00 target price on the financial services provider's stock, up from their previous target price of $34.00.
Several other brokerages have also commented on NMIH. Wall Street Zen upgraded shares of NMI from a "hold" rating to a "buy" rating in a research note on Monday, May 5th. UBS Group cut 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. decreased their price target on NMI from $42.00 to $41.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Finally, Keefe, Bruyette & Woods lowered their price target on NMI from $43.00 to $42.00 and set an "outperform" rating on the stock in a report on Tuesday, April 8th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $42.29.
Check Out Our Latest Stock Analysis on NMIH
NMI Stock Down 0.2%
NASDAQ:NMIH traded down $0.08 during mid-day trading on Friday, reaching $39.07. The stock had a trading volume of 135,698 shares, compared to its average volume of 549,840. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.60 and a quick ratio of 0.83. The company has a market capitalization of $3.05 billion, a price-to-earnings ratio of 8.82, a price-to-earnings-growth ratio of 1.41 and a beta of 0.56. NMI has a 1-year low of $31.60 and a 1-year high of $42.49. The stock's 50 day simple moving average is $35.83 and its two-hundred day simple moving average is $36.66.
NMI (NASDAQ:NMIH - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The financial services provider reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.18. NMI had a return on equity of 17.33% and a net margin of 55.32%. The business had revenue of $173.25 million for the quarter, compared to the consensus estimate of $169.04 million. During the same quarter last year, the business posted $1.08 EPS. The business's revenue was up 10.8% on a year-over-year basis. Equities analysts anticipate that NMI will post 4.62 EPS for the current year.
Insider Activity
In other NMI news, insider William J. Leatherberry sold 13,111 shares of the firm's stock in a transaction dated Wednesday, April 30th. The stock was sold at an average price of $35.56, for a total transaction of $466,227.16. Following the completion of the sale, the insider now directly owns 163,796 shares in the company, valued at approximately $5,824,585.76. This trade represents a 7.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Michael Curry Montgomery sold 1,875 shares of NMI stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $38.05, for a total value of $71,343.75. Following the transaction, the director now directly owns 66,068 shares in the company, valued at approximately $2,513,887.40. This trade represents a 2.76% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 92,152 shares of company stock worth $3,358,017 over the last 90 days. 3.00% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Sound Income Strategies LLC purchased a new stake in NMI in the 1st quarter worth approximately $25,000. Principal Securities Inc. increased its stake in shares of NMI by 66.5% in the fourth quarter. Principal Securities Inc. now owns 716 shares of the financial services provider's stock worth $26,000 after acquiring an additional 286 shares during the last quarter. Opal Wealth Advisors LLC purchased a new stake in shares of NMI during the first quarter worth $33,000. Neo Ivy Capital Management acquired a new stake in NMI during the first quarter valued at $47,000. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in NMI during the first quarter valued at $48,000. 94.12% of the stock is owned by hedge funds and other institutional investors.
About NMI
(
Get Free Report)
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.
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