NMI Holdings (NASDAQ:NMIH) Stock

NMI Holdings

NMI Holdings Inc through its subsidiaries provides private mortgage guaranty insurance. 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. It protects lenders and investors from default-related losses on a portion of the unpaid principal balance of a covered mortgage.

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NMI Holdings Inc

<p>UBS  analyst Doug Harter   maintains NMI Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NMIH#NASDAQ">NMIH</a>) with a Neutral and lowers the price target from $42 to $41.</p>


UBS Maintains Neutral on NMI Holdings, Lowers Price Target to $41

<p><strong>NMI Holdings</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NMIH#NASDAQ">NMIH</a>) reported its Q4 earnings results on Thursday, February 6, 2025 at 04:01 PM.</p>
<p>Here's what investors need to know about the announcement.</p>
<h3>Earnings</h3>
<p>NMI Holdings missed estimated earnings by -4.0%, reporting an EPS of $1.07 versus an estimate of $1.12.</p>
<p>Revenue was up $15.12 million from the same period last year.</p>
<h3>Analysis of Past Earnings</h3>
<p>In the previous quarter, the company beat on EPS by $0.01, resulting in a 5.0% drop change in the share price the following day.</p>
<p>Here's a look at NMI Holdings's past performance:</p>
<p>
<table>
<thead>
<tr>
<th><strong>Quarter</strong></th>
<th><strong>Q3 2024</strong></th>
<th><strong>Q2 2024</strong></th>
<th><strong>Q1 2024</strong></th>
<th><strong>Q4 2023</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>EPS Estimate</strong></td>
<td>1.14</td>
<td>1.05</td>
<td>0.99</td>
<td>0.96</td>
</tr>
<tr>
<td><strong>EPS Actual</strong></td>
<td>1.15</td>
<td>1.20</td>
<td>1.08</td>
<td>1.01</td>
</tr>
<tr>
<td><strong>Revenue Estimate</strong></td>
<td>146.61M</td>
<td>141.91M</td>
<td>137.27M</td>
<td>134.86M</td>
</tr>
<tr>
<td><strong>Revenue Actual</strong></td>
<td>166.09M</td>
<td>162.12M</td>
<td>156.25M</td>
<td>151.38M</td>
</tr>
</tbody>
</table>
</p>
<p>To track all earnings releases for NMI Holdings <a href="https://www.benzinga.com/quote/NMIH/earnings">visit their earnings calendar here.</a> </p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


Earnings Breakdown: NMI Holdings Q4

<p>NMI Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NMIH#NASDAQ">NMIH</a>) reported quarterly earnings of $1.07 per share which missed the analyst consensus estimate of $1.12 by 4.46 percent. This is a 5.94 percent increase over earnings of $1.01 per share from the same period last year.  The company reported quarterly sales of $166.50 million which beat the analyst consensus estimate of $150.30 million by 10.78 percent.  This is a 9.99 percent increase over sales of $151.38 million the same period last year.</p>


Earnings Beats

Earnings Misses

NMI Holdings Q4 Adj EPS $1.07 Misses $1.12 Estimate, Sales $166.50M Beat $150.30M Estimate

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Earnings Scheduled For February 6, 2025

<p>Keefe, Bruyette &amp; Woods  analyst Bose George   maintains NMI Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NMIH#NASDAQ">NMIH</a>) with a Market Perform and lowers the price target from $44 to $43.</p>


Keefe, Bruyette & Woods Maintains Market Perform on NMI Holdings, Lowers Price Target to $43

<p>Barclays  analyst Terry Ma   downgrades NMI Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NMIH#NASDAQ">NMIH</a>) from Overweight to Equal-Weight and lowers the price target from $48 to $41.</p>


Downgrades

Barclays Downgrades NMI Holdings to Equal-Weight, Lowers Price Target to $41

<p>Keefe, Bruyette &amp; Woods  analyst Bose George   maintains NMI Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NMIH#NASDAQ">NMIH</a>) with a Market Perform and raises the price target from $43 to $44.</p>


