NMI Holdings Inc (NASDAQ:NMIH) – Analysts at B. Riley upped their FY2019 earnings per share estimates for shares of NMI in a note issued to investors on Thursday, February 14th. B. Riley analyst R. Binner now anticipates that the financial services provider will post earnings per share of $2.15 for the year, up from their prior estimate of $2.05. B. Riley currently has a “Buy” rating and a $26.00 price objective on the stock. B. Riley also issued estimates for NMI’s FY2020 earnings at $2.65 EPS.
Get NMI alerts:NMI (NASDAQ:NMIH) last released its quarterly earnings results on Tuesday, February 12th. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.01. NMI had a net margin of 39.24% and a return on equity of 17.47%. The business had revenue of $76.26 million for the quarter, compared to analyst estimates of $77.40 million.
NMIH has been the topic of a number of other research reports. Zacks Investment Research lowered shares of NMI from a “buy” rating to a “hold” rating in a report on Tuesday, January 15th. Compass Point boosted their price target on shares of NMI from $23.50 to $26.00 and gave the company a “buy” rating in a report on Wednesday, October 31st. Keefe, Bruyette & Woods upgraded shares of NMI from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $25.00 to $28.00 in a research note on Monday, November 5th. ValuEngine upgraded shares of NMI from a “hold” rating to a “buy” rating in a research note on Friday, January 25th. Finally, Barclays set a $28.00 price objective on shares of NMI and gave the company a “buy” rating in a research note on Thursday. Eleven equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $24.80.
NMIH stock opened at $23.79 on Friday. NMI has a 52-week low of $13.35 and a 52-week high of $24.50. The company has a current ratio of 0.33, a quick ratio of 0.29 and a debt-to-equity ratio of 0.21. The company has a market cap of $1.58 billion, a PE ratio of 14.33 and a beta of 1.26.
A number of institutional investors have recently added to or reduced their stakes in the business. Piedmont Investment Advisors Inc. increased its stake in NMI by 4.2% in the 4th quarter. Piedmont Investment Advisors Inc. now owns 15,718 shares of the financial services provider’s stock valued at $281,000 after buying an additional 635 shares during the period. United Services Automobile Association increased its stake in NMI by 4.3% in the 4th quarter. United Services Automobile Association now owns 18,111 shares of the financial services provider’s stock valued at $323,000 after buying an additional 744 shares during the period. Comerica Bank increased its stake in NMI by 1.2% in the 4th quarter. Comerica Bank now owns 64,493 shares of the financial services provider’s stock valued at $1,403,000 after buying an additional 778 shares during the period. Legal & General Group Plc grew its position in NMI by 0.6% in the fourth quarter. Legal & General Group Plc now owns 140,750 shares of the financial services provider’s stock worth $2,499,000 after acquiring an additional 796 shares in the last quarter. Finally, Neuburgh Advisers LLC grew its position in NMI by 13.1% in the fourth quarter. Neuburgh Advisers LLC now owns 7,200 shares of the financial services provider’s stock worth $128,000 after acquiring an additional 832 shares in the last quarter. Hedge funds and other institutional investors own 90.77% of the company’s stock.
In other NMI news, Director Steven Scheid sold 13,300 shares of the company’s stock in a transaction that occurred on Wednesday, February 13th. The shares were sold at an average price of $22.45, for a total value of $298,585.00. Following the transaction, the director now owns 67,491 shares in the company, valued at approximately $1,515,172.95. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 5.70% of the stock is currently owned by corporate insiders.
About NMI
NMI Holdings, Inc, through its subsidiaries, provides private mortgage guaranty insurance services in the United States. The company offers mortgage insurance; reinsurance on loans; 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.
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