NMI Holdings에 대한 매도 수량은 투자자에게 NMI Holdings의 주식 하락에 베팅하는 정도를 알려줍니다. 매도 수량 데이터는 2주마다 업데이트됩니다.

NMI Holdings (NASDAQ:NMIH) 주식, 공매도 수량 보고

NMI Holdings

NMI Holdings Inc through its subsidiaries provides private mortgage guaranty insurance. The company offers mortgage insurance, reinsurance on loans, and outsourced loan review services to mortgage loan originators. It serves national and regional mortgage banks, money center banks, credit unions, community banks, builder-owned mortgage lenders, Internet-sourced lenders, and other non-bank lenders. It protects lenders and investors from default-related losses on a portion of the unpaid principal balance of a covered mortgage.

NMI Holdings Inc

<p>Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.</p>
<ul>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/59b1370215737d0001bc14de/ryan-zimmerman">BTIG analyst Ryan Zimmerman</a> upgraded <strong>GE HealthCare Technologies Inc.</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GEHC#NASDAQ">GEHC</a>) from Neutral to Buy and announced a price target of $100. Dell shares gained 0.2% to close at $86.79 on Tuesday. <a href="https://www.benzinga.com/quote/SBUX/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Guggenheim analyst Curry Baker upgraded <strong>Sirius XM Holdings Inc.</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIRI#NASDAQ">SIRI</a>) from Neutral to Buy and announced a $30 price target. Sirius XM shares fell 1.6% to close at $23.27 on Tuesday. <a href="https://www.benzinga.com/quote/SIRI/analyst-ratings">See how other analysts view this stoc</a>k.</li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/594d093d988ca8000150db4e/jonathan-petersen">Jefferies analyst Jonathan Petersen</a> upgraded the rating for <strong>Extra Space Storage Inc</strong>. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EXR#NYSE">EXR</a>) from Hold to Buy and raised the price target from $162 to $204. Extra Space Storage shares gained 0.7% to close at $178.78 on Tuesday. <a href="https://www.benzinga.com/quote/EXR/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Barclays analyst Adrienne Yih upgraded the rating for <strong>Victoria&#8217;s Secret &amp; Co.</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VSCO#NYSE">VSCO</a>) from Underweight to Equal-Weight and raises the price target from $23 to $25 Victoria&#8217;s Secret shares gained 3% to close at $24.27 on Tuesday. <a href="https://www.benzinga.com/quote/VSCO/analyst-ratings">See how other analysts view this stock.</a></li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/64fb1c739ab00f000169d491/scott-heleniak">RBC Capital analyst Scott Heleniak</a> upgraded the rating for <strong>NMI Holdings, Inc</strong>. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NMIH#NASDAQ">NMIH</a>) from Sector Perform to Outperform and boosted the price target from $40 to $48. NMI Holdings shares fell 1.4% to close at $41.15 on Tuesday. <a href="https://www.benzinga.com/quote/NMIH/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
<p>Considering buying GEHC stock? Here&#8217;s what analysts think: </p>
<p><figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="523" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/18091924/image-142-1024x523.png" alt="" class="wp-image-554014" style="width:615px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/18091924/image-142-1024x523.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/18091924/image-142-300x153.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/18091924/image-142-768x392.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/18091924/image-142.png 1315w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure></p>
<p><strong>Read Next: </strong></p>
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News

