NASDAQ:NMIH

NMI (NMIH) Stock Forecast, Price & News

$27.09

-0.79 (-2.83%)

(As of 09/29/2023 08:53 PM ET)

Compare

Today's Range: $26.98
▼
$27.93
50-Day Range: $26.71
▼
$29.74
52-Week Range: $19.02
▼
$30.14

Volume: 844,900 shs
Average Volume: 400,245 shs
Market Capitalization: $2.23 billion

P/E Ratio: 7.55
Dividend Yield: N/A
Price Target: $28.75

NMI MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.50 Rating Score
Upside/Downside: 6.1% Upside
$28.75 Price Target
Short Interest: Healthy
0.84% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 1.16
Based on 5 Articles This Week
Insider Trading: Selling Shares
$136,071 Sold Last Quarter
Proj. Earnings Growth: 7.07%
From $3.68 to $3.94 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.96 out of 5 stars

Finance Sector

668th out of 860 stocks

Surety Insurance Industry

5th out of 8 stocks

1.3

Analyst's Opinion

Consensus Rating
NMI has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 3 buy ratings, 3 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $28.75, NMI has a forecasted upside of 6.1% from its current price of $27.09.
Amount of Analyst Coverage
NMI has only been the subject of 3 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
0.84% of the float of NMI has been sold short.
Short Interest Ratio / Days to Cover
NMI has a short interest ratio ("days to cover") of 1.6, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in NMI has recently increased by 4.47%, indicating that investor sentiment is decreasing.

0.0

Dividend Strength

Dividend Yield
NMI does not currently pay a dividend.
Dividend Growth
NMI does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for NMIH.

3.4

News and Social Media Coverage

News Sentiment
NMI has a news sentiment score of 1.16. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.70 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 5 news articles for NMI this week, compared to 2 articles on an average week.
Search Interest
Only 1 people have searched for NMIH on MarketBeat in the last 30 days. This is a decrease of -75% compared to the previous 30 days.
MarketBeat Follows
1 people have added NMI to their MarketBeat watchlist in the last 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, NMI insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $136,071.00 in company stock.
Percentage Held by Insiders
Only 2.70% of the stock of NMI is held by insiders.
Percentage Held by Institutions
94.12% of the stock of NMI is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for NMI are expected to grow by 7.07% in the coming year, from $3.68 to $3.94 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of NMI is 7.55, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 119.68.
Price to Earnings Ratio vs. Sector
The P/E ratio of NMI is 7.55, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 64.45.
Price to Book Value per Share Ratio
NMI has a P/B Ratio of 1.40. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About NMI (NASDAQ:NMIH) Stock

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. NMI Holdings, Inc. was incorporated in 2011 and is headquartered in Emeryville, California.

NMIH Price History

30 days | 90 days | 365 days | Advanced Chart

NMIH Stock News Headlines

September 27, 2023 | americanbankingnews.com

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

September 14, 2023 | finance.yahoo.com

NMI Holdings, Inc. Appoints John Erickson to Board of Directors

October 2, 2023 | Legacy Research (Ad)

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“Hi, I’m Teeka Tiwari...I’m about to get in this Tesla and drive up to a facility just a few miles from here to show you what could be the secret behind Elon Musk’s new AI project… What happens next will shock you…”

September 12, 2023 | markets.businessinsider.com

NMI Holdings, Inc. Announces Expansion of Leadership Team

September 7, 2023 | finance.yahoo.com

National MI Integrates with Calyx Point LOS

September 5, 2023 | finance.yahoo.com

NMI Holdings, Inc. To Host Investor Day On November 16, 2023

August 23, 2023 | finance.yahoo.com

Here's Why You Should Hold NMI Holdings (NMIH) Stock Now

August 5, 2023 | markets.businessinsider.com

RBC Capital Remains a Hold on NMI Holdings (NMIH)

October 2, 2023 | Legacy Research (Ad)

Man Gets Into a Self-Driving Tesla… What Happens Next will Shock Everyone (Video)