Keefe, Bruyette & Woods Maintains Market Perform on NMI Holdings, Raises Price Target to $44

<p>JP Morgan  analyst Richard Shane   maintains NMI Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NMIH#NASDAQ">NMIH</a>) with a Overweight and lowers the price target from $46 to $41.</p>


JP Morgan Maintains Overweight on NMI Holdings, Lowers Price Target to $41

<p>RBC Capital  analyst Scott Heleniak   maintains NMI Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NMIH#NASDAQ">NMIH</a>) with a Outperform and lowers the price target from $48 to $47.</p>


RBC Capital Maintains Outperform on NMI Holdings, Lowers Price Target to $47

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NMI Holdings shares are trading lower. The company reported Q3 financial results.

<p>NMI Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NMIH#NASDAQ">NMIH</a>) reported quarterly earnings of $1.15 per share which beat the analyst consensus estimate of $1.14 by 0.88 percent. This is a 15 percent increase over earnings of $1.00 per share from the same period last year.  The company reported quarterly sales of $166.092 million which beat the analyst consensus estimate of $146.612 million by 13.29 percent.  This is a 12.10 percent increase over sales of $148.159 million the same period last year.</p>


NMI Holdings Q3 2024 Adj. EPS $1.15 Beats $1.14 Estimate, Sales $166.092M Beat $146.612M Estimate