Price Target

Pre-Market Outlook

Markets

Analyst Ratings

Trading Ideas

GEHC

NMIH

SIRI

VSCO

This GE HealthCare Analyst Turns Bullish; Here Are Top 5 Upgrades For Wednesday

<p>Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.</p>
<ul>
<li>Piper Sandler raised the price target for <strong>Aspen Technology, Inc</strong>. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AZPN#NASDAQ">AZPN</a>) from  $200 to $217. Piper Sandler analyst Clarke Jeffries maintained a Neutral rating. Aspen Technology shares gained 3.3% to close at $233.54 on Tuesday. <a href="https://www.benzinga.com/quote/AZPN/analyst-ratings">See how other analysts view this stock.</a></li>
<li>RBC Capital raised the price target for <strong>NMI Holdings, Inc</strong>. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NMIH#NASDAQ">NMIH</a>) from $40 to $48. RBC Capital analyst Scott Heleniak upgraded the stock from Sector Perform to Outperform. NMI Holdings shares fell 1.4% to close at $41.15 on Tuesday. <a href="https://www.benzinga.com/quote/NMIH/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>HC Wainwright &amp; Co. lifted <strong>Longboard Pharmaceuticals, Inc</strong>. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LBPH#NASDAQ">LBPH</a>) price target from $60 to $80. HC Wainwright &amp; Co. analyst Patrick Trucchio maintained a Buy rating. Longboard Pharmaceuticals shares fell 10.3% to close at $27.58 on Tuesday. S<a href="https://www.benzinga.com/quote/LBPH/analyst-ratings">ee how other analysts view this stock</a>.</li>
<li>Benchmark increased <strong>Belden Inc.</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BDC#NYSE">BDC</a>) price target from $115 to $120. Benchmark analyst Reuben Garner maintained a Buy rating. Belden shares gained 2.9% to close at $106.29 on Tuesday. <a href="https://www.benzinga.com/quote/BDC/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>B of A Securities boosted the price target for <strong>Starbucks Corporation</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>) from $112 to $118. B of A Securities analyst Sara Senatore maintained a Buy rating. Starbucks rose 0.1% to close at $96.44 on Tuesday. <a href="https://www.benzinga.com/quote/SBUX/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Needham cut <strong>Workday, Inc.</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDAY#NASDAQ">WDAY</a>) price target from $350 to $300. Needham analyst Scott Berg maintained a Buy rating. Workday shares fell 0.4% to close at $248.12 on Tuesday. <a href="https://www.benzinga.com/quote/WDAY/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Baird raised <strong>Ferguson Enterprises Inc</strong>. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FERG#NYSE">FERG</a>) price target from $222 to $225. Baird analyst David Manthey maintained an Outperform rating. Ferguson Enterprises shares gained 5% to close at $207.06 on Tuesday. <a href="https://www.benzinga.com/quote/FERG/analyst-ratings">See how other analysts view this stock.</a></li>
<li>B of A Securities cut the price target for <strong>FedEx Corporation</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDX#NYSE">FDX</a>) from $347 to $345. B of A Securities analyst Ken Hoexter maintained a Buy rating. FedEx shares rose 1.6% to close at $297.34 on Tuesday. <a href="https://www.benzinga.com/quote/FDX/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Goldman Sachs raised <strong>The Progressive Corporation</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PGR#NYSE">PGR</a>) price target from $262 to $280. Goldman Sachs analyst Alex Scott maintained a Buy rating. Progressive shares rose 0.2% to close at $256.91 on Tuesday. <a href="https://www.benzinga.com/quote/PGR/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Stifel raised <strong>Zoetis Inc</strong>. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZTS#NYSE">ZTS</a>) price target from $200 to $210. Stifel analyst Jonathan Block maintained a Buy rating. Zoetis shares rose 0.8% to close at $195.71 on Tuesday. <a href="https://www.benzinga.com/quote/ZTS/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
<p>Considering buying SBUX stock? Here&#8217;s what analysts think: </p>
<p><figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="526" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/18090157/image-141-1024x526.png" alt="" class="wp-image-553956" style="width:648px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/18090157/image-141-1024x526.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/18090157/image-141-300x154.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/18090157/image-141-768x394.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/18090157/image-141.png 1321w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure></p>
<p><strong>Read Next: </strong></p>
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</ul>


AZPN

FERG

LBPH

SBUX

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Starbucks To Rally More Than 22%? Here Are 10 Top Analyst Forecasts For Wednesday

<p>Analysts' ratings for NMI Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NMIH#NASDAQ">NMIH</a>) over the last quarter vary from bullish to bearish, as provided by 8 analysts.</p>
