NMI Holdings, Inc. to Post FY2024 Earnings of $4.47 Per Share, Zacks Research Forecasts (NASDAQ:NMIH)

NMI Holdings, Inc. (NASDAQ:NMIH) – Zacks Research lifted their FY2024 EPS estimates for shares of NMI in a report issued on Thursday, September 26th. Zacks Research analyst R. Department now expects that the financial services provider will post earnings of $4.47 per share for the year, up from their prior estimate of $4.46. The consensus estimate for NMI’s current full-year earnings is $4.50 per share. Zacks Research also issued estimates for NMI’s Q4 2024 earnings at $1.10 EPS, Q4 2025 earnings at $1.20 EPS, FY2025 earnings at $4.69 EPS and FY2026 earnings at $4.89 EPS.

Several other equities analysts have also commented on NMIH. StockNews.com lowered NMI from a “buy” rating to a “hold” rating in a research report on Wednesday, August 21st. Barclays lifted their price target on shares of NMI from $41.00 to $43.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. Keefe, Bruyette & Woods upped their price objective on shares of NMI from $37.00 to $40.00 and gave the stock a “market perform” rating in a report on Thursday, August 1st. Truist Financial lifted their target price on shares of NMI from $37.00 to $47.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Finally, JPMorgan Chase & Co. upped their price target on NMI from $40.00 to $42.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 31st. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $41.00.

NMI Trading Down 0.1 %

NASDAQ NMIH opened at $41.13 on Monday. The firm has a market capitalization of $3.30 billion, a PE ratio of 10.18, a P/E/G ratio of 0.94 and a beta of 1.12. The stock’s 50 day moving average is $39.48 and its 200 day moving average is $35.06. NMI has a twelve month low of $25.62 and a twelve month high of $42.49. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.20.

NMI (NASDAQ:NMIH) last posted its quarterly earnings data on Tuesday, July 30th. The financial services provider reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.15. NMI had a return on equity of 18.29% and a net margin of 56.40%. The business had revenue of $162.12 million for the quarter, compared to analysts’ expectations of $138.49 million. During the same period in the previous year, the firm posted $0.95 EPS. The business’s revenue was up 13.6% on a year-over-year basis.

Hedge Funds Weigh In On NMI

Institutional investors and hedge funds have recently modified their holdings of the company. Norges Bank purchased a new position in NMI in the fourth quarter worth about $20,006,000. TFO Wealth Partners LLC boosted its holdings in shares of NMI by 24,500.0% in the fourth quarter. TFO Wealth Partners LLC now owns 1,230 shares of the financial services provider’s stock worth $37,000 after buying an additional 1,225 shares during the last quarter. Eagle Asset Management Inc. purchased a new position in shares of NMI in the fourth quarter worth approximately $5,045,000. Campbell & CO Investment Adviser LLC grew its position in NMI by 34.6% during the fourth quarter. Campbell & CO Investment Adviser LLC now owns 22,205 shares of the financial services provider’s stock valued at $659,000 after buying an additional 5,709 shares during the period. Finally, CenterBook Partners LP purchased a new stake in NMI during the fourth quarter valued at approximately $550,000. 94.12% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at NMI

In other news, insider William J. Leatherberry sold 3,000 shares of the business’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $40.07, for a total value of $120,210.00. Following the completion of the transaction, the insider now owns 153,689 shares in the company, valued at $6,158,318.23. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Michael J. Embler sold 26,008 shares of the firm’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $39.35, for a total value of $1,023,414.80. Following the sale, the director now owns 61,607 shares in the company, valued at $2,424,235.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider William J. Leatherberry sold 3,000 shares of the business’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $40.07, for a total transaction of $120,210.00. Following the sale, the insider now owns 153,689 shares of the company’s stock, valued at $6,158,318.23. The disclosure for this sale can be found here. 2.70% of the stock is currently owned by insiders.

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.