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

Shares of NMI Holdings, Inc. (NASDAQ:NMIH - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the seven ratings firms that are presently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $42.29.

A number of brokerages recently issued reports on NMIH. Wall Street Zen raised NMI from a "hold" rating to a "buy" rating in a report on Monday, May 5th. UBS Group dropped their price objective on NMI from $42.00 to $41.00 and set a "neutral" rating on the stock in a report on Wednesday, February 19th. Keefe, Bruyette & Woods dropped their price objective on NMI from $43.00 to $42.00 and set an "outperform" rating on the stock in a report on Tuesday, April 8th. JPMorgan Chase & Co. dropped their price objective on NMI from $42.00 to $41.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Finally, Compass Point restated a "buy" rating and issued a $37.00 target price (up from $34.00) on shares of NMI in a research note on Friday, May 23rd.

NMI Stock Performance

Shares of NASDAQ NMIH traded up $0.35 during trading on Friday, reaching $40.69. 499,899 shares of the stock traded hands, compared to its average volume of 557,693. NMI has a 52-week low of $31.67 and a 52-week high of $42.49. 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 50-day moving average of $37.07 and a 200-day moving average of $36.75. The stock has a market capitalization of $3.18 billion, a P/E ratio of 9.19, a price-to-earnings-growth ratio of 1.41 and a beta of 0.55.

NMI (NASDAQ:NMIH - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The financial services provider reported $1.28 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.10 by $0.18. The business had revenue of $173.25 million for the quarter, compared to analysts' expectations of $169.04 million. NMI had a return on equity of 17.33% and a net margin of 55.32%. The firm's quarterly revenue was up 10.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.08 EPS. Analysts forecast that NMI will post 4.62 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider William J. Leatherberry sold 13,111 shares of the 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 transaction, the insider now directly owns 163,796 shares in the company, valued at approximately $5,824,585.76. This represents a 7.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Robert Owen Smith sold 20,000 shares of the stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $36.58, for a total value of $731,600.00. Following the transaction, the executive vice president now owns 84,566 shares in the company, valued at $3,093,424.28. This trade represents a 19.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 113,697 shares of company stock worth $4,210,337 in the last ninety days. 3.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On NMI

Several institutional investors have recently modified their holdings of NMIH. Entropy Technologies LP increased its position in shares of NMI by 38.7% during the 4th quarter. Entropy Technologies LP now owns 7,888 shares of the financial services provider's stock valued at $290,000 after purchasing an additional 2,201 shares during the last quarter. Principal Securities Inc. boosted its holdings in NMI by 66.5% during the 4th quarter. Principal Securities Inc. now owns 716 shares of the financial services provider's stock valued at $26,000 after acquiring an additional 286 shares during the period. State of New Jersey Common Pension Fund D boosted its holdings in NMI by 11.9% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 55,563 shares of the financial services provider's stock valued at $2,042,000 after acquiring an additional 5,912 shares during the period. Principal Financial Group Inc. boosted its holdings in NMI by 3.6% during the 4th quarter. Principal Financial Group Inc. now owns 452,264 shares of the financial services provider's stock valued at $16,625,000 after acquiring an additional 15,868 shares during the period. Finally, New York State Common Retirement Fund boosted its holdings in NMI by 196.3% during the 4th quarter. New York State Common Retirement Fund now owns 75,013 shares of the financial services provider's stock valued at $2,757,000 after acquiring an additional 49,700 shares during the period. 94.12% of the stock is currently owned by institutional investors.

NMI Company Profile

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.