<p>Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.</p>
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;"><strong>Bullish</strong></th>
<th style="text-align: right;"><strong>Somewhat Bullish</strong></th>
<th style="text-align: right;"><strong>Indifferent</strong></th>
<th style="text-align: right;"><strong>Somewhat Bearish</strong></th>
<th style="text-align: right;"><strong>Bearish</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Total Ratings</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>Last 30D</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>1M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>2M Ago</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>3M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
<p>Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $42.62, a high estimate of $48.00, and a low estimate of $40.00. This current average has increased by 11.8% from the previous average price target of $38.12. </p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1726660916_0.png" alt="price target chart" /></p>
<h2>Analyzing Analyst Ratings: A Detailed Breakdown</h2>
<p>A comprehensive examination of how financial experts perceive NMI Holdings is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.</p>
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Scott Heleniak</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Outperform</td>
<td>$48.00</td>
<td>$40.00</td>
</tr>
<tr>
<td>Bose George</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Raises</td>
<td>Market Perform</td>
<td>$40.00</td>
<td>$37.00</td>
</tr>
<tr>
<td>Terry Ma</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$43.00</td>
<td>$41.00</td>
</tr>
<tr>
<td>Richard Shane</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Overweight</td>
<td>$42.00</td>
<td>$40.00</td>
</tr>
<tr>
<td>Scott Heleniak</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Sector Perform</td>
<td>$40.00</td>
<td>$34.00</td>
</tr>
<tr>
<td>Mark Hughes</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$47.00</td>
<td>$37.00</td>
</tr>
<tr>
<td>Terry Ma</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$41.00</td>
<td>$40.00</td>
</tr>
<tr>
<td>Richard Shane</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Overweight</td>
<td>$40.00</td>
<td>$36.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li><strong>Action Taken:</strong> Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to NMI Holdings. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li><strong>Rating:</strong> Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of NMI Holdings compared to the broader market.</li>
<li><strong>Price Targets:</strong> Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.</li>
</ul>
<p>Capture valuable insights into NMI Holdings's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.</p>
<p><a href="https://www.benzinga.com/quote/NMIH/analyst-ratings?utm_source=Benzinga Insights"><strong>Stay up to date on NMI Holdings analyst ratings.</strong></a></p>
<h2>Delving into NMI Holdings's Background</h2>
<p>NMI Holdings Inc through its subsidiaries provides private mortgage guaranty insurance. The company offers mortgage insurance, reinsurance on loans, and outsourced loan review services to mortgage loan originators. It serves national and regional mortgage banks, money center banks, credit unions, community banks, builder-owned mortgage lenders, Internet-sourced lenders, and other non-bank lenders. It protects lenders and investors from default-related losses on a portion of the unpaid principal balance of a covered mortgage.</p>
<h3>NMI Holdings: Delving into Financials</h3>
<p><strong>Market Capitalization:</strong> Exceeding industry standards, the company's market capitalization places it above industry average in size relative to peers. This emphasizes its significant scale and robust market position.</p>
<p><strong>Revenue Growth:</strong> NMI Holdings's revenue growth over a period of 3 months has been noteworthy. As of 30 June, 2024, the company achieved a revenue growth rate of approximately <strong>13.62%</strong>. This indicates a substantial increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Financials sector.</p>
<p><strong>Net Margin:</strong> NMI Holdings's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of <strong>56.8%,</strong> the company showcases strong profitability and effective cost management.</p>
<p><strong>Return on Equity (ROE):</strong> NMI Holdings's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of <strong>4.58%,</strong> the company showcases efficient use of equity capital and strong financial health.</p>
<p><strong>Return on Assets (ROA):</strong> The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of <strong>3.02%,</strong> the company showcases effective utilization of assets.</p>
<p><strong>Debt Management:</strong> NMI Holdings's debt-to-equity ratio is below the industry average at <strong>0.2</strong>, reflecting a lower dependency on debt financing and a more conservative financial approach.</p>
<h2>Analyst Ratings: What Are They?</h2>
<p>Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. </p>
<p>Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.</p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


