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NMI Holdings, Inc. Prices $425 Million Senior Unsecured Notes Offering and Enters Into New $250 Million Unsecured Revolving Credit Facility
Newsfilter· 2024-05-07 21:37
EMERYVILLE, Calif., May 07, 2024 (GLOBE NEWSWIRE) -- NMI Holdings, Inc. (NASDAQ:NMIH) (the "Company") announced today that it has priced its public offering (the "Offering") of $425 million aggregate principal amount of senior unsecured notes (the "Notes"). The Offering is expected to close on May 21, 2024, subject to customary closing conditions.   The Notes will pay interest semiannually at a rate of 6.0% per year and will mature on August 15, 2029. The Company intends to use net proceeds of the Offering ...
Why NMI Holdings (NMIH) is a Top Momentum Stock for the Long-Term
Zacks Investment Research· 2024-05-07 14:56
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.Zacks Premium also includes the Zacks Style Scores.What are the Zacks Style Scores?Developed alon ...
Here's Why NMI Holdings (NMIH) is a Strong Value Stock
Zacks Investment Research· 2024-05-06 14:46
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.Zacks Premium includes access to the Zacks Style Scores as well.What are the Zacks Style Scor ...
NMI Holdings (NMIH) Q1 Earnings and Revenues Beat, Rise Y/Y
Zacks Investment Research· 2024-05-01 17:46
NMI Holdings (NMIH) reported first-quarter 2024 operating net income per share of $1.08, which beat the Zacks Consensus Estimate by 12.5%. The bottom line increased 22.7% year over year. The quarterly results reflected higher premiums and net investment income, and increased persistency, which drove growth in the company’s high-quality insured portfolio.Operational UpdateNMI Holdings’ total operating revenues of $156 million increased 13.8% year over year on higher net premiums earned (up 12.2%) and net inv ...
NMI (NMIH) - 2024 Q1 - Earnings Call Transcript
2024-05-01 03:33
NMI Holdings, Inc. (NASDAQ:NMIH) Q1 2024 Earnings Conference Call April 30, 2024 5:00 PM ET Company Participants John Swenson - Vice President of Investor Relations & Treasury Bradley Shuster - Executive Chairman Adam Pollitzer - President & Chief Executive Officer Ravi Mallela - Chief Financial Officer Conference Call Participants Mark Hughes - Truist Mihir Bhatia - Bank of America Rick Shane - JPMorgan Doug Harter - UBS Scott Heleniak - RBC Operator Good afternoon and welcome to the NMI Holdings First Qua ...
NMI Holdings (NMIH) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates
Zacks Investment Research· 2024-05-01 00:06
NMI Holdings (NMIH) reported $156.25 million in revenue for the quarter ended March 2024, representing a year-over-year increase of 14.2%. EPS of $1.08 for the same period compares to $0.88 a year ago.The reported revenue represents a surprise of +2.51% over the Zacks Consensus Estimate of $152.43 million. With the consensus EPS estimate being $0.96, the EPS surprise was +12.50%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to deter ...
NMI (NMIH) - 2024 Q1 - Quarterly Report
2024-04-30 22:06
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to ______ Commission file number 001-36174 NMI Holdings, Inc. (Exact name of registrant as specified in its charter) Delaware 45-4914248 Yes ☒ No ☐ | I ...
NMI (NMIH) - 2024 Q1 - Quarterly Results
2024-04-30 20:06
1 • Primary insurance-in-force at quarter end was $199.4 billion, compared to $197.0 billion at the end of the fourth quarter and $186.7 billion at the end of the first quarter of 2023. • Net premiums earned were $136.7 million, compared to $132.9 million in the fourth quarter and $121.8 million in the first quarter of 2023. • Total revenue was $156.3 million, compared to $151.4 million in the fourth quarter and $136.8 million in the first quarter of 2023. • Insurance claims and claim expenses were $3.7 mil ...
NMI (NMIH) - 2023 Q4 - Earnings Call Transcript
2024-02-15 04:10
NMI Holdings, Inc. (NASDAQ:NMIH) Q4 2023 Earnings Conference Call February 14, 2024 5:00 PM ET Company Participants John Swenson - Vice President of Investor Relations & Treasury Bradley Shuster - Executive Chairman Adam Pollitzer - President & Chief Executive Officer Ravi Mallela - Chief Financial Officer Conference Call Participants Terry Ma - Barclays Doug Harter - UBS Arren Cyganovich - Citi Bose George - KBW Mihir Bhatia - Bank of America Rick Shane - JPMorgan Mark Hughes - Truist Securities Eric Hagen ...
NMI (NMIH) - 2023 Q4 - Annual Report
2024-02-14 23:02
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR (Exact name of registrant as specified in its charter) ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Delaware 45-4914248 Commission file number 001-36174 (State or other jurisdiction of incorporation or org ...