<p>NMI Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NMIH#NASDAQ">NMIH</a>) is preparing to release its quarterly earnings on Wednesday, 2024-11-06. Here's a brief overview of what investors should keep in mind before the announcement.</p>
<p>Analysts expect NMI Holdings to report an <strong>earnings per share</strong> (EPS) of $1.14.</p>
<p>Investors in NMI Holdings are eagerly awaiting the company's announcement, hoping for news of surpassing estimates and positive guidance for the next quarter.</p>
<p>It's worth noting for new investors that stock prices can be heavily influenced by future projections rather than just past performance.</p>
<h3>Earnings Track Record</h3>
<p>During the last quarter, the company reported an EPS beat by $0.15, leading to a 0.38% increase in the share price on the subsequent day.</p>
<p>Here's a look at NMI Holdings's past performance and the resulting price change:</p>
<p>
<table>
<thead>
<tr>
<th><strong>Quarter</strong></th>
<th><strong>Q2 2024</strong></th>
<th><strong>Q1 2024</strong></th>
<th><strong>Q4 2023</strong></th>
<th><strong>Q3 2023</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>EPS Estimate</strong></td>
<td>1.05</td>
<td>0.99</td>
<td>0.96</td>
<td>0.91</td>
</tr>
<tr>
<td><strong>EPS Actual</strong></td>
<td>1.20</td>
<td>1.08</td>
<td>1.01</td>
<td>1</td>
</tr>
<tr>
<td><strong>Price Change %</strong></td>
<td>0.0%</td>
<td>3.0%</td>
<td>-2.0%</td>
<td>1.0%</td>
</tr>
</tbody>
</table>
</p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1730829723_0.png" alt="eps graph" /></p>
<h3>Performance of NMI Holdings Shares</h3>
<p>Shares of NMI Holdings were trading at $36.96 as of November 04. Over the last 52-week period, shares are up 33.58%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. </p>
<h3>Analysts' Perspectives on NMI Holdings</h3>
<p>For investors, grasping market sentiments and expectations in the industry is vital. This analysis explores the latest insights regarding NMI Holdings.</p>
<p>Analysts have provided NMI Holdings with 3 ratings, resulting in a consensus rating of Outperform. The average one-year price target stands at $47.33, suggesting a potential 28.06% upside.</p>
<h3>Comparing Ratings with Peers</h3>
<p>The analysis below examines the analyst ratings and average 1-year price targets of PennyMac Financial Servs and Mr. Cooper Gr, three significant industry players, providing valuable insights into their relative performance expectations and market positioning.</p>
<ul>
<li>The prevailing sentiment among analysts is an Outperform trajectory for PennyMac Financial Servs, with an average 1-year price target of $127.4, implying a potential 244.7% upside.</li>
<li>Mr. Cooper Gr received a Outperform consensus from analysts, with an average 1-year price target of $111.0, implying a potential 200.32% upside.</li>
</ul>
<h3>Summary of Peers Analysis</h3>
<p>The peer analysis summary presents essential metrics for PennyMac Financial Servs and Mr. Cooper Gr, unveiling their respective standings within the industry and providing valuable insights into their market positions and comparative performance.</p>
<p>
<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>Walker &amp; Dunlop</td>
<td>Neutral</td>
<td>-0.71%</td>
<td>$119.73M</td>
<td>1.30%</td>
</tr>
<tr>
<td>PennyMac Financial Servs</td>
<td>Outperform</td>
<td>12.95%</td>
<td>$238.99M</td>
<td>1.87%</td>
</tr>
<tr>
<td>Mr. Cooper Gr</td>
<td>Outperform</td>
<td>-12.15%</td>
<td>$270M</td>
<td>1.73%</td>
</tr>
</tbody>
</table>
</p>
<p>Key Takeaway:</p>
<p>NMI Holdings ranks in the middle for Consensus rating among its peers. It ranks at the bottom for Revenue Growth. For Gross Profit, NMI Holdings is at the top among its peers. In terms of Return on Equity, NMI Holdings is in the middle compared to its peers.</p>
<h3>About NMI Holdings</h3>
<p>NMI Holdings Inc through its subsidiaries provides private mortgage guaranty insurance. 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. It protects lenders and investors from default-related losses on a portion of the unpaid principal balance of a covered mortgage.</p>
<h3>Unraveling the Financial Story of NMI Holdings</h3>
<p><strong>Market Capitalization Analysis:</strong> Above industry benchmarks, the company's market capitalization emphasizes a noteworthy size, indicative of a strong market presence.</p>
<p><strong>Positive Revenue Trend:</strong> Examining NMI Holdings's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of <strong>13.62%</strong> as of 30 June, 2024, showcasing a substantial increase in top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Financials sector.</p>
<p><strong>Net Margin:</strong> NMI Holdings's net margin excels beyond industry benchmarks, reaching <strong>56.8%</strong>. This signifies efficient cost management and strong financial health.</p>
<p><strong>Return on Equity (ROE):</strong> NMI Holdings's ROE stands out, surpassing industry averages. With an impressive ROE of <strong>4.58%</strong>, the company demonstrates effective use of equity capital and strong financial performance.</p>
<p><strong>Return on Assets (ROA):</strong> The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of <strong>3.02%,</strong> the company showcases effective utilization of assets.</p>
<p><strong>Debt Management:</strong> NMI Holdings's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of <strong>0.2</strong>.</p>
<p><a href="https://www.benzinga.com/quote/NMIH/earnings"><strong>To track all earnings releases for NMI Holdings visit their earnings calendar on our site.</strong></a></p>
<p><em>This article was generated by Benzinga's automated content engine and reviewed by an editor.</em></p>