Key Takeaways From NMI Holdings Analyst Ratings

<p>RBC Capital  analyst Scott Heleniak   upgrades NMI Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NMIH#NASDAQ">NMIH</a>) from Sector Perform to Outperform and raises the price target from $40 to $48.</p>


Upgrades

RBC Capital Upgrades NMI Holdings to Outperform, Raises Price Target to $48

<p>Shares of <strong>RLI Corp.</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rli#NYSE">RLI</a>) closed at $151.38 on Friday, near its 52-week high of $155.59. This proximity underscores investor confidence. It has the ingredients for further price appreciation. Technical indicators for RLI show that the stock is trading above its 50-day and 200-day moving averages, signaling strong upward momentum.</p>
<p>Earnings of RLI grew 18.7% in the last five years, better than the industry average of 10.5%. RLI has a solid surprise history. It surpassed earnings estimates in each of the last four quarters, the average being 140.08%.</p>
<p>Shares of RLI have gained 13.7% in the year-to-date period compared with the industry&#39;s growth of 28.2%. The stock has outperformed the Zacks S&amp;P 500 composite&#39;s growth 13.3%.</p>
<h2>RLI YTD Price Performance</h2>
<p><img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/c4/76952.jpg?v=232627320" /></p>
<p>Image Source: Zacks Investment Research</p>
<h2>Positive Analyst Sentiment Instills Confidence in RLI</h2>
<p>Three of the four analysts covering the stock have raised estimates for 2024 and 2025 over the past 60 days. The Zacks Consensus Estimate for 2024 and 2025 increased 4.9% and 3.6%, respectively.</p>
<p>The consensus estimate for 2024 and 2025 earnings indicates an improvement of 24.2% and 2.6%, respectively. RLI has a Growth Score of B.</p>
<h2>RLI&#39;s Favorable Return on Capital</h2>
<p>Return on equity in the trailing 12 months was 18.3%, higher than the industry average of 7.9%. Return on equity, a profitability measure, reflects how effectively a company is utilizing its shareholders. Its return on invested capital has increased every year. This reflects RLI&#39;s efficiency in utilizing funds to generate income. ROIC in the trailing 12 months was 7.6%, higher than the industry average of 6%.</p>
<h2>Key Points to Note for RLI</h2>
<p>Product diversification across the Casualty, Property and Surety segments of the company has fueled the insurer&#39;s growth and financial success. The Casualty segment continues to gain from an expanded distribution base in personal umbrella and rate increases.</p>
<p>The commercial property business has been gaining from higher wind and earthquake exposure rates. Rate increases, improved retention and new opportunities in the inland marine space should benefit marine products.</p>
<p>The Surety segment continues to benefit from its compelling product portfolio, growth within existing accounts and writing of bonds with new customers.<br />
Building materials inflation and new accounts will aid commercial and contract surety businesses in the future. RLI boasts solid operating results and its financial position remained strong. Operating cash flows are likely to gain from higher premium receipts.</p>
<p>The insurer has a sound capital structure, helping it meet the interests of its policyholders, enhance operations in the insurance sector and aid growth in its book value for the long term.</p>
<h2>RLI&#39;s Impressive Dividend History</h2>
<p>RLI has been paying dividends for 187 consecutive quarters and increased regular dividends in each of the last 48 years at an eight-year (2016-2023) CAGR of 3.9%. In addition, the insurer has been paying special dividends since 2011. Over the past five years, the insurer has returned $819 million to shareholders. RLI has $87.5 million of remaining capacity from the repurchase program.</p>
<h2>RLI Shares Are Expensive</h2>
<p>The stock is overvalued compared with its industry. It is currently trading at a price-to-book ratio of 4.37, higher than the industry average of 1.61.</p>
<p>However, shares of other players from the same space, like <strong>Axis Capital Holdings Limited</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/axs#NYSE">AXS</a>), <strong>CNA Financial Corporation</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cna#NYSE">CNA</a>) and <strong>NMI Holdings Inc</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nmih#NASDAQ">NMIH</a>), are trading at a discount to the industry average.</p>
<h2>Conclusion</h2>
<p>A strong product portfolio, rate increases, improved retention, higher premium receipts and sufficient liquidity and effective capital deployment should continue to favor RLI over the long term. Coupled with favorable growth estimates and ROE, the time appears right for potential investors to bet on this Zacks Rank #2 (Buy) insurer.</p>
<p><a href="https://www.zacks.com/stock/news/2333502/rli-stock-near-52-week-high-what-investors-should-know?cid=CS-BENZ-FT-analyst_blog|rank_focused-2333502">To read this article on Zacks.com click here.</a></p>


