NMI (NASDAQ:NMIH) Given New $42.00 Price Target at Barclays

NMI (NASDAQ:NMIH) had its target price trimmed by Barclays from $43.00 to $42.00 in a research note issued to investors on Friday morning,Benzinga reports. The firm currently has an equal weight rating on the financial services provider’s stock.

Other equities analysts also recently issued research reports about the company. Royal Bank Of Canada reissued an “outperform” rating and set a $53.00 target price on shares of NMI in a research report on Tuesday, August 4th. Truist Financial raised their price target on NMI from $49.00 to $51.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. BTIG Research assumed coverage on shares of NMI in a research note on Tuesday, September 22nd. They set a “buy” rating and a $54.00 price objective for the company. Keefe, Bruyette & Woods lowered shares of NMI from an “outperform” rating to a “market perform” rating and set a $47.00 price objective for the company. in a research note on Monday, August 3rd. Finally, Bank of America cut shares of NMI from a “buy” rating to a “neutral” rating and cut their price objective for the company from $51.00 to $44.00 in a research report on Friday, October 30th. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $47.75.

NMI Trading Down 11.8%

NMIH traded down $5.24 on Friday, hitting $39.03. The company had a trading volume of 1,948,240 shares, compared to its average volume of 865,134. The company has a market cap of $2.94 billion, a PE ratio of 7.67, a PEG ratio of 1.42 and a beta of 0.52. NMI has a 12-month low of $35.12 and a 12-month high of $46.74. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.15. The business’s fifty day simple moving average is $42.02 and its 200 day simple moving average is $40.37.

NMI (NASDAQ:NMIH) last issued its quarterly earnings data on Thursday, November 5th. The financial services provider reported $1.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.07). The company had revenue of $187.55 million for the quarter, compared to analysts’ expectations of $159.20 million. NMI had a net margin of 54.10% and a return on equity of 15.13%. During the same quarter last year, the company earned $1.21 earnings per share. Equities research analysts expect that NMI will post 5.26 EPS for the current year.

Insider Activity at NMI

In other news, EVP Aurora Swithenbank sold 11,662 shares of the stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $44.51, for a total value of $519,075.62. Following the sale, the executive vice president directly owned 50,734 shares in the company, valued at approximately $2,258,170.34. This represents a 18.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Adam Pollitzer sold 172,706 shares of the firm’s stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $44.85, for a total value of $7,745,864.10. Following the sale, the chief executive officer directly owned 270,267 shares of the company’s stock, valued at $12,121,474.95. This represents a 38.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 2.44% of the company’s stock.

Institutional Trading of NMI

Several institutional investors and hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP grew its holdings in shares of NMI by 0.8% in the first quarter. Dimensional Fund Advisors LP now owns 4,351,808 shares of the financial services provider’s stock worth $163,237,000 after purchasing an additional 34,372 shares during the last quarter. Bank of America Corp DE boosted its position in NMI by 22.7% in the 1st quarter. Bank of America Corp DE now owns 1,304,633 shares of the financial services provider’s stock valued at $48,937,000 after buying an additional 241,724 shares during the period. Donald Smith & CO. Inc. bought a new position in NMI in the 2nd quarter worth about $36,262,000. Bank of New York Mellon Corp bought a new position in NMI in the 2nd quarter worth about $20,919,000. Finally, Winmill & CO. Inc. bought a new position in NMI in the 2nd quarter worth about $16,276,000. 94.12% of the stock is currently owned by institutional investors.

NMI News Summary

Here are the key news stories impacting NMI this week:

• Positive Sentiment: Portfolio growth and stronger investment income provided some support, helping offset pressure from claims and expenses. NMIH Q3 Earnings Miss Estimates on Higher Claims and Costs
• Neutral Sentiment: EPS was $1.23, slightly above the $1.21 reported a year earlier, though it fell short of analyst expectations. NMI Holdings Q3 Earnings and Revenues Lag Estimates
• Negative Sentiment: Quarterly earnings missed consensus as higher claims and costs weighed on results—an important concern for investors despite business growth. NMIH Q3 Earnings Miss Estimates on Higher Claims and Costs
• Negative Sentiment: Barclays cut its price target from $43 to $42 and maintained an “equal weight” rating, signaling limited conviction in near-term upside. Barclays stock recommendations

About NMI

NMI Holdings, Inc (NASDAQ: NMIH) is the parent company of National MI, a U.S.-based provider of private mortgage insurance. Through its insurance subsidiaries, the company helps lenders manage the risk associated with residential mortgage loans, particularly loans made to borrowers with down payments below traditional thresholds.

National MI primarily offers private mortgage insurance for residential purchase and refinance transactions. Its products are designed for mortgage lenders, banks, credit unions and other housing-finance institutions, helping them expand access to homeownership while transferring a portion of potential credit risk.