Zacks Research Predicts NMI’s FY2024 Earnings (NASDAQ:NMIH)

NMI Holdings, Inc. (NASDAQ:NMIH) – Research analysts at Zacks Research upped their FY2024 earnings per share estimates for NMI in a note issued to investors on Tuesday, December 24th. Zacks Research analyst R. Department now forecasts that the financial services provider will post earnings of $4.53 per share for the year, up from their previous estimate of $4.52. The consensus estimate for NMI’s current full-year earnings is $4.54 per share. Zacks Research also issued estimates for NMI’s Q1 2025 earnings at $1.13 EPS, Q3 2025 earnings at $1.18 EPS and FY2026 earnings at $5.09 EPS.

Other equities research analysts also recently issued reports about the stock. Keefe, Bruyette & Woods increased their price target on shares of NMI from $43.00 to $44.00 and gave the stock a “market perform” rating in a report on Tuesday, December 10th. Royal Bank of Canada lowered their target price on shares of NMI from $48.00 to $47.00 and set an “outperform” rating on the stock in a research note on Thursday, November 7th. Barclays boosted their price target on shares of NMI from $43.00 to $48.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. Finally, JPMorgan Chase & Co. lowered their price objective on NMI from $46.00 to $41.00 and set an “overweight” rating on the stock in a research report on Monday, December 9th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $43.14.

NMI Stock Performance

Shares of NMIH opened at $36.72 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.83 and a current ratio of 0.83. The stock has a market capitalization of $2.91 billion, a price-to-earnings ratio of 8.40, a price-to-earnings-growth ratio of 0.92 and a beta of 1.10. NMI has a 52-week low of $28.67 and a 52-week high of $42.49. The stock’s 50-day simple moving average is $38.30 and its 200 day simple moving average is $38.19.

Hedge Funds Weigh In On NMI

Institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. lifted its stake in NMI by 3.3% in the third quarter. JPMorgan Chase & Co. now owns 775,804 shares of the financial services provider’s stock worth $31,955,000 after purchasing an additional 24,838 shares during the last quarter. Franklin Resources Inc. lifted its stake in shares of NMI by 1.5% in the 3rd quarter. Franklin Resources Inc. now owns 98,150 shares of the financial services provider’s stock valued at $4,024,000 after acquiring an additional 1,442 shares during the last quarter. Tidal Investments LLC lifted its stake in shares of NMI by 92.9% in the 3rd quarter. Tidal Investments LLC now owns 38,069 shares of the financial services provider’s stock valued at $1,568,000 after acquiring an additional 18,333 shares during the last quarter. World Investment Advisors LLC purchased a new stake in NMI during the 3rd quarter valued at about $1,059,000. Finally, Sanctuary Advisors LLC grew its position in NMI by 6.0% during the 3rd quarter. Sanctuary Advisors LLC now owns 54,594 shares of the financial services provider’s stock worth $2,114,000 after acquiring an additional 3,066 shares during the last quarter. 94.12% of the stock is currently owned by institutional investors.

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.