EMERYVILLE, Calif., Feb. 06, 2025 (GLOBE NEWSWIRE) -- NMI Holdings, Inc. (Nasdaq: NMIH) today reported net income of $86.2 million, or $1.07 per diluted share, for the fourth quarter ended December 31, 2024, which compares to $92.8 million, or $1.15 per diluted share, for the third quarter ended September 30, 2024 and $83.4 million, or $1.01 per diluted share, for the fourth quarter ended December 31, 2023. Adjusted net income for the quarter was $86.1 million, or $1.07 per diluted share, which compares to ...

Earnings Announcement - NMI Holdings Inc will report its Q4 and full-year 2024 results after market close on February 6 2025 [1] Conference Call Details - The company will hold a conference call and live webcast at 2:00 pm PT / 5:00 pm ET on February 6 2025 [2] - The webcast will be available on the company's investor relations website [2] - The call can be accessed by dialing (844) 481-2708 in the US or (412) 317-0664 internationally [2] - A replay of the webcast and earnings materials will be available on the company's website [2] Company Overview - NMI Holdings Inc is the parent company of National Mortgage Insurance Corporation (National MI) [3] - National MI is a US-based private mortgage insurance company [3] - The company enables low-down-payment borrowers to achieve home ownership while protecting lenders and investors from borrower default risks [3]

NMI Holdings Inc. (NMIH) has been trading above its 50-day simple moving average (SMA), signaling a short-term bullish trend. Its share price as of Jan. 21, 2025, was $37.76, down 11.1% from its 52-week high of $42.49.The 50-day SMA is a key indicator for traders and analysts to identify support and resistance levels. It is considered particularly important as this is the first marker of an uptrend or downtrend.With a market capitalization of $2.98 billion, NMIH is set to gain from improving mortgage insura ...

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I haven’t written for SA for several months. My articles over time were generally of two types. One was recommending purchase of value stocks in the housing and consumer finance industries, my area of experience. TheGary Gordon’s career was on Wall Street, where he was a stock analyst covering the housing, mortgage and consumer finance industries. He also served as a U.S. investment strategist and as a portfolio manager. The bulk of his work career was at PaineWebber and UBS. He is now retired. Mr. Gordon i ...

Shares of NMI Holdings (NMIH) have gained 23.1% year to date, underperforming the industry’s growth of 26.5% and the S&P 500 composite’s rise of 25.3%. The company has outperformed the  Finance sector’s rally of 17.2%.NMIH shares are trading well above the 50-day moving average, indicating a bullish trend.An improving mortgage insurance portfolio, higher new insurance written volume, a comprehensive reinsurance program, a solid capital position and effective capital deployment should drive NMI Holdings’ sto ...

EMERYVILLE, Calif., Dec. 17, 2024 (GLOBE NEWSWIRE) -- NMI Holdings, Inc., (NASDAQ: NMIH) announced today that Mohammad Yousaf, currently the company’s Executive Vice President, Operations and Information Technology, has been appointed to the newly created position of Chief of Operations and Technology, effective January 1, 2025. Upon his appointment, Mr. Yousaf will continue to lead the innovation of National MI’s customer platform and technology roadmap and play an important role in shaping the company’s f ...

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.NMIH Outperforms Industry, Sector, S&P in a YearImage Source: Zacks Investment ...

The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe ...

Core Insights - NMI Holdings (NMIH) reported a third-quarter 2024 operating net income per share of $1.15, exceeding the Zacks Consensus Estimate by 4.6% and reflecting a 15% year-over-year increase [1] - The company's total operating revenues reached $166 million, a 12.3% increase year over year, driven by higher net premiums earned and net investment income [2] - The primary insurance in force rose by 6.5% to $207.5 billion, with an annual persistency rate of 85.5%, up 10 basis points year over year [2] Operational Update - NMI Holdings' net premiums earned increased by 10.2%, while net investment income surged by 25.8% [2] - New insurance written decreased by 2% year over year to $12.2 billion [2] - Underwriting and operating expenses totaled $29.2 million, up 5.1% year over year, with insurance claims and claim expenses more than doubling to $10.3 million [3] Financial Update - Book value per share increased by 7.8% year over year to $27.67 as of September 30, 2024 [4] - Cash and cash equivalents decreased by 37.9% from the end of 2023 to $133.3 million, while the debt balance rose by 4.3% to $414.5 million [4] - The annualized adjusted return on equity contracted by 150 basis points year over year to 17.5% [4] PMIERs and Risk-Based Assets - Total PMIERs available assets were reported at $3 billion, with net risk-based required assets totaling $1.7 billion at the end of the third quarter of 2024 [5] Industry Performance - The Travelers Companies reported a third-quarter 2024 core income of $5.24 per share, beating estimates by 38.2%, with total revenues increasing by 10.7% to $11.84 billion [7] - Progressive Corporation's earnings per share of $3.97 exceeded estimates by 16.6%, with operating revenues improving by 24.9% year over year to $19.5 billion [9] - RLI Corp. reported operating earnings of $1.31 per share, beating estimates by 33.7%, with gross premiums written increasing by 13% year over year to $563.4 million [11]