Earnings

Large Cap

Mid Cap

Dividends

Technicals

Small Cap

RLI Stock Near 52-Week High: What Investors Should Know?

<p>The Zacks Property and Casualty Insurance industry has performed well so far this year, banking on better pricing, increased exposure, prudent underwriting, streamlined operations, global presence and a solid capital position. The industry has gained 32.1% year to date, outperforming the Finance sector&#39;s rise of 15.1% and the Zacks S&amp;P 500 composite&#39;s increase of 18.4%. The group&#39;s Zacks Industry Rank places it in the top 10% of more than 250 Zacks industries and earnings estimates for the current year have increased 12.4% year over year.</p>
<p>However, after seven years of increase, the industry has been witnessing flat pricing. Also, the prospect of an interest rate cut by the Fed this month adds pressure.</p>
<p>Despite the challenges, <strong>Heritage Insurance Holdings, Inc</strong>. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hrtg#NYSE">HRTG</a>), <strong>Arch Capital Group Ltd</strong>. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/acgl#NASDAQ">ACGL</a>), <strong>AXIS Capital Holdings Limited </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/axs#NYSE">AXS</a>) and <strong>NMI Holdings, Inc. </strong>(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nmih#NASDAQ">NMIH</a>) are poised to do well and are strong contenders for addition to one&#39;s portfolio for better returns. These insurers have outperformed the industry year to date and are poised to retain the rally given their solid prospects.</p>
<h3>Industry Outperformers</h3>
<p><img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/37/76406.jpg?v=1700416073" /></p>
<p>Image Source: Zacks Investment Research</p>
<h2>Flat Pricing in Q2</h2>
<p>After 26 straight quarters of year-over-year rise, pricing stayed flat in the second quarter of 2024. Per Marsh&#39;s Global Insurance Market Index, pricing declined 1% sequentially. Per Marsh, the continued moderation of rates was largely due to increasing competition among insurers in the global property market, as published in Insurance Journal.</p>
<p>Per Marsh, region-wise, &quot;on average, Q2 rates decreased by 5% in Canada and the Pacific, and by 3% in the UK and in Asia regions. Rates increased in the US and Europe by 1%, and by 4% in the Latin America and the Caribbean and India, Middle East, and Africa (IMEA) regions.&quot;</p>
<p>Business line wise, property insurance rates globally were flat, casualty lines rates increased 3% globally, while global financial and professional lines (FinPro) rates decreased 5% globally for the eighth consecutive quarter. Cyber insurance rates decreased 6% globally.</p>
<p>Pricing, a crucial underwriting action, plays an important part in driving premiums and addressing claims payment prudently, thus benefiting underwriting profitability.</p>
<p>Per Deloitte Insights, gross premiums are estimated to increase sixfold to $722 billion by 2030. China and North America should account for more than two-thirds of the global market, per the report. Analysts at Swiss Re Institute predict premiums to grow 7% in 2024 and 4.5% in 2025.</p>
<h2>Interest Rate Cut in the Cards?</h2>
<p>After 11 rate hikes since March 2022, a rate cut in September FOMC seems inevitable as inflation approaches the target of 2% and on stable employment and improved retail sales data.</p>
<p>The current interest rate of 5.25%-5.5% marks the highest level in more than two decades.</p>
<p>Fed Chairman Jerome Powell at Jackson Hole stated, &quot;The time has come for policy to adjust. The direction of travel is clear, and the timing and pace of rate cuts will depend on incoming data, the evolving outlook, and the balance of risks.&quot;</p>
<p>Rates were last raised by 25 basis points in July 2023.</p>
<p>Per a report published in The Guardian, based on trading in financial markets, investors see about a 76% chance of a 25-basis point cut in interest rates in September.</p>
<p>Insurers are direct beneficiaries of a rising rate environment. They invest a portion of their premiums. Long-tail insurers tend to gain more from rising rates as they have more time to invest their premiums and earn a higher rate of return.</p>
<p>As far as commercial insurers are concerned, low interest rates can make it difficult for them to maintain adequate reserves for long-tail liabilities. This can lead to increased volatility in claims reserve.</p>