August 3, 2023 | msn.com

Truist Securities Maintains NMI Holdings Inc - (NMIH) Buy Recommendation

August 3, 2023 | msn.com

JP Morgan Maintains NMI Holdings Inc - (NMIH) Overweight Recommendation

August 3, 2023 | finance.yahoo.com

NMI Holdings, Inc. (NASDAQ:NMIH) Q2 2023 Earnings Call Transcript

August 1, 2023 | finance.yahoo.com

Compared to Estimates, NMI Holdings (NMIH) Q2 Earnings: A Look at Key Metrics

August 1, 2023 | finance.yahoo.com

NMI Holdings, Inc. Reports Second Quarter 2023 Financial Results; Announces Additional $200 Million Share Repurchase Authorization

July 31, 2023 | benzinga.com

NMI Holdings's Earnings: A Preview

July 31, 2023 | finance.yahoo.com

We Ran A Stock Scan For Earnings Growth And NMI Holdings (NASDAQ:NMIH) Passed With Ease

July 13, 2023 | finance.yahoo.com

NMI Holdings, Inc. to Announce Second Quarter 2023 Financial Results on August 1, 2023

July 6, 2023 | finance.yahoo.com

Here's Why You Should Invest in NMI Holdings (NMIH) Stock Now

June 27, 2023 | finance.yahoo.com

National MI Certified as a Great Place to Work for Eighth Consecutive Year

June 7, 2023 | finance.yahoo.com

NMI Holdings (NMIH) Up 37.1% in a Year: More Room to Run?

June 1, 2023 | finance.yahoo.com

NMI Holdings (NMIH) Up 8.9% Since Last Earnings Report: Can It Continue?

May 28, 2023 | fool.com

NMI Holdings (NASDAQ: NMIH)

May 11, 2023 | finance.yahoo.com

National MI Celebrates 10th Anniversary of IPO by Ringing Closing Bell at NASDAQ

May 9, 2023 | finance.yahoo.com

National MI Integrates with Vesta LOS

May 9, 2023 | msn.com

Buy NMI Holdings. Looked For Problems, Couldn't Find Much

May 4, 2023 | finance.yahoo.com

NMI Holdings First Quarter 2023 Earnings: Beats Expectations

May 4, 2023 | seekingalpha.com

NMI Holdings Is A Buy On Any Weakness

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NMIH Company Calendar

Last Earnings: 8/01/2023
Today: 10/01/2023
Next Earnings (Estimated): 11/07/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Surety insurance
Sub-Industry: N/A
Sector: Finance
Current Symbol: NASDAQ:NMIH
CUSIP: N/A
CIK: 1547903
Web: www.nationalmi.com
Phone: (855) 530-6642
Fax: N/A
Employees: 237
Year Founded: 2011

Price Target and Rating

Average Stock Price Forecast: $28.75
High Stock Price Forecast: $34.00
Low Stock Price Forecast: $23.00
Forecasted Upside/Downside: +6.1%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.50
Research Coverage: 6 Analysts

Profitability

EPS (Most Recent Fiscal Year): $3.59
Trailing P/E Ratio: 7.55
Forward P/E Ratio: 7.36
P/E Growth: N/A
Net Income: $292.90 million
Net Margins: 56.07%
Pretax Margin: 72.46%
Return on Equity: 18.47%
Return on Assets: 11.89%

Debt

Debt-to-Equity Ratio: 0.23
Current Ratio: 0.65
Quick Ratio: 0.65

Sales & Book Value

Annual Sales: $523.34 million
Price / Sales: 4.26
Cash Flow: $3.72 per share
Price / Cash Flow: 7.28
Book Value: $19.31 per share
Price / Book: 1.40

Miscellaneous

Outstanding Shares: 82,280,000
Free Float: 80,059,000
Market Cap: $2.23 billion
Optionable: Optionable
Beta: 1.18

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Key Executives

Mr. Bradley Mize Shuster (Age 68)
Exec. Chairman
Comp: $1.59M

Mr. Adam S. Pollitzer (Age 43)
Pres, CEO & Director
Comp: $2.47M

Mr. Ravi Mallela (Age 53)
Exec. VP & CFO
Comp: $1.15M

Mr. William J. Leatherberry (Age 52)
Exec. VP, Chief Legal Officer, Gen. Counsel & Sec.
Comp: $1.33M

