Buy NMI Holdings: Home Mortgage Credit Managers Are Getting Cheap [Seeking Alpha]
NMI Holdings Inc (NMIH)
Last nmi holdings inc earnings: 2/11 04:01 pm
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US:NASDAQ Investor Relations:
ir.nationalmi.com
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Source: Seeking Alpha
The company reported strong earnings with EPS beating estimates and cash EPS increasing by 21%. NMIH's outlook is positive, with expected growth in insurance premiums earned, investment income, and stock buybacks. Investors are giving mortgage credit managers far lower valuations than managers of auto, credit card, and other personal loan credit. My target price of $45 is up more than 50% from the current price. What is a NMI Holdings? For you novices, NMI Holdings (National Mortgage) ( NASDAQ: NMIH ) is a private mortgage insurer, or PMI. PMIs insure Fannie Mae and Freddie Mac against default risk on home mortgage loans originated with less than a 20% down payment. The borrower pays the PMIs an insurance premium of about 35 bp of the loan balance to allow the borrower to make a low down payment. The PMIs pay Fannie or Freddie up to 25% of the loan balance in the event of a foreclosure. Competitors to NMIH include MGIC, Radian and Essent. Another excellent quarter Here
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NMIH
News
- NMI Holdings, Inc. Prices $425 Million Senior Unsecured Notes Offering and Enters Into New $250 Million Unsecured Revolving Credit Facility [Yahoo! Finance]Yahoo! Finance
- NMI Holdings, Inc. Prices $425 Million Senior Unsecured Notes Offering and Enters Into New $250 Million Unsecured Revolving Credit FacilityGlobeNewswire
- NMI Holdings, Inc. (NASDAQ: NMIH) had its price target raised by analysts at Compass Point from $33.00 to $36.00. They now have a "buy" rating on the stock.MarketBeat
- NMI Holdings Inc (NMIH) Hits Fresh High: Is There Still Room to Run? [Yahoo! Finance]Yahoo! Finance
- NMI Holdings, Inc. (NASDAQ: NMIH) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
NMIH
Earnings
- 4/30/24 - Beat
NMIH
Sec Filings
- 5/7/24 - Form FWP
- 5/7/24 - Form 424B2
- 5/7/24 - Form S-3ASR
- NMIH's page on the SEC website