<h2>Stocks to Bet On</h2>
<p>With the help of the Zacks Stock Screener, we have selected five P&amp;C insurers that have an impressive Value Score of A or B. Each of these stocks either carries a Zacks Rank #1 (Strong Buy) or a Zacks Rank #2 (Buy). Back-tested results have shown that stocks with a solid Value Score and a favorable Zacks Rank are the most attractive and their returns are better.</p>
<p><strong>Heritage Insurance</strong>: Tampa, FL-based HRTG provides personal and commercial residential insurance products. Its focus on rate adequacy, selective underwriting and profit-oriented underwriting criteria while restricting new business in over-concentrated markets or products poises it well for growth. This Zacks Rank #1 insurer has strategically diversified its portfolio to achieve better risk distribution, claims trends and lower reinsurance costs.</p>
<p>The Zacks Consensus Estimate for HRTG&#39;s 2024 and 2025 earnings suggests 10.3% and 18.1% year-over-year growth, respectively. The consensus estimate for 2024 and 2025 has moved up 33.1% and 26.7%, respectively, in the past 30 days.</p>
<p>The stock currently has a P/B ratio of 1.94. It has a Value Score of A.</p>
<p><strong>Arch Capital Group</strong>: Pembroke, Bermuda-based Arch Capital is a leading specialty P&amp;C and mortgage insurer and is poised to gain from new business opportunities, rate improvement, growth in existing accounts and a solid capital position. Widespread operations coupled with a compelling product portfolio provide meaningful diversification and earnings stability to this Zacks Rank #2 insurer. Its international expansion strengthens operational capabilities while diversifying business at attractive risk-adjusted returns.</p>
<p>The Zacks Consensus Estimate for ACGL&#39;s 2024 and 2025 earnings suggests 6.6% and 2.5% year-over-year growth, respectively. The consensus estimate for 2024 and 2025 earnings has moved 1.3% and 0.4% north in the past 30 days. The expected long-term earnings growth rate is 6.1%.</p>
<p>The stock currently has a P/B ratio of 2.14. It has a Value Score of B.</p>
<p><strong>Axis Capital Holdings</strong>: Bermuda-based Axis Capital focuses on growth areas, including wholesale insurance and lower middle markets, deploying resources prudently while enhancing efficiencies and improving its portfolio mix and underwriting profitability. AXIS Capital is also working with its distribution partners to use expanding digital capabilities to create new business growth in desirable smaller accounts. AXS, aiming for leadership in specialty risks, has an impressive dividend history. It has hiked dividends for 18 straight years and boasts one of the highest dividend yields among its peers. It sports a Zacks Rank #1.</p>
<p>The Zacks Consensus Estimate for AXS&#39; 2024 and 2025 earnings suggests 8.6% and 8.4% year-over-year growth, respectively. The consensus estimate for 2024 and 2025 has moved up 1.7% and 1.8%, respectively, in the past 30 days. The expected long-term earnings growth rate is pegged at 27.8%, better than the industry average of 11%.</p>
<p>The stock currently has a P/B ratio of 1.32. It has a Value Score of A.</p>
<p><strong>NMI Holdings</strong>: Headquartered in Emeryville, CA, NMIH provides private mortgage insurance through its wholly-owned insurance subsidiaries in the United States. Improving mortgage insurance portfolio, higher new insurance written volume, a comprehensive reinsurance program and a solid capital position poise the insurer well for growth. The expected long-term earnings growth rate is pegged at 9.8%. This Zacks Rank #2 insurer generates solid mid-teens shareholders&#39; returns.</p>
<p>The Zacks Consensus Estimate for NMIH&#39;s 2024 and 2025 earnings suggests 8.6% and 8.4% year-over-year growth, respectively. The consensus estimate for 2024 and 2025 has moved up 1.4% and 1.1%, respectively, in the past 30 days. The expected long-term earnings growth rate is pegged at 9.8%.</p>
<p>The stock currently has a P/B ratio of 1.6. It has a Value Score of B.</p>
<p><a href="https://www.zacks.com/stock/news/2330991/4-p-c-insurance-stocks-to-buy-amid-flat-pricing-rate-cut-bets?cid=CS-BENZ-FT-analyst_blog|investment_ideas-2330991">To read this article on Zacks.com click here.</a></p>