Earnings Preview For NMI Holdings

<p>8 analysts have expressed a variety of opinions on NMI Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NMIH#NASDAQ">NMIH</a>) over the past quarter, offering a diverse set of opinions from bullish to bearish.</p>
<p>The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.</p>
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;"><strong>Bullish</strong></th>
<th style="text-align: right;"><strong>Somewhat Bullish</strong></th>
<th style="text-align: right;"><strong>Indifferent</strong></th>
<th style="text-align: right;"><strong>Somewhat Bearish</strong></th>
<th style="text-align: right;"><strong>Bearish</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Total Ratings</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>Last 30D</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>1M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>2M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>3M Ago</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
<p>The 12-month price targets, analyzed by analysts, offer insights with an average target of $44.25, a high estimate of $48.00, and a low estimate of $40.00. Observing a 12.74% increase, the current average has risen from the previous average price target of $39.25. </p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1728421255_0.png" alt="price target chart" /></p>
<h2>Investigating Analyst Ratings: An Elaborate Study</h2>
<p>The analysis of recent analyst actions sheds light on the perception of NMI Holdings by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.</p>
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Terry Ma</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$48.00</td>
<td>$43.00</td>
</tr>
<tr>
<td>Richard Shane</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Overweight</td>
<td>$46.00</td>
<td>$42.00</td>
</tr>
<tr>
<td>Scott Heleniak</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Outperform</td>
<td>$48.00</td>
<td>$40.00</td>
</tr>
<tr>
<td>Bose George</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Raises</td>
<td>Market Perform</td>
<td>$40.00</td>
<td>$37.00</td>
</tr>
<tr>
<td>Terry Ma</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$43.00</td>
<td>$41.00</td>
</tr>
<tr>
<td>Richard Shane</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Overweight</td>
<td>$42.00</td>
<td>$40.00</td>
</tr>
<tr>
<td>Scott Heleniak</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Sector Perform</td>
<td>$40.00</td>
<td>$34.00</td>
</tr>
<tr>
<td>Mark Hughes</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$47.00</td>
<td>$37.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li><strong>Action Taken:</strong> In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to NMI Holdings. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li><strong>Rating:</strong> Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of NMI Holdings compared to the broader market.</li>
<li><strong>Price Targets:</strong> Gaining insights, analysts provide estimates for the future value of NMI Holdings's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
<p>Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of NMI Holdings's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.</p>
<p><a href="https://www.benzinga.com/quote/NMIH/analyst-ratings?utm_source=Benzinga Insights"><strong>Stay up to date on NMI Holdings analyst ratings.</strong></a></p>
<h2>Get to Know NMI Holdings Better</h2>
<p>NMI Holdings Inc through its subsidiaries provides private mortgage guaranty insurance. 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. It protects lenders and investors from default-related losses on a portion of the unpaid principal balance of a covered mortgage.</p>
<h3>NMI Holdings's Financial Performance</h3>
<p><strong>Market Capitalization:</strong> Exceeding industry standards, the company's market capitalization places it above industry average in size relative to peers. This emphasizes its significant scale and robust market position.</p>
<p><strong>Revenue Growth:</strong> NMI Holdings's remarkable performance in 3 months is evident. As of 30 June, 2024, the company achieved an impressive revenue growth rate of <strong>13.62%</strong>. This signifies a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Financials sector.</p>
<p><strong>Net Margin:</strong> NMI Holdings's net margin is impressive, surpassing industry averages. With a net margin of <strong>56.8%,</strong> the company demonstrates strong profitability and effective cost management.</p>
<p><strong>Return on Equity (ROE):</strong> NMI Holdings's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive <strong>4.58%</strong> ROE, the company effectively utilizes shareholder equity capital.</p>
<p><strong>Return on Assets (ROA):</strong> NMI Holdings's ROA stands out, surpassing industry averages. With an impressive ROA of <strong>3.02%</strong>, the company demonstrates effective utilization of assets and strong financial performance.</p>
<p><strong>Debt Management:</strong> NMI Holdings's debt-to-equity ratio is below the industry average. With a ratio of <b>0.2</b>, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.</p>
<h2>The Basics of Analyst Ratings</h2>
<p>Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.</p>
<p>Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.</p>
<p>If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.</p>
<p><strong>Which Stocks Are Analysts Recommending Now?</strong></p>
<p>Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights"><strong>Click here to stay ahead of the market</strong></a>.</p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


In-Depth Examination Of 8 Analyst Recommendations For NMI Holdings

<p>Barclays  analyst Terry Ma   maintains NMI Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NMIH#NASDAQ">NMIH</a>) with a Overweight and raises the price target from $43 to $48.</p>


Barclays Maintains Overweight on NMI Holdings, Raises Price Target to $48

<p>JP Morgan  analyst Richard Shane   maintains NMI Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NMIH#NASDAQ">NMIH</a>) with a Overweight and raises the price target from $42 to $46.</p>


