NMI Holdings, Inc. (NASDAQ:NMIH) - Equities researchers at B. Riley issued their Q3 2021 EPS estimates for NMI in a research report issued to clients and investors on Wednesday, October 20th. B. Riley analyst C. Johnson anticipates that the financial services provider will post earnings per share of $0.69 for the quarter. B. Riley currently has a "Buy" rating and a $32.00 target price on the stock.
Several other equities analysts have also recently weighed in on the company. Zacks Investment Research raised NMI from a "hold" rating to a "buy" rating and set a $25.00 target price on the stock in a research note on Monday, October 4th. Barclays upped their price objective on shares of NMI from $34.00 to $35.00 and gave the company an "overweight" rating in a research note on Tuesday, October 12th. Finally, Credit Suisse Group raised shares of NMI from a "neutral" rating to an "outperform" rating and upped their price target for the stock from $29.00 to $30.00 in a research note on Monday, October 11th. They noted that the move was a valuation call. Six research analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of "Buy" and an average target price of $31.00.
NASDAQ:NMIH opened at $24.87 on Friday. The business's fifty day moving average price is $22.64 and its 200 day moving average price is $22.99. The firm has a market capitalization of $2.13 billion, a price-to-earnings ratio of 10.96 and a beta of 1.70. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 0.27. NMI has a 1-year low of $19.83 and a 1-year high of $26.82. NMI (NASDAQ:NMIH) last announced its earnings results on Tuesday, August 3rd. The financial services provider reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.04. The company had revenue of $120.77 million for the quarter, compared to the consensus estimate of $119.61 million. NMI had a net margin of 43.40% and a return on equity of 14.69%.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Ellis Investment Partners LLC boosted its position in NMI by 1.2% during the third quarter. Ellis Investment Partners LLC now owns 100,914 shares of the financial services provider's stock worth $2,281,000 after purchasing an additional 1,195 shares during the period. Virginia Retirement Systems ET AL raised its holdings in NMI by 5.6% in the 3rd quarter. Virginia Retirement Systems ET AL now owns 45,100 shares of the financial services provider's stock worth $1,020,000 after acquiring an additional 2,400 shares during the period. Assenagon Asset Management S.A. raised its holdings in NMI by 437.9% in the 3rd quarter. Assenagon Asset Management S.A. now owns 120,673 shares of the financial services provider's stock worth $2,728,000 after acquiring an additional 98,239 shares during the period. Lincoln Capital Corp lifted its position in NMI by 33.2% during the 3rd quarter. Lincoln Capital Corp now owns 151,289 shares of the financial services provider's stock worth $3,421,000 after acquiring an additional 37,692 shares during the last quarter. Finally, Louisiana State Employees Retirement System boosted its holdings in NMI by 7.0% during the third quarter. Louisiana State Employees Retirement System now owns 41,300 shares of the financial services provider's stock valued at $934,000 after acquiring an additional 2,700 shares during the period. Institutional investors own 93.24% of the company's stock.
NMI Holdings, Inc engages in the provision of private mortgage guaranty insurance. It focuses on long-term customer relationships, disciplined and proactive risk selection and pricing, fair and transparent claims payment practices, responsive customer service, financial strength, and profitability. The company was founded on May 19, 2011 and is headquartered in Emeryville, CA.
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