NMIH Stock Recent News
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NMI Holdings (NMIH) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
NMI Holdings is a private mortgage insurer that insures Fannie Mae and Freddie Mac against default risk on home mortgage loans. The company reported strong earnings with EPS beating estimates and cash EPS increasing by 21%. NMIH's outlook is positive, with expected growth in insurance premiums earned, investment income, and stock buybacks.
NMI Holdings' (NMIH) fourth-quarter results reflect higher premiums and net investment income, and increased persistency, which drove growth in the company's high-quality insured portfolio.
NMI Holdings, Inc. (NMIH) Q4 2023 Earnings Call Transcript
While the top- and bottom-line numbers for NMI Holdings (NMIH) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
NMI Holdings (NMIH) came out with quarterly earnings of $1.01 per share, beating the Zacks Consensus Estimate of $0.95 per share. This compares to earnings of $0.86 per share a year ago.
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EMERYVILLE, Calif., Jan. 19, 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 fourth quarter ended December 31, 2023 after the market close on Wednesday, February 14, 2024.
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