JP Morgan Maintains Overweight on NMI Holdings, Raises Price Target to $46

<p>Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.</p>
<ul>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/59b1370215737d0001bc14de/ryan-zimmerman">BTIG analyst Ryan Zimmerman</a> upgraded <strong>GE HealthCare Technologies Inc.</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GEHC#NASDAQ">GEHC</a>) from Neutral to Buy and announced a price target of $100. Dell shares gained 0.2% to close at $86.79 on Tuesday. <a href="https://www.benzinga.com/quote/SBUX/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Guggenheim analyst Curry Baker upgraded <strong>Sirius XM Holdings Inc.</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIRI#NASDAQ">SIRI</a>) from Neutral to Buy and announced a $30 price target. Sirius XM shares fell 1.6% to close at $23.27 on Tuesday. <a href="https://www.benzinga.com/quote/SIRI/analyst-ratings">See how other analysts view this stoc</a>k.</li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/594d093d988ca8000150db4e/jonathan-petersen">Jefferies analyst Jonathan Petersen</a> upgraded the rating for <strong>Extra Space Storage Inc</strong>. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EXR#NYSE">EXR</a>) from Hold to Buy and raised the price target from $162 to $204. Extra Space Storage shares gained 0.7% to close at $178.78 on Tuesday. <a href="https://www.benzinga.com/quote/EXR/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Barclays analyst Adrienne Yih upgraded the rating for <strong>Victoria&#8217;s Secret &amp; Co.</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VSCO#NYSE">VSCO</a>) from Underweight to Equal-Weight and raises the price target from $23 to $25 Victoria&#8217;s Secret shares gained 3% to close at $24.27 on Tuesday. <a href="https://www.benzinga.com/quote/VSCO/analyst-ratings">See how other analysts view this stock.</a></li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/64fb1c739ab00f000169d491/scott-heleniak">RBC Capital analyst Scott Heleniak</a> upgraded the rating for <strong>NMI Holdings, Inc</strong>. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NMIH#NASDAQ">NMIH</a>) from Sector Perform to Outperform and boosted the price target from $40 to $48. NMI Holdings shares fell 1.4% to close at $41.15 on Tuesday. <a href="https://www.benzinga.com/quote/NMIH/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
<p>Considering buying GEHC stock? Here&#8217;s what analysts think: </p>
<p><figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="523" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/18091924/image-142-1024x523.png" alt="" class="wp-image-554014" style="width:615px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/18091924/image-142-1024x523.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/18091924/image-142-300x153.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/18091924/image-142-768x392.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/18091924/image-142.png 1315w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure></p>
<p><strong>Read Next: </strong></p>
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<p>Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.</p>
<ul>
<li>Piper Sandler raised the price target for <strong>Aspen Technology, Inc</strong>. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AZPN#NASDAQ">AZPN</a>) from  $200 to $217. Piper Sandler analyst Clarke Jeffries maintained a Neutral rating. Aspen Technology shares gained 3.3% to close at $233.54 on Tuesday. <a href="https://www.benzinga.com/quote/AZPN/analyst-ratings">See how other analysts view this stock.</a></li>
