NMI Holdings Stock Rises 39.5% in a Year: More Room for Growth?

Zacks11-22 21:43

NMI Holdings Inc. NMIH shares have rallied 39.5% in a year compared with the industry's growth of 29.6%. The Finance sector and the Zacks S&P 500 composite have returned 30.2% and 30%, respectively, ...

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The Finance sector and the Zacks S&P 500 composite have returned 30.2% and 30%, respectively, ...</p>\n\n<a href=\"https://finance.yahoo.com/news/nmi-holdings-stock-rises-39-134300590.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>NMI Holdings Stock Rises 39.5% in a Year: More Room for Growth?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNMI Holdings Stock Rises 39.5% in a Year: More Room for Growth?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-22 21:43 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/nmi-holdings-stock-rises-39-134300590.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>NMI Holdings Inc. NMIH shares have rallied 39.5% in a year compared with the industry's growth of 29.6%. The Finance sector and the Zacks S&P 500 composite have returned 30.2% and 30%, respectively, ...</p>\n\n<a href=\"https://finance.yahoo.com/news/nmi-holdings-stock-rises-39-134300590.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"NMI","symbol_name":"纽文市政收益基金","start_time":0,"source_url":"https://finance.yahoo.com/news/nmi-holdings-stock-rises-39-134300590.html","article_id":"2485606822","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/EEUv5JQFTAI4U5iqIocwgw--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/9d8e6ae4a2f2f78756262fb38b308001"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2485606822","pubTimestamp":1732282980,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"NMI Holdings Inc. NMIH shares have rallied 39.5% in a year compared with the industry's growth of 29.6%. The Finance sector and the Zacks S&P 500 composite have returned 30.2% and 30%, respectively, in the same time frame. With a market capitalization of $3.02 billion, the average volume of shares traded in the last three months was 0.5 million. Currently priced at $38.27, the stock is a little below its 52-week high of $42.49.The rally was largely driven by an improving mortgage insurance portfolio, higher new insurance written volume, a comprehensive reinsurance program, its solid capital position and effective capital deployment.This insurer has a solid track record of beating earnings estimates in each of the last four quarters, the average being 9.69%.The Zacks Consensus Estimate for NMI Holdings’ 2024 earnings per share indicates a year-over-year increase of 17.9%. The consensus estimate for revenues is pegged at $652.38 million, implying a year-over-year improvement of 12.6%.The","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"NMI":"纽文市政收益基金","BK4229":"商业和住宅抵押贷款融资","BK4080":"零售业房地产投资信托","FAF":"第一美国","BK4231":"零售房地产信托","ROE":"ASTORIA US QUALITY KINGS ETF","ROIC":"Retail Opportunity Investments C","BK4195":"互助储蓄与抵押信贷金融服务","MCY":"默邱利通用","PRA":"ProAssurance Corp","NMIH":"NMI Holdings Inc.","BK4107":"财产与意外伤害保险"},"translate_title":"NMI Holdings股价一年内上涨39.5%：增长空间更大？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"FAF":1,"MCY":1,"NMI":1,"PRA":1,"ROE":1,"ROIC":1,"NMIH":0.9},"content_text":"NMI Holdings Inc. NMIH shares have rallied 39.5% in a year compared with the industry's growth of 29.6%. The Finance sector and the Zacks S&P 500 composite have returned 30.2% and 30%, respectively, in the same time frame. With a market capitalization of $3.02 billion, the average volume of shares traded in the last three months was 0.5 million. Currently priced at $38.27, the stock is a little below its 52-week high of $42.49.\nNMIH Outperforms Industry, Sector, S&P in a Year\nImage Source: Zacks Investment Research\nThe rally was largely driven by an improving mortgage insurance portfolio, higher new insurance written volume, a comprehensive reinsurance program, its solid capital position and effective capital deployment.This insurer has a solid track record of beating earnings estimates in each of the last four quarters, the average being 9.69%.\nNMIH Trading Above 200-Day Moving Average\nThis Zacks Rank #3 (Hold) property and casualty insurer is trading above its 200-day simple moving average (SMA) of $35.16, indicating solid upward momentum. SMA is a widely used technical analysis tool to predict future price trends by analyzing historical price data.