Core Insights - NMI Holdings, Inc. reported a net income of $86.2 million for Q4 2024, a decrease from $92.8 million in Q3 2024 but an increase from $83.4 million in Q4 2023 [1][6] - For the full year 2024, net income was $360.1 million, up from $322.1 million in 2023, with adjusted net income at $365.6 million compared to $322.1 million in the previous year [2][24] - The company announced a $250 million share repurchase plan effective through December 31, 2027, indicating confidence in its financial position [3][4] Financial Performance - Q4 2024 highlights include: - Primary insurance-in-force reached $210.2 billion, up 1% quarter-over-quarter and 7% year-over-year [5][6] - New Insurance Written (NIW) was $11.9 billion, down 2% from Q3 2024 but up 34% from Q4 2023 [5][6] - Net premiums earned were $143.5 million, a slight increase from $143.3 million in Q3 2024 and an 8% increase from $132.9 million in Q4 2023 [5][6] - Total revenue for Q4 2024 was $166.5 million, compared to $166.1 million in Q3 2024 and $151.4 million in Q4 2023 [6][24] - Insurance claims and claim expenses rose to $17.3 million, significantly higher than $10.3 million in Q3 2024 and $8.2 million in Q4 2023, resulting in a loss ratio of 12.0% [6][7] Shareholder Value - The company reported a book value per share of $28.21, up 4% from $28.71 in Q3 2024 and 17% from $25.54 in Q4 2023 [6][7] - The annualized return on equity for Q4 2024 was 15.6%, down from 17.5% in Q3 2024 and 18.0% in Q4 2023 [6][7] - Shareholders' equity at the end of Q4 2024 was $2.2 billion, reflecting a strong capital position [6][24]

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 ...

Undercovered Investment Ideas - The Undercovered Dozen highlights twelve actionable investment ideas on tickers with less coverage, ranging from "boring" large caps to promising small caps [1] - Inclusion criteria for "undercovered" tickers include: market cap greater than $100 million, more than 800 symbol page views in the last 90 days on Seeking Alpha, and fewer than two articles published in the past 30 days [1] - Follow the account to receive a weekly review of twelve undercovered ideas from valued analysts [1] Analyst and Seeking Alpha Disclosures - The analyst has no stock, option, or derivative positions in any mentioned companies and no plans to initiate such positions within the next 72 hours [2] - The article expresses the analyst's own opinions, and the analyst is not receiving compensation for it [2] - Seeking Alpha emphasizes that past performance is no guarantee of future results and does not provide personalized investment advice [3] - Seeking Alpha is not a licensed securities dealer, broker, or US investment adviser or investment bank [3]

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 ...

Core Viewpoint - NMI Holdings, Inc. has appointed Mohammad Yousaf as the Chief of Operations and Technology, effective January 1, 2025, reflecting his significant contributions and leadership within the company [1][3]. Company Overview - National MI is a private mortgage insurance company that enables low down payment borrowers to achieve home ownership while protecting lenders and investors against losses from borrower defaults [5]. Leadership and Contributions - Mohammad Yousaf has been with National MI since 2018, previously serving as Senior Vice President and Chief Business Transformation Officer and Vice President of Business Development and Technology Partnerships [4]. - The appointment of Mr. Yousaf is seen as a well-deserved promotion, highlighting his instrumental role in the company's success and innovation [3]. Future Direction - In his new role, Mr. Yousaf will continue to lead the innovation of National MI's customer platform and technology roadmap, collaborating with the executive team to shape the company's future [2][5]. - Mr. Yousaf expressed pride in leading the operations and technology teams, emphasizing the company's commitment to providing differentiated solutions and services in the private mortgage insurance industry [5].

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]