<li>RBC Capital raised the price target for <strong>NMI Holdings, Inc</strong>. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NMIH#NASDAQ">NMIH</a>) from $40 to $48. RBC Capital analyst Scott Heleniak upgraded the stock from Sector Perform to Outperform. NMI Holdings shares fell 1.4% to close at $41.15 on Tuesday. <a href="https://www.benzinga.com/quote/NMIH/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>HC Wainwright &amp; Co. lifted <strong>Longboard Pharmaceuticals, Inc</strong>. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LBPH#NASDAQ">LBPH</a>) price target from $60 to $80. HC Wainwright &amp; Co. analyst Patrick Trucchio maintained a Buy rating. Longboard Pharmaceuticals shares fell 10.3% to close at $27.58 on Tuesday. S<a href="https://www.benzinga.com/quote/LBPH/analyst-ratings">ee how other analysts view this stock</a>.</li>
<li>Benchmark increased <strong>Belden Inc.</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BDC#NYSE">BDC</a>) price target from $115 to $120. Benchmark analyst Reuben Garner maintained a Buy rating. Belden shares gained 2.9% to close at $106.29 on Tuesday. <a href="https://www.benzinga.com/quote/BDC/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>B of A Securities boosted the price target for <strong>Starbucks Corporation</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>) from $112 to $118. B of A Securities analyst Sara Senatore maintained a Buy rating. Starbucks rose 0.1% to close at $96.44 on Tuesday. <a href="https://www.benzinga.com/quote/SBUX/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Needham cut <strong>Workday, Inc.</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDAY#NASDAQ">WDAY</a>) price target from $350 to $300. Needham analyst Scott Berg maintained a Buy rating. Workday shares fell 0.4% to close at $248.12 on Tuesday. <a href="https://www.benzinga.com/quote/WDAY/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Baird raised <strong>Ferguson Enterprises Inc</strong>. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FERG#NYSE">FERG</a>) price target from $222 to $225. Baird analyst David Manthey maintained an Outperform rating. Ferguson Enterprises shares gained 5% to close at $207.06 on Tuesday. <a href="https://www.benzinga.com/quote/FERG/analyst-ratings">See how other analysts view this stock.</a></li>
<li>B of A Securities cut the price target for <strong>FedEx Corporation</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDX#NYSE">FDX</a>) from $347 to $345. B of A Securities analyst Ken Hoexter maintained a Buy rating. FedEx shares rose 1.6% to close at $297.34 on Tuesday. <a href="https://www.benzinga.com/quote/FDX/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Goldman Sachs raised <strong>The Progressive Corporation</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PGR#NYSE">PGR</a>) price target from $262 to $280. Goldman Sachs analyst Alex Scott maintained a Buy rating. Progressive shares rose 0.2% to close at $256.91 on Tuesday. <a href="https://www.benzinga.com/quote/PGR/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Stifel raised <strong>Zoetis Inc</strong>. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZTS#NYSE">ZTS</a>) price target from $200 to $210. Stifel analyst Jonathan Block maintained a Buy rating. Zoetis shares rose 0.8% to close at $195.71 on Tuesday. <a href="https://www.benzinga.com/quote/ZTS/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
<p>Considering buying SBUX stock? Here&#8217;s what analysts think: </p>
<p><figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="526" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/18090157/image-141-1024x526.png" alt="" class="wp-image-553956" style="width:648px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/18090157/image-141-1024x526.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/18090157/image-141-300x154.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/18090157/image-141-768x394.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/18090157/image-141.png 1321w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure></p>
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</ul>


