Fintel reports that on August 2, 2023, JP Morgan maintained coverage of NMI Holdings Inc - (NASDAQ:NMIH) with a Overweight recommendation.
Analyst Price Forecast Suggests 0.30% Upside
As of August 2, 2023, the average one-year price target for NMI Holdings Inc - is 28.48. The forecasts range from a low of 25.25 to a high of $32.55. The average price target represents an increase of 0.30% from its latest reported closing price of 28.39.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for NMI Holdings Inc - is 547MM, an increase of 0.64%. The projected annual non-GAAP EPS is 3.71.
What is the Fund Sentiment?
There are 605 funds or institutions reporting positions in NMI Holdings Inc -. This is an increase of 4 owner(s) or 0.67% in the last quarter. Average portfolio weight of all funds dedicated to NMIH is 0.19%, an increase of 6.53%. Total shares owned by institutions decreased in the last three months by 1.02% to 96,885K shares. 
The put/call ratio of NMIH is 0.17, indicating a bullish outlook.
What are Other Shareholders Doing?
IJR - iShares Core S&P Small-Cap ETF holds 6,096K shares representing 7.32% ownership of the company. In it's prior filing, the firm reported owning 6,194K shares, representing a decrease of 1.60%. The firm increased its portfolio allocation in NMIH by 2.18% over the last quarter.
Oaktree Capital Management holds 4,900K shares representing 5.88% ownership of the company. No change in the last quarter.
Macquarie Group holds 3,833K shares representing 4.60% ownership of the company. In it's prior filing, the firm reported owning 3,750K shares, representing an increase of 2.18%. The firm decreased its portfolio allocation in NMIH by 9.26% over the last quarter.
DCCAX - Delaware Small Cap Core Fund holds 2,991K shares representing 3.59% ownership of the company. In it's prior filing, the firm reported owning 2,913K shares, representing an increase of 2.59%. The firm increased its portfolio allocation in NMIH by 22.50% over the last quarter.
Van Berkom & Associates holds 2,880K shares representing 3.46% ownership of the company. In it's prior filing, the firm reported owning 2,704K shares, representing an increase of 6.09%. The firm decreased its portfolio allocation in NMIH by 1.83% over the last quarter.
NMI Holdings Background Information
(This description is provided by the company.)
NMI Holdings, Inc., is the parent company of National Mortgage Insurance Corporation (National MI), a U.S.-based, private mortgage insurance company enabling low down payment borrowers to realize home ownership while protecting lenders and investors against losses related to a borrower's default.
Additional reading:
- NMI HOLDINGS, INC. AMENDED AND RESTATED 2014 OMNIBUS INCENTIVE PLAN
- Guaranteed Securities by Subsidiary Guarantor
- NMI Holdings, Inc. Reports Second Quarter 2023 Financial Results; Announces Additional $200 Million Share Repurchase Authorization
- NMI Holdings, Inc. Amended and Restated 2014 Omnibus Incentive Plan
- Guaranteed Securities by Subsidiary Guarantor
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
