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 ...

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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]

NMI Holdings (NMIH) reported $166.09 million in revenue for the quarter ended September 2024, representing a year-over-year increase of 12.1%. EPS of $1.15 for the same period compares to $1.00 a year ago.The reported revenue represents a surprise of +0.92% over the Zacks Consensus Estimate of $164.59 million. With the consensus EPS estimate being $1.10, the EPS surprise was +4.55%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wal ...

NMI Holdings (NMIH) came out with quarterly earnings of $1.15 per share, beating the Zacks Consensus Estimate of $1.10 per share. This compares to earnings of $1 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 4.55%. A quarter ago, it was expected that this mortgage insurance company would post earnings of $1.04 per share when it actually produced earnings of $1.20, delivering a surprise of 15.38%.Over the last four quarters, ...

EXHIBIT 99.1 FOR IMMEDIATE RELEASE NMI Holdings, Inc. Reports Third Quarter 2024 Financial Results; Announces New Reinsurance Agreements EMERYVILLE, Calif., Nov. 6, 2024 -- NMI Holdings, Inc. (Nasdaq: NMIH) today reported net income of $92.8 million, or $1.15 per diluted share, for the third quarter ended September 30, 2024, compared to $92.1 million, or $1.13 per diluted share, for the second quarter ended June 30, 2024 and $84.0 million, or $1.00 per diluted share, for the third quarter ended September 30 ...

EMERYVILLE, Calif., Nov. 06, 2024 (GLOBE NEWSWIRE) -- NMI Holdings, Inc. (Nasdaq: NMIH) today reported net income of $92.8 million, or $1.15 per diluted share, for the third quarter ended September 30, 2024, compared to $92.1 million, or $1.13 per diluted share, for the second quarter ended June 30, 2024 and $84.0 million, or $1.00 per diluted share, for the third quarter ended September 30, 2023. Adam Pollitzer, President and Chief Executive Officer of National MI, said, “In the third quarter, we again del ...

A downtrend has been apparent in NMI Holdings (NMIH) lately with too much selling pressure. The stock has declined 6% over the past four weeks. However, given the fact that it is now in oversold territory and Wall Street analysts are majorly in agreement about the company's ability to report better earnings than they predicted earlier, the stock could be due for a turnaround. How to Determine if a Stock is Oversold We use Relative Strength Index (RSI), one of the most commonly used technical indicators, for ...

EMERYVILLE, Calif., Oct. 16, 2024 (GLOBE NEWSWIRE) -- NMI Holdings, Inc. (NASDAQ: NMIH), the parent company of National Mortgage Insurance Corporation (National MI), today announced that it will report results for its third quarter ended September 30, 2024 after the market close on Wednesday, November 6, 2024. The company will hold a conference call and live webcast at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time. The webcast will be available on the company's website at https://ir.nationalmi.com/events- ...

Investors looking for stocks in the Insurance - Property and Casualty sector might want to consider either NMI Holdings (NMIH) or Kinsale Capital Group, Inc. (KNSL) . But which of these two stocks offers value investors a better bang for their buck right now? We'll need to take a closer look. The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The Zacks Rank is a proven strategy that targets companies with positive ...