Brokerages Set NMI Holdings, Inc. (NASDAQ:NMIH) Target Price at $34.44

NMI Holdings, Inc. (NASDAQ:NMIH - Get Free Report) has received an average rating of "Moderate Buy" from the eight ratings firms that are currently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $34.44.

NMIH has been the topic of several analyst reports. JPMorgan Chase & Co. boosted their price objective on NMI from $34.00 to $35.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 3rd. StockNews.com cut NMI from a "buy" rating to a "hold" rating in a research note on Thursday, March 21st. Truist Financial boosted their price objective on NMI from $34.00 to $36.00 and gave the stock a "buy" rating in a research note on Thursday, February 15th. Royal Bank of Canada upped their target price on NMI from $31.00 to $33.00 and gave the company a "sector perform" rating in a research note on Thursday, February 15th. Finally, Keefe, Bruyette & Woods upped their target price on NMI from $33.00 to $36.00 and gave the company a "market perform" rating in a research note on Thursday, April 4th.

Insider Activity at NMI

In related news, Chairman Bradley M. Shuster sold 12,836 shares of the business's stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $30.53, for a total value of $391,883.08. Following the completion of the sale, the chairman now owns 427,271 shares in the company, valued at $13,044,583.63. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other NMI news, EVP Robert Owen Smith sold 3,000 shares of the company's stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $31.19, for a total transaction of $93,570.00. Following the completion of the sale, the executive vice president now owns 82,612 shares in the company, valued at $2,576,668.28. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Chairman Bradley M. Shuster sold 12,836 shares of the stock in a transaction on Monday, February 12th. The shares were sold at an average price of $30.53, for a total value of $391,883.08. Following the sale, the chairman now owns 427,271 shares of the company's stock, valued at approximately $13,044,583.63. The disclosure for this sale can be found here. Over the last quarter, insiders sold 145,158 shares of company stock worth $4,395,582. Company insiders own 2.70% of the company's stock.

Institutional Trading of NMI

Several hedge funds and other institutional investors have recently made changes to their positions in NMIH. Daiwa Securities Group Inc. purchased a new stake in shares of NMI during the 4th quarter valued at $27,000. Point72 Hong Kong Ltd acquired a new position in shares of NMI in the 1st quarter valued at $33,000. Quarry LP acquired a new position in shares of NMI in the 2nd quarter valued at $34,000. TFO Wealth Partners LLC increased its position in shares of NMI by 24,500.0% in the 4th quarter. TFO Wealth Partners LLC now owns 1,230 shares of the financial services provider's stock valued at $37,000 after acquiring an additional 1,225 shares during the period. Finally, Public Employees Retirement System of Ohio increased its position in shares of NMI by 45.2% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 2,013 shares of the financial services provider's stock valued at $41,000 after acquiring an additional 627 shares during the period. Hedge funds and other institutional investors own 94.12% of the company's stock.

NMI Price Performance

Shares of NMIH stock traded down $0.08 during trading hours on Friday, hitting $29.87. The stock had a trading volume of 405,534 shares, compared to its average volume of 614,431. NMI has a one year low of $22.22 and a one year high of $32.50. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.73 and a quick ratio of 0.73. The stock's 50-day moving average price is $30.29 and its two-hundred day moving average price is $29.16. The stock has a market capitalization of $2.41 billion, a price-to-earnings ratio of 7.78, a PEG ratio of 1.11 and a beta of 1.06.

NMI (NASDAQ:NMIH - Get Free Report) last issued its earnings results on Wednesday, February 14th. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.06. NMI had a return on equity of 17.97% and a net margin of 55.63%. The firm had revenue of $151.38 million for the quarter, compared to analysts' expectations of $131.70 million. During the same period in the previous year, the firm posted $0.86 earnings per share. The business's revenue was up 13.7% compared to the same quarter last year. Equities analysts forecast that NMI will post 4.05 EPS for the current year.

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.