Retail Sales

Federal Reserve

ACGL

HRTG

4 P&C Insurance Stocks to Buy Amid Flat Pricing, Rate Cut Bets

<p>The Zacks Insurance industry is undervalued than the Zacks S&amp;P 500 composite and the Zacks Finance sector. The insurance industry&#39;s price-to-book (the best multiple for valuing insurers because of their unpredictable financial results) of 1.57 was less than the Zacks S&amp;P 500 composite&#39;s P/B of 8.57 and the sector&#39;s P/B of 3.65. Such below-market positioning hints at room for an upside in the days ahead.</p>
<p><img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/ea/75359.jpg?v=70695623" /></p>
<p>Image Source: Zacks Investment Research</p>
<p><img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/21/75358.jpg?v=45396998" /></p>
<p>Image Source: Zacks Investment Research</p>
<p>Thus, before their valuation increases, locating some undervalued stocks with growth potential is wise.</p>
<h2>Driving Forces</h2>
<p>Global commercial insurance rates remained unchanged in the second quarter of 2024, per the Marsh Global Insurance Market Index. Price hikes, operational strength, higher retention, strong renewal and the appointment of retail agents should help write higher premiums. Per Deloitte Insights, gross premiums are estimated to increase sixfold to $722 billion by 2030.</p>
<p>Analysts at Swiss Re Institute predict premium volume to reach $4.6 trillion in 2024 and $4.8 trillion in 2025. Per the Swiss Re Institute, property and casualty insurers are anticipated to enhance profitability in 2024, with industry-wide return on equity (ROE) at 10% so far in 2024. For 2025, the Swiss Re Institute estimates an ROE of more than 10%.</p>
<p>According to Verisk&#39;s Extreme Event Solutions group estimates, U.S. onshore wind property losses from Beryl were within the $2-$3 billion range. Per Allstate, estimated catastrophe losses were $587 million for July alone from 20 events.</p>
<p>Multiline insurers benefit from a diversified portfolio that lowers concentration risk. While higher demand for protection products benefits sales and premiums of life insurance operations, better pricing and increased exposure to intangibles and cyber threats support premium growth of non-life insurance operations. Per the 2024 global insurance outlook published in Financial Services, U.S. demand for catastrophe reinsurance is expected to grow, putting upward pressure on prices.</p>
<p>The insurance industry is rate-sensitive. An improving rate environment is a boon for insurers, especially long-tail insurers. The Fed held interest rates unchanged at 5.25-5.5% at the December FOMC meeting. With a large invested asset base, investment income should remain healthy, even if the Fed cuts rates later this year. Also, the insurance players are investing heavily in technology to improve scale and efficiency. This should help them generate higher margins and improve profitability.</p>
<h2>Price Performance</h2>
<p>The insurance industry has outperformed the Zacks S&amp;P 500 composite as well as the Finance sector in the past year. The insurance industry has gained 31.6%, compared with the Zacks S&amp;P 500 composite and the sector&#39;s increase of 27.8% and 27.1%, respectively.</p>
<p><img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/97/75360.jpg?v=1273277392" /></p>
<p>Image Source: Zacks Investment Research</p>
<p>Better pricing, prudent underwriting and increased exposure should help insurers retain the momentum and remain well-poised for the longer term.</p>
<h2>Picking the Value Stocks</h2>
<p>With the help of the Zacks Stock Screener, we have selected four insurance stocks with an impressive Value Score of A or B and a Zacks Rank #1 (Strong Buy) or #2 (Buy). Back-tested results have shown that stocks with a favorable Value Score and a solid Zacks Rank are the best investment options.</p>
<p>These stocks with growth potential have witnessed positive estimate revisions, reflecting analysts&#39; confidence in their operational efficiency and a cheaper valuation.</p>
<p><strong>Axis Capital Holdings Limited</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/axs#NYSE">AXS</a>) provides various specialty insurance and reinsurance products worldwide. AXIS Capital continues to build on its Specialty Insurance, Reinsurance, and Accident and Health to pave the way for long-term growth. Apart from fortifying the casualty and professional lines in the insurance segment, its focus on deploying resources prudently while enhancing efficiencies and improving its portfolio mix and underwriting profitability bodes well. The expected long-term earnings growth rate is 27.8%.<br />
This insurer surpassed earnings estimates in each of the last four quarters, the average beat being 94.62%. AXS currently sports a Zacks Rank #1. AXS has a Value Score of A.</p>
<p>The company&#39;s return on equity in the trailing 12 months was 19.7%. AXS also has an impressive VGM Score of A.</p>
<p>Axis Capital&#39;s P/B ratio is 1.26. The Zacks Consensus Estimate for 2024 earnings has moved north 6.8% in the past 30 days, and the estimate indicates a year-over-year increase of 8.6%. AXS shares have gained 40.4% in the past year.</p>
<p><strong>NMI Holdings Inc</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nmih#NASDAQ">NMIH</a>) provides private mortgage insurance through its wholly-owned insurance subsidiaries in the United States. Improving mortgage insurance portfolio, higher new insurance written volume, a comprehensive reinsurance program, a solid capital position and effective capital deployment poise the insurer well for growth. The expected long-term earnings growth rate is pegged at 9.8%.</p>
<p>The stock currently has a P/B ratio of 1.55. The Zacks Consensus Estimate for 2024 earnings has moved north by 1.1% in the past seven days, and the estimate indicates a year-over-year increase of 16.9%. Its shares have gained 39.8% in the past year. It has a Zacks Rank of 2 and a Value Score of B.</p>
<p>The insurer&#39;s return on equity in the trailing 12 months was 18.2% and it surpassed earnings estimates in each of the last four quarters, the average beat being 10.15%.</p>
<p><strong>MGIC Investment Corporation</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mtg#NYSE">MTG</a>) is the largest private mortgage insurer in the United States. Higher insurance in force, resulting from an increase in new business written, higher annual persistency, a decline in loss and claims payments, lower delinquency, better housing market fundamentals and prudent capital deployment, bode well for growth. The expected long-term earnings growth rate is pegged at 6.8%.</p>
<p>The stock currently has a P/B ratio of 1.26. The Zacks Consensus Estimate for 2024 earnings has moved north by 2.2% in the past seven days, and the estimate for earnings per share indicates a year-over-year increase of 9.1%. Its shares have gained 43% in the past year. It has a Zacks Rank of 1 and a Value Score of B. The insurer&#39;s return on equity in the trailing 12 months was 14.9% and it surpassed earnings estimates in each of the last four quarters, the average beat being 15.59%.</p>
<p><strong>Old Republic International Corporation </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ori#NYSE">ORI</a>) specializes in insurance underwriting and related services, operating primarily in the United States and Canada. ORI&#39;s solid market presence, niche focus, low property catastrophe exposure in its General Insurance segment and robust capital position bodes well for growth. ORI continues to strengthen its balance sheet by improving its cash balance while lowering its leverage ratio. Earnings have grown 10.3% in the past five years, better than the industry average of 9%.</p>
<p>The stock currently has a P/B ratio of 1.51. The Zacks Consensus Estimate for 2024 earnings has moved north by 4.4% in the past 30 days, and the estimate indicates a year-over-year increase of 7.6%. Its shares have gained 29.4% in the past year. It has a Zacks Rank of 2 and a Value Score of B. The insurer&#39;s return on equity in the trailing 12 months was 12.5% and it surpassed earnings estimates in three of the last four quarters and missed in one, the average beat being 9.06%.</p>
<p><a href="https://www.zacks.com/stock/news/2327035/4-low-price-to-book-stocks-from-the-undervalued-insurance-industry?cid=CS-BENZ-FT-analyst_blog|industry_focus-2327035">To read this article on Zacks.com click here.</a></p>


