NMI (NASDAQ:NMIH) Sets New 52-Week High at $34.02

NMI Holdings, Inc. (NASDAQ:NMIH - Get Free Report)'s stock price hit a new 52-week high during trading on Monday . The company traded as high as $34.02 and last traded at $34.02, with a volume of 511 shares changing hands. The stock had previously closed at $33.92.

Analyst Ratings Changes

Several equities analysts recently weighed in on NMIH shares. Keefe, Bruyette & Woods increased their target price on NMI from $33.00 to $36.00 and gave the stock a "market perform" rating in a research report on Thursday, April 4th. JPMorgan Chase & Co. raised their target price on shares of NMI from $35.00 to $36.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 1st. Royal Bank of Canada upped their price target on shares of NMI from $31.00 to $33.00 and gave the stock a "sector perform" rating in a research report on Thursday, February 15th. StockNews.com raised shares of NMI from a "hold" rating to a "buy" rating in a research note on Friday, May 3rd. Finally, Compass Point boosted their price objective on shares of NMI from $33.00 to $36.00 and gave the company a "buy" rating in a research note on Tuesday, May 7th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, NMI presently has a consensus rating of "Moderate Buy" and a consensus price target of $35.22.

NMI Trading Down 1.4 %

The stock has a market capitalization of $2.69 billion, a PE ratio of 8.34, a PEG ratio of 1.17 and a beta of 1.06. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.20. The business's 50-day moving average is $30.95 and its two-hundred day moving average is $29.78.

NMI (NASDAQ:NMIH - Get Free Report) last issued its earnings results on Tuesday, April 30th. The financial services provider reported $1.08 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.12. The company had revenue of $156.25 million during the quarter, compared to the consensus estimate of $133.76 million. NMI had a return on equity of 18.09% and a net margin of 56.26%. The company's revenue was up 14.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.88 earnings per share. On average, analysts predict that NMI Holdings, Inc. will post 4.19 earnings per share for the current year.

Insider Activity

In other NMI news, Director James G. Jones sold 54,900 shares of the company's stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $30.16, for a total value of $1,655,784.00. Following the completion of the transaction, the director now directly owns 57,641 shares of the company's stock, valued at approximately $1,738,452.56. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other NMI news, EVP Robert Owen Smith sold 3,000 shares of NMI stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $31.19, for a total value of $93,570.00. Following the completion of the transaction, the executive vice president now directly owns 82,612 shares in the company, valued at $2,576,668.28. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director James G. Jones sold 54,900 shares of the stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $30.16, for a total value of $1,655,784.00. Following the sale, the director now owns 57,641 shares in the company, valued at $1,738,452.56. The disclosure for this sale can be found here. Insiders have sold 125,763 shares of company stock worth $3,808,175 over the last 90 days. Company insiders own 2.40% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Lazard Asset Management LLC raised its stake in NMI by 426.0% during the 3rd quarter. Lazard Asset Management LLC now owns 52,255 shares of the financial services provider's stock valued at $1,414,000 after acquiring an additional 42,321 shares in the last quarter. Tudor Investment Corp Et Al grew its holdings in NMI by 223.8% during the third quarter. Tudor Investment Corp Et Al now owns 205,640 shares of the financial services provider's stock worth $5,571,000 after acquiring an additional 142,135 shares during the period. Federated Hermes Inc. raised its position in NMI by 39,091.4% in the fourth quarter. Federated Hermes Inc. now owns 31,745 shares of the financial services provider's stock worth $942,000 after acquiring an additional 31,664 shares in the last quarter. Brandywine Global Investment Management LLC lifted its holdings in NMI by 14.1% in the 3rd quarter. Brandywine Global Investment Management LLC now owns 250,077 shares of the financial services provider's stock valued at $6,775,000 after acquiring an additional 30,925 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of NMI by 3.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,692 shares of the financial services provider's stock valued at $555,000 after buying an additional 663 shares in the last quarter. Institutional investors and hedge funds own 94.12% of the company's stock.

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.