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

Shares of NMI Holdings, Inc. (NASDAQ:NMIH - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the six research firms that are currently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among analysts that have covered the stock in the last year is $43.17.

NMIH has been the subject of several recent analyst reports. Keefe, Bruyette & Woods lowered their target price on shares of NMI from $43.00 to $42.00 and set an "outperform" rating for the company in a research note on Tuesday, April 8th. JPMorgan Chase & Co. decreased 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. StockNews.com raised NMI from a "hold" rating to a "buy" rating in a research report on Monday, May 5th. 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 report on Wednesday, February 19th.

Insider Buying and Selling

In related news, Director Michael Curry Montgomery sold 1,875 shares of NMI stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $38.05, for a total transaction of $71,343.75. Following the transaction, the director now owns 66,068 shares in the company, valued at approximately $2,513,887.40. The trade was a 2.76% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Mohammad Nawaz Yousaf sold 1,083 shares of the stock in a transaction on Friday, February 21st. The shares were sold at an average price of $35.44, for a total value of $38,381.52. Following the completion of 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. In the last ninety days, insiders have sold 113,235 shares of company stock valued at $4,113,998. 3.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Sound Income Strategies LLC acquired a new stake in shares of NMI in the first quarter valued at about $25,000. Principal Securities Inc. boosted its holdings in NMI by 66.5% in the 4th quarter. Principal Securities Inc. now owns 716 shares of the financial services provider's stock worth $26,000 after acquiring an additional 286 shares during the period. Opal Wealth Advisors LLC acquired a new stake in NMI in the first quarter valued at approximately $33,000. Neo Ivy Capital Management acquired a new stake in NMI in the first quarter valued at approximately $47,000. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in shares of NMI during the first quarter valued at approximately $48,000. Institutional investors and hedge funds own 94.12% of the company's stock.

NMI Price Performance

Shares of NMIH traded down $0.99 during trading hours on Monday, reaching $37.64. 716,097 shares of the company traded hands, compared to its average volume of 547,954. The stock has a market capitalization of $2.94 billion, a PE ratio of 8.50, a price-to-earnings-growth ratio of 1.41 and a beta of 0.56. The stock has a fifty day simple moving average of $35.56 and a 200 day simple moving average of $36.64. NMI has a fifty-two week low of $31.59 and a fifty-two week high of $42.49. The company has a quick ratio of 0.83, a current ratio of 0.60 and a debt-to-equity ratio of 0.19.

NMI (NASDAQ:NMIH - Get Free Report) last released its 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 net margin of 55.32% and a return on equity of 17.33%. The company had revenue of $173.25 million for the quarter, compared to analyst estimates of $169.04 million. During the same period in the prior year, the firm earned $1.08 EPS. The firm's quarterly revenue was up 10.8% on a year-over-year basis. As a group, research analysts predict that NMI will post 4.62 EPS for the current fiscal year.

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.