Mr. Robert Owen Smith (Age 53)
Exec. VP & Chief Risk Officer
Comp: $1.1M

Mr. John M. Swenson
VP of Investor Relations & Treasury

Ms. Lesley Alli
Sr. VP of Industry Relations & Corp. Communications

Mr. Norman P. Fitzgerald (Age 56)
Exec. VP & Chief Sales Officer

Ms. Allison Miller
Sr. VP & CHRO

Mr. Mohammad Yousaf (Age 47)
Exec. VP of Operations & IT

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

NMIH Stock - Frequently Asked Questions

Should I buy or sell NMI stock right now?: 6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for NMI in the last twelve months. There are currently 3 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" NMIH shares.
View NMIH analyst ratings or view top-rated stocks.
What is NMI's stock price forecast for 2023?: 6 brokers have issued 12-month target prices for NMI's shares. Their NMIH share price forecasts range from $23.00 to $34.00. On average, they expect the company's share price to reach $28.75 in the next year. This suggests a possible upside of 6.1% from the stock's current price.
View analysts price targets for NMIH or view top-rated stocks among Wall Street analysts.
How have NMIH shares performed in 2023?: NMI's stock was trading at $20.90 at the beginning of the year. Since then, NMIH stock has increased by 29.6% and is now trading at $27.09.
View the best growth stocks for 2023 here.
When is NMI's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 7th 2023.
View our NMIH earnings forecast.
How were NMI's earnings last quarter?: NMI Holdings, Inc. (NASDAQ:NMIH) released its quarterly earnings data on Tuesday, August, 1st. The financial services provider reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.08. The financial services provider earned $142.70 million during the quarter, compared to the consensus estimate of $123.95 million. NMI had a net margin of 56.07% and a trailing twelve-month return on equity of 18.47%. The firm's quarterly revenue was up 7.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.86 earnings per share.
What ETFs hold NMI's stock?: ETFs with the largest weight of NMI (NASDAQ:NMIH) stock in their portfolio include Fidelity Disruptive Finance ETF (FDFF), Invesco Dorsey Wright Financial Momentum ETF (PFI), Invesco S&P SmallCap Financials ETF (PSCF), First Trust Small Cap Value AlphaDEX Fund (FYT), EA Bridgeway Omni Small-Cap Value ETF (BSVO), iShares US Small Cap Value Factor ETF (SVAL), Principal U.S. Small-Cap Adaptive Multi-Factor ETF (PLTL) and WisdomTree U.S. SmallCap Fund (EES).

What is Claudia Merkle's approval rating as NMI's CEO?: 3 employees have rated NMI Chief Executive Officer Claudia Merkle on Glassdoor.com. Claudia Merkle has an approval rating of 100% among the company's employees. This puts Claudia Merkle in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.
What other stocks do shareholders of NMI own?: Based on aggregate information from My MarketBeat watchlists, some companies that other NMI investors own include Alibaba Group (BABA), Mastercard (MA), Paycom Software (PAYC), Fortinet (FTNT), Verizon Communications (VZ), NextEra Energy (NEE), NVIDIA (NVDA), Lululemon Athletica (LULU), PayPal (PYPL) and Veeva Systems (VEEV).
What is NMI's stock symbol?: NMI trades on the NASDAQ under the ticker symbol "NMIH."
How do I buy shares of NMI?: Shares of NMIH stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is NMI's stock price today?: One share of NMIH stock can currently be purchased for approximately $27.09.
How much money does NMI make?: NMI (NASDAQ:NMIH) has a market capitalization of $2.23 billion and generates $523.34 million in revenue each year. The financial services provider earns $292.90 million in net income (profit) each year or $3.59 on an earnings per share basis.
How many employees does NMI have?: The company employs 237 workers across the globe.
How can I contact NMI?: NMI's mailing address is 2100 POWELL STREET 12TH FLOOR, EMERYVILLE CA, 94608. The official website for the company is www.nationalmi.com. The financial services provider can be reached via phone at (855) 530-6642 or via email at john.swenson@nationalmi.com.

This page (NASDAQ:NMIH) was last updated on 10/2/2023 by MarketBeat.com Staff

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