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

NMI Holdings, Inc. (NASDAQ:NMIH - Get Free Report) has been given an average rating of "Moderate Buy" by the seven ratings firms that are currently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $42.29.

Several equities research analysts have recently commented on NMIH shares. Compass Point restated a "buy" rating and set a $37.00 price target (up previously from $34.00) on shares of NMI in a research note on Friday, May 23rd. Wall Street Zen upgraded NMI from a "hold" rating to a "buy" rating in a research note on Monday, May 5th. JPMorgan Chase & Co. cut their price target on NMI from $42.00 to $41.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. UBS Group cut their price target on NMI from $42.00 to $41.00 and set a "neutral" rating for the company in a research note on Wednesday, February 19th. Finally, 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.

NMI Trading Down 0.6%

NASDAQ NMIH traded down $0.26 during trading on Friday, hitting $40.34. The stock had a trading volume of 443,845 shares, compared to its average volume of 557,925. NMI has a twelve month low of $31.67 and a twelve month high of $42.49. The company has a market capitalization of $3.15 billion, a PE ratio of 9.11, a PEG ratio of 1.41 and a beta of 0.55. The company has a quick ratio of 0.83, a current ratio of 0.60 and a debt-to-equity ratio of 0.19. The firm has a 50 day moving average price of $36.92 and a 200 day moving average price of $36.77.

NMI (NASDAQ:NMIH - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The financial services provider reported $1.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.10 by $0.18. NMI had a return on equity of 17.33% and a net margin of 55.32%. The firm had revenue of $173.25 million during the quarter, compared to the consensus estimate of $169.04 million. During the same period in the prior year, the company posted $1.08 earnings per share. The firm's quarterly revenue was up 10.8% compared to the same quarter last year. As a group, equities research analysts forecast that NMI will post 4.62 earnings per share for the current year.

Insider Transactions at NMI

In related news, Chairman Bradley M. Shuster sold 21,545 shares of the business's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $39.56, for a total value of $852,320.20. Following the completion of the transaction, the chairman now owns 409,792 shares of the company's stock, valued at approximately $16,211,371.52. The trade was a 4.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Adam Pollitzer sold 57,166 shares of the business's stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $36.54, for a total transaction of $2,088,845.64. Following the completion of the transaction, the chief executive officer now directly owns 329,465 shares of the company's stock, valued at $12,038,651.10. The trade was a 14.79% decrease in their position. The disclosure for this sale can be found here. Insiders sold 113,697 shares of company stock valued at $4,210,337 in the last 90 days. 3.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in NMIH. Nuveen LLC purchased a new stake in NMI in the 1st quarter valued at about $44,886,000. Millennium Management LLC grew its holdings in NMI by 209.9% in the 1st quarter. Millennium Management LLC now owns 1,432,950 shares of the financial services provider's stock valued at $51,658,000 after buying an additional 970,551 shares during the period. Assenagon Asset Management S.A. grew its holdings in NMI by 70.9% in the 1st quarter. Assenagon Asset Management S.A. now owns 2,034,419 shares of the financial services provider's stock valued at $73,341,000 after buying an additional 844,037 shares during the period. Norges Bank purchased a new stake in NMI in the 4th quarter valued at about $13,174,000. Finally, Raymond James Financial Inc. purchased a new stake in NMI in the 4th quarter valued at about $13,136,000. 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.