<p>Analysts' ratings for NMI Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NMIH#NASDAQ">NMIH</a>) over the last quarter vary from bullish to bearish, as provided by 8 analysts.</p>
<p>Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.</p>
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;"><strong>Bullish</strong></th>
<th style="text-align: right;"><strong>Somewhat Bullish</strong></th>
<th style="text-align: right;"><strong>Indifferent</strong></th>
<th style="text-align: right;"><strong>Somewhat Bearish</strong></th>
<th style="text-align: right;"><strong>Bearish</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Total Ratings</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>Last 30D</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>1M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>2M Ago</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>3M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
<p>Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $42.62, a high estimate of $48.00, and a low estimate of $40.00. This current average has increased by 11.8% from the previous average price target of $38.12. </p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1726660916_0.png" alt="price target chart" /></p>
<h2>Analyzing Analyst Ratings: A Detailed Breakdown</h2>
<p>A comprehensive examination of how financial experts perceive NMI Holdings is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.</p>
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Scott Heleniak</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Outperform</td>
<td>$48.00</td>
<td>$40.00</td>
</tr>
<tr>
<td>Bose George</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Raises</td>
<td>Market Perform</td>
<td>$40.00</td>
<td>$37.00</td>
</tr>
<tr>
<td>Terry Ma</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$43.00</td>
<td>$41.00</td>
</tr>
<tr>
<td>Richard Shane</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Overweight</td>
<td>$42.00</td>
<td>$40.00</td>
</tr>
<tr>
<td>Scott Heleniak</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Sector Perform</td>
<td>$40.00</td>
<td>$34.00</td>
</tr>
<tr>
<td>Mark Hughes</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$47.00</td>
<td>$37.00</td>
</tr>
<tr>
<td>Terry Ma</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$41.00</td>
<td>$40.00</td>
</tr>
<tr>
<td>Richard Shane</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Overweight</td>
<td>$40.00</td>
<td>$36.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li><strong>Action Taken:</strong> Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to NMI Holdings. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li><strong>Rating:</strong> Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of NMI Holdings compared to the broader market.</li>
<li><strong>Price Targets:</strong> Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.</li>
</ul>
<p>Capture valuable insights into NMI Holdings's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.</p>
<p><a href="https://www.benzinga.com/quote/NMIH/analyst-ratings?utm_source=Benzinga Insights"><strong>Stay up to date on NMI Holdings analyst ratings.</strong></a></p>
<h2>Delving into NMI Holdings's Background</h2>
<p>NMI Holdings Inc through its subsidiaries provides private mortgage guaranty insurance. 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. It protects lenders and investors from default-related losses on a portion of the unpaid principal balance of a covered mortgage.</p>
<h3>NMI Holdings: Delving into Financials</h3>
<p><strong>Market Capitalization:</strong> Exceeding industry standards, the company's market capitalization places it above industry average in size relative to peers. This emphasizes its significant scale and robust market position.</p>
<p><strong>Revenue Growth:</strong> NMI Holdings's revenue growth over a period of 3 months has been noteworthy. As of 30 June, 2024, the company achieved a revenue growth rate of approximately <strong>13.62%</strong>. This indicates a substantial increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Financials sector.</p>
<p><strong>Net Margin:</strong> NMI Holdings's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of <strong>56.8%,</strong> the company showcases strong profitability and effective cost management.</p>
<p><strong>Return on Equity (ROE):</strong> NMI Holdings's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of <strong>4.58%,</strong> the company showcases efficient use of equity capital and strong financial health.</p>
<p><strong>Return on Assets (ROA):</strong> The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of <strong>3.02%,</strong> the company showcases effective utilization of assets.</p>
<p><strong>Debt Management:</strong> NMI Holdings's debt-to-equity ratio is below the industry average at <strong>0.2</strong>, reflecting a lower dependency on debt financing and a more conservative financial approach.</p>
<h2>Analyst Ratings: What Are They?</h2>
<p>Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. </p>
<p>Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.</p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


