Analysts Set NMI Holdings, Inc. (NASDAQ:NMIH) Price Target at $42.14

NMI Holdings, Inc. (NASDAQ:NMIH - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the seven research firms that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $42.14.

Several research firms have recently issued reports on NMIH. JPMorgan Chase & Co. reduced their target price on NMI from $42.00 to $41.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Keefe, Bruyette & Woods reduced their target price on NMI from $43.00 to $42.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 8th. Barclays cut NMI from an "overweight" rating to an "equal weight" rating and reduced their target price for the company from $48.00 to $41.00 in a research note on Monday, January 6th. Finally, UBS Group reduced their target price on NMI from $42.00 to $41.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 19th.

NMI Trading Up 0.5 %

NMIH stock traded up $0.17 during midday trading on Thursday, hitting $33.64. The company had a trading volume of 1,094,208 shares, compared to its average volume of 541,491. The company has a current ratio of 0.60, a quick ratio of 0.83 and a debt-to-equity ratio of 0.19. NMI has a 52 week low of $30.35 and a 52 week high of $42.49. The stock's 50 day moving average price is $34.86 and its 200 day moving average price is $36.83. The stock has a market cap of $2.63 billion, a price-to-earnings ratio of 7.59, a PEG ratio of 1.41 and a beta of 0.62.

NMI (NASDAQ:NMIH - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The financial services provider reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.09 by $0.19. NMI had a return on equity of 17.33% and a net margin of 55.32%. During the same period in the prior year, the company earned $1.08 earnings per share. The firm's quarterly revenue was up 10.8% on a year-over-year basis. As a group, equities research analysts expect that NMI will post 4.62 earnings per share for the current fiscal year.

Insider Buying and Selling

In other NMI news, EVP Norman Peter Fitzgerald sold 20,000 shares of the firm's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $35.88, for a total transaction of $717,600.00. Following the completion of the sale, the executive vice president now directly owns 37,470 shares in the company, valued at approximately $1,344,423.60. This trade represents a 34.80 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Mohammad Nawaz Yousaf sold 1,083 shares of the firm's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $35.44, for a total transaction of $38,381.52. Following the sale, the executive vice president now owns 49,218 shares of the company's stock, valued at approximately $1,744,285.92. This represents a 2.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.00% of the stock is owned by company insiders.

Institutional Trading of NMI

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Envestnet Asset Management Inc. increased its stake in NMI by 10.6% during the 1st quarter. Envestnet Asset Management Inc. now owns 43,076 shares of the financial services provider's stock valued at $1,553,000 after purchasing an additional 4,133 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in shares of NMI by 2.3% during the 1st quarter. Principal Financial Group Inc. now owns 462,641 shares of the financial services provider's stock valued at $16,678,000 after acquiring an additional 10,377 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of NMI by 18.2% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 7,800 shares of the financial services provider's stock valued at $281,000 after acquiring an additional 1,200 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of NMI by 53.9% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 19,012 shares of the financial services provider's stock valued at $696,000 after acquiring an additional 6,659 shares during the last quarter. Finally, Diversified Trust Co boosted its holdings in shares of NMI by 2.6% during the 1st quarter. Diversified Trust Co now owns 32,769 shares of the financial services provider's stock valued at $1,181,000 after acquiring an additional 829 shares during the last quarter. 94.12% of the stock is currently owned by institutional investors.

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.