\nNMIH’s Growth Projection Encourages\nThe Zacks Consensus Estimate for NMI Holdings’ 2024 earnings per share indicates a year-over-year increase of 17.9%. The consensus estimate for revenues is pegged at $652.38 million, implying a year-over-year improvement of 12.6%. The consensus estimate for 2025 earnings per share and revenues indicates an increase of 4.4% and 7.6%, respectively, from the corresponding 2024 estimates.\nNMI Holdings’ Favorable Return on Capital\nReturn on equity (ROE) for the trailing 12 months was 17.8%, comparing favorably with the industry’s 7.5%. This reflects its efficiency in utilizing shareholders’ funds. Also, return on invested capital (ROIC) has been increasing over the last few quarters as the company raised its capital investment over the same time frame. This reflects NMIH’s efficiency in utilizing funds to generate income. ROIC in the trailing 12 months was 14.3%, better than the industry average of 5.8%.\nWill NMIH’s Rally Stay?\nThe Zacks Consensus Estimate for 2024 earnings has moved 0.6% north in the past 30 days, reflecting analysts’ optimism.Per the Federal Reserve, the U.S. residential mortgage market is one of the largest in the world, with nearly $13 trillion of mortgage debt outstanding as of Dec. 31, 2023, and includes both primary and secondary components. NMIH stands to gain from new business opportunities from a growing mortgage insurance market. NMI Holdings’ mortgage insurance portfolio is expected to create a strong foundation for future earnings.Growth in monthly and single premium policy production is tied to the increased penetration of existing customer accounts. New customer account activation will also drive results. In order to enhance its return profile, absorb losses, provide efficient growth capital and mitigate the impact of credit volatility, NMI Holdings has a comprehensive reinsurance program for its in-force portfolio.To drive margin expansion, NMIH remains focused on efficiency and expense management. NMI Holdings engages in share buybacks and has a $108.1 million share repurchase program under its kitty.All these together should help the insurer continue to generate solid mid-teens shareholders’ returns.The expected long-term growth rate is pegged at 9.1%. Notably, earnings grew 18.7% in the past five years, better than the industry average of 11.4%. NMI Holdings’ superior primary insurance in-force portfolio generates industry-leading growth. \nAttractive Valuation\nNMIH’s shares are trading at a price-to-book multiple of 1.39, lower than the industry average of 1.59. Before valuation expands, it is wise to take a position in the stock.\nKey Picks\nInvestors interested in the property and casualty insurance industry may look at some better-ranked players like First American Financial Corporation FAF, Mercury General Corporation MCY and ProAssurance Corporation PRA, each sporting a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.The Zacks Consensus Estimate for First American’s 2024 and 2025 earnings indicates 6.3% and 31.7% year-over-year growth, respectively. In the past year, shares of FAF have gained 14.7%.The Zacks Consensus Estimate for 2024 and 2025 earnings has moved 3.8% and 5.3% north, respectively, in the past 30 days.Mercury General's bottom line outpaced estimates in each of the trailing four quarters, the average surprise being 694.28%. In the past year, shares of MCY have rallied 108.8%.The Zacks Consensus Estimate for MCY’s 2024 and 2025 earnings implies year-over-year growth of 2,016.67% and 8.66%, respectively.ProAssurance's bottom line outpaced estimates in three of the trailing four quarters and missed in one, the average surprise being 61.46%. In the past year, shares of PRA have gained 29.5%.The Zacks Consensus Estimate for PRA’s 2024 and 2025 earnings implies year-over-year growth of 571.4% and 19.3%, respectively.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nProAssurance Corporation (PRA) : Free Stock Analysis Report\nFirst American Financial Corporation (FAF) : Free Stock Analysis Report\nMercury General Corporation (MCY) : Free Stock Analysis Report\nNMI Holdings Inc (NMIH) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2485606822"}