Key Takeaways From NMI Holdings Analyst Ratings

<p>RBC Capital  analyst Scott Heleniak   upgrades NMI Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NMIH#NASDAQ">NMIH</a>) from Sector Perform to Outperform and raises the price target from $40 to $48.</p>


Upgrades

RBC Capital Upgrades NMI Holdings to Outperform, Raises Price Target to $48

<p>Shares of <strong>RLI Corp.</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rli#NYSE">RLI</a>) closed at $151.38 on Friday, near its 52-week high of $155.59. This proximity underscores investor confidence. It has the ingredients for further price appreciation. Technical indicators for RLI show that the stock is trading above its 50-day and 200-day moving averages, signaling strong upward momentum.</p>
<p>Earnings of RLI grew 18.7% in the last five years, better than the industry average of 10.5%. RLI has a solid surprise history. It surpassed earnings estimates in each of the last four quarters, the average being 140.08%.</p>
<p>Shares of RLI have gained 13.7% in the year-to-date period compared with the industry&#39;s growth of 28.2%. The stock has outperformed the Zacks S&amp;P 500 composite&#39;s growth 13.3%.</p>
<h2>RLI YTD Price Performance</h2>
<p><img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/c4/76952.jpg?v=232627320" /></p>
<p>Image Source: Zacks Investment Research</p>
<h2>Positive Analyst Sentiment Instills Confidence in RLI</h2>
<p>Three of the four analysts covering the stock have raised estimates for 2024 and 2025 over the past 60 days. The Zacks Consensus Estimate for 2024 and 2025 increased 4.9% and 3.6%, respectively.</p>
<p>The consensus estimate for 2024 and 2025 earnings indicates an improvement of 24.2% and 2.6%, respectively. RLI has a Growth Score of B.</p>
<h2>RLI&#39;s Favorable Return on Capital</h2>
<p>Return on equity in the trailing 12 months was 18.3%, higher than the industry average of 7.9%. Return on equity, a profitability measure, reflects how effectively a company is utilizing its shareholders. Its return on invested capital has increased every year. This reflects RLI&#39;s efficiency in utilizing funds to generate income. ROIC in the trailing 12 months was 7.6%, higher than the industry average of 6%.</p>
<h2>Key Points to Note for RLI</h2>
<p>Product diversification across the Casualty, Property and Surety segments of the company has fueled the insurer&#39;s growth and financial success. The Casualty segment continues to gain from an expanded distribution base in personal umbrella and rate increases.</p>
<p>The commercial property business has been gaining from higher wind and earthquake exposure rates. Rate increases, improved retention and new opportunities in the inland marine space should benefit marine products.</p>
<p>The Surety segment continues to benefit from its compelling product portfolio, growth within existing accounts and writing of bonds with new customers.<br />
Building materials inflation and new accounts will aid commercial and contract surety businesses in the future. RLI boasts solid operating results and its financial position remained strong. Operating cash flows are likely to gain from higher premium receipts.</p>
<p>The insurer has a sound capital structure, helping it meet the interests of its policyholders, enhance operations in the insurance sector and aid growth in its book value for the long term.</p>
<h2>RLI&#39;s Impressive Dividend History</h2>
<p>RLI has been paying dividends for 187 consecutive quarters and increased regular dividends in each of the last 48 years at an eight-year (2016-2023) CAGR of 3.9%. In addition, the insurer has been paying special dividends since 2011. Over the past five years, the insurer has returned $819 million to shareholders. RLI has $87.5 million of remaining capacity from the repurchase program.</p>
<h2>RLI Shares Are Expensive</h2>
<p>The stock is overvalued compared with its industry. It is currently trading at a price-to-book ratio of 4.37, higher than the industry average of 1.61.</p>
<p>However, shares of other players from the same space, like <strong>Axis Capital Holdings Limited</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/axs#NYSE">AXS</a>), <strong>CNA Financial Corporation</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cna#NYSE">CNA</a>) and <strong>NMI Holdings Inc</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nmih#NASDAQ">NMIH</a>), are trading at a discount to the industry average.</p>
<h2>Conclusion</h2>
<p>A strong product portfolio, rate increases, improved retention, higher premium receipts and sufficient liquidity and effective capital deployment should continue to favor RLI over the long term. Coupled with favorable growth estimates and ROE, the time appears right for potential investors to bet on this Zacks Rank #2 (Buy) insurer.</p>
<p><a href="https://www.zacks.com/stock/news/2333502/rli-stock-near-52-week-high-what-investors-should-know?cid=CS-BENZ-FT-analyst_blog|rank_focused-2333502">To read this article on Zacks.com click here.</a></p>


Press Releases

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

NMI Holdings, Inc. to Announce Second Quarter 2024 Financial Results on July 30, 2024

NMI Holdings, Inc. Reports Record Second Quarter 2024 Financial Results

NMI Holdings, Inc. Provides Guidance on Capital Position Under Revised Private Mortgage Insurer Eligibility Requirements

NMI Holdings, Inc. To Host Investor Day On November 21, 2024

General

NMI Holdings, Inc. Announces S&P Rating Upgrades

NMI Holdings, Inc. to Announce Third Quarter 2024 Financial Results on November 6, 2024; Reminder to Register for Annual Investor Day to be Held on November 21, 2024

NMI Holdings, Inc. Elevates Mohammad Yousaf to Chief of Operations and Technology

NMI Holdings, Inc. to Announce Fourth Quarter and Full Year 2024 Financial Results on February 6, 2025

NMI Holdings, Inc. Reports Fourth Quarter and Full Year 2024 Financial Results; Announces Additional $250 Million Share Repurchase Authorization

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