NMI Holdings Inc (NASDAQ:NMIH) Given Consensus Rating of "Moderate Buy" by Analysts

Key Points

• NMI Holdings received a “Moderate Buy” consensus rating from six analysts, with four buys and two holds. The average 12-month price target is $48.33, above the reported share price of $42.90.
• NMI reported quarterly EPS of $1.38, exceeding the $1.28 analyst consensus, while revenue of $187.89 million surpassed expectations and increased 8.1% year over year.
• Insiders sold 196,368 shares worth approximately $8.8 million during the last quarter, including sizable sales by the CEO and an executive vice president; institutional investors own 94.12% of the stock.

NMI Holdings Inc (NASDAQ:NMIH - Get Free Report) has been given an average rating of "Moderate Buy" by the six analysts that are currently covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $48.3333.

NMIH has been the topic of several recent research reports. Royal Bank Of Canada reissued an "outperform" rating and issued a $53.00 price target on shares of NMI in a report on Tuesday, August 4th. Keefe, Bruyette & Woods restated a "market perform" rating and set a $47.00 price objective on shares of NMI in a research note on Monday, August 3rd. Weiss Ratings reaffirmed a "buy (b)" rating on shares of NMI in a research report on Wednesday, September 9th. JPMorgan Chase & Co. raised their target price on NMI from $48.00 to $50.00 and gave the company an "overweight" rating in a research note on Friday, July 31st. Finally, UBS Group set a $46.00 price target on shares of NMI in a report on Friday, May 22nd.

Insider Buying and Selling

In related news, EVP Aurora Swithenbank sold 11,662 shares of NMI stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $44.51, for a total value of $519,075.62. Following the sale, the executive vice president directly owned 50,734 shares in the company, valued at $2,258,170.34. This trade represents a 18.69% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Adam Pollitzer sold 172,706 shares of the business's stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $44.85, for a total transaction of $7,745,864.10. Following the transaction, the chief executive officer directly owned 270,267 shares of the company's stock, valued at $12,121,474.95. The trade was a 38.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 196,368 shares of company stock valued at $8,800,740 in the last quarter. Company insiders own 2.44% of the company's stock.

Institutional Trading of NMI

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Bessemer Group Inc. boosted its holdings in shares of NMI by 34.0% in the first quarter. Bessemer Group Inc. now owns 1,071 shares of the financial services provider's stock valued at $40,000 after acquiring an additional 272 shares in the last quarter. Rockefeller Capital Management L.P. lifted its position in NMI by 35.0% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,160 shares of the financial services provider's stock worth $47,000 after purchasing an additional 301 shares during the period. Evolve Private Wealth LLC lifted its position in NMI by 1.6% in the first quarter. Evolve Private Wealth LLC now owns 19,525 shares of the financial services provider's stock worth $732,000 after purchasing an additional 302 shares during the period. GAMMA Investing LLC boosted its stake in NMI by 11.6% during the 2nd quarter. GAMMA Investing LLC now owns 2,989 shares of the financial services provider's stock valued at $123,000 after purchasing an additional 310 shares in the last quarter. Finally, Pacer Advisors Inc. boosted its stake in NMI by 58.7% during the 1st quarter. Pacer Advisors Inc. now owns 1,006 shares of the financial services provider's stock valued at $38,000 after purchasing an additional 372 shares in the last quarter. 94.12% of the stock is currently owned by institutional investors.

NMI Price Performance

Shares of NASDAQ:NMIH opened at $42.90 on Friday. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.15. NMI has a fifty-two week low of $34.84 and a fifty-two week high of $46.74. The firm has a 50-day simple moving average of $44.03 and a 200 day simple moving average of $40.35. The company has a market cap of $3.23 billion, a PE ratio of 8.44, a P/E/G ratio of 1.16 and a beta of 0.53.

NMI (NASDAQ:NMIH - Get Free Report) last issued its earnings results on Thursday, July 30th. The financial services provider reported $1.38 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.28 by $0.10. The firm had revenue of $187.89 million for the quarter, compared to analysts' expectations of $156.26 million. NMI had a net margin of 54.10% and a return on equity of 15.13%. NMI's revenue was up 8.1% on a year-over-year basis. During the same quarter last year, the company posted $1.22 earnings per share. On average, sell-side analysts anticipate that NMI will post 5.25 EPS for the current year.

About NMI

NMI Holdings, Inc NASDAQ: NMIH is the parent company of National MI, a provider of private mortgage insurance in the United States. Through its insurance subsidiaries, the company offers mortgage insurance to lenders and other mortgage market participants, helping protect against losses when borrowers default on residential home loans.

National MI's products support conventional residential mortgages, including borrower-paid and lender-paid mortgage insurance arrangements. Its coverage is generally used when a homebuyer makes a down payment of less than 20%, enabling lenders to extend mortgage credit while reducing their exposure to potential default-related losses.

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