
NMI Hlds (NMIH) Stock Forecast & Price Target
NMI Hlds (NMIH) Analyst Ratings
Bulls say
NMI Holdings Inc. demonstrated robust financial growth in Q3, with a 7.9% sequential increase in book value per share, reaching $27.67. The company experienced a substantial 26% year-over-year rise in investment income, totaling $22.5 million, fueled by higher new money yields, alongside a noteworthy 7.8% increase in new insurance written (NIW) to $12.2 billion. Additionally, NMI's insurance in force grew 2.0% sequentially, surpassing expectations, bolstered by historically high persistency levels, indicating a strong and resilient demand for its mortgage insurance products.
Bears say
NMI Holdings reported a decline in its annualized return on equity for Q3, decreasing to 17.5% from 19.4% in the prior quarter, signaling potential weakness in profitability. Although the company's expense ratio improved to 20.3%, the deceleration in reserve releases to 7.6 points raises concerns about the company's ability to manage future losses effectively. Additionally, the anticipation of an uneven housing recovery suggests that slower growth and increased losses could negatively impact the market multiple for the company's shares.
This aggregate rating is based on analysts' research of NMI Hlds and is not a guaranteed prediction by Public.com or investment advice.
NMI Hlds (NMIH) Analyst Forecast & Price Prediction
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