4 Low Price-to-Book Stocks From the Undervalued Insurance Industry

<p>As previously disclosed, at&nbsp;June 30, 2024, National MI had PMIERs total available assets of&nbsp;$2,828&nbsp;million, compared to risk-based required assets of&nbsp;$1,652&nbsp;million, with&nbsp;$1,176&nbsp;million&nbsp;of excess funding capacity.&nbsp; Under the revised PMIERs framework the company estimates that its total available assets would have been&nbsp;$2,800&nbsp;million&nbsp;and its risk-based required assets would have been&nbsp;$1,656&nbsp;million&nbsp;as of&nbsp;June 30, 2024, with pro forma excess funding capacity of&nbsp;$1,144&nbsp;million.</p>
<p>The GSEs and FHFA have indicated that the revised PMIERs framework will take effect on&nbsp;a phased basis beginning March 31, 2025 and will be fully implemented on September 30, 2026. National MI expects to remain in full compliance with the existing and revised PMIERs, as applicable, prior to and after&nbsp;March 31, 2025.</p>


Reported Earlier, NMI Holdings Provides Capital Update Under Revised PMIERs, Confirms $1.14B Excess Funding

<p>Shares of <strong>NMI Holdings </strong>(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nmih#NASDAQ">NMIH</a>) have rallied 28.9% year to date, outperforming the industry&#39;s increase of 24.6%, the Finance sector&#39;s increase of 11.6% and the S&amp;P 500 composite&#39;s rise of 17.5%.</p>
<p>An improving mortgage insurance portfolio, higher new insurance written volume, a comprehensive reinsurance program, its solid capital position and effective capital deployment drive this Zacks Rank #2 (Buy) stock.</p>
<p>This mortgage insurer has a decent history of delivering surprises in the last six quarters.</p>
<p>NMIH&#39;s return on equity (ROE) for the trailing 12 months is 18.3%, better than the industry average of 8%. This reflects efficiency in utilizing its shareholders&#39; funds. It targets 13% ROE over the medium term.</p>
<p>Also, the return on invested capital in the trailing 12 months was 14.8%, better than the industry average of 6.1%, which reflected the insurer&#39;s efficiency in utilizing funds to generate income.</p>
<p>The Zacks Consensus Estimate for NMI Holdings&#39; 2024 and 2025 earnings has moved 4.7% and 2.6% north, respectively, in the past 30 days, reflecting analyst optimism.</p>
<p><img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/52/74926.jpg?v=778876063" /></p>
<p>Image Source: Zacks Investment Research</p>
<h3>Can NMIH Retain the Momentum?</h3>
<p>Per the Federal Reserve, the U.S. residential mortgage market is one of the largest in the world, with nearly $13 trillion of mortgage debt outstanding as of Dec 31, 2023, and includes both primary and secondary components. NMIH stands to gain from new business opportunities from a growing mortgage insurance market.&nbsp;NMI Holdings&#39; mortgage insurance portfolio is expected to create a strong foundation for future earnings.</p>
<p>Growth in monthly and single premium policy production is tied to the increased penetration of existing customer accounts. New customer account activation will also drive results.</p>
<p>In order to enhance its return profile, absorb losses, provide efficient growth capital and mitigate the impact of credit volatility, NMIH has a comprehensive reinsurance program for its in-force portfolio.</p>
<p>To drive margin expansion, NMIH remains focused on efficiency and expense management.</p>
<p>NMIH engages in share buybacks and has a $124.9 million share repurchase program under its kitty.</p>
<p>All these together should help the insurer continue to generate solid mid-teens shareholders&#39; returns.</p>
<p>The Zacks Consensus Estimate for NMI Holdings&#39; 2024 earnings is pegged at $4.44, which indicates a 15.6% increase from the year-ago reported figure on 11.8% higher revenues of $647.1 million. The consensus estimate for 2025 earnings per share is pegged at $4.69, which implies a 5.6% increase year over year on 6.5% higher revenues of $689 million.</p>
<p>The expected long-term growth rate is pegged at 9.8%. Notably, earnings grew 18.7% in the past five years, better than the industry average of 10.5%. NMI Holdings&#39; superior primary insurance in-force portfolio generates industry-leading growth. &nbsp;</p>
<h3>Attractive Valuation</h3>
<p>NMIH&#39;s shares are trading at a price-to-book multiple of 1.49, lower than the industry average of 1.56. Before valuation expands, it is wise to take a position in the stock.</p>
<p>This insurer has a Value Score of B, reflecting an attractive valuation.&nbsp; Back-tested results have shown that stocks with a Value Score of A or B combined with a Zacks Rank #1 (Strong Buy) or #2 offer superior returns.</p>
<h3>Other Stocks to Consider</h3>
<p>Some other top-ranked stocks from the insurance industry are <strong>Heritage Insurance </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hrtg#NYSE">HRTG</a>), <strong>Axis Capital Holdings </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/axs#NYSE">AXS</a>) and <strong>ProAssurance Corporation </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pra#NYSE">PRA</a>), each sporting a Zacks Rank #1 (Strong Buy).</p>
<p>Heritage Insurance earnings surpassed estimates in three of the last four quarters and missed in one, the average beat being 49.15%. Year to date, HRTG has rallied 132.4%.</p>
<p>The Zacks Consensus Estimate for HRTG&#39;s 2024 and 2025 earnings implies 10.3% and 18.1% year-over-year growth, respectively.</p>
<p>Axis Capital earnings surpassed estimates in each of the last four quarters, the average earnings surprise being 94.62%. Year to date, AXS&#39; stock has surged 35.1%.</p>
<p>The Zacks Consensus Estimate for AXS&#39; 2024 and 2025 earnings indicates 8.3% year-over-year growth each.</p>
<p>ProAssurance earnings surpassed estimates in two of the last four quarters and missed in the other two. Year to date, PRA&#39;s stock has lost 2.6%.</p>
<p>The Zacks Consensus Estimate for PRA&#39;s 2024 and 2025 earnings suggests 457.1% and 49.2% year-over-year growth, respectively.</p>
<p><a href="https://www.zacks.com/stock/news/2325241/nmi-holdings-nmih-surges-29-ytd-will-the-rally-last?cid=CS-BENZ-FT-analyst_blog|price_surge_/_plunge-2325241">To read this article on Zacks.com click here.</a></p>


Earnings Beats

Buybacks

NMI Holdings Surges 29% YTD: Will the Rally Last?

<p><strong>Cincinnati Financial Corporation</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cinf#NASDAQ">CINF</a>) has been gaining momentum on the back of higher level of insured exposure, rate increase, agent-focused business model, consistent cash flow and a solid capital position.</p>
<h3>Growth Projections</h3>
<p>The Zacks Consensus Estimate for Cincinnati Financial&#39;s 2024 earnings per share indicates an increase of 9.1% from the year-ago reported number. The consensus estimate for revenues is pegged at $9.85 billion, implying a year-over-year improvement of 10.8%.</p>
<p>The consensus estimate for 2025 earnings per share and revenues indicates an increase of 7.1% and 10%, respectively, from the corresponding 2024 estimates.</p>
<h3>Northbound Estimate Revision</h3>
<p>The Zacks Consensus Estimate for 2024 and 2025 earnings has moved 5.6% and 0.8% north, respectively, in the past 30 days, reflecting analysts&#39; optimism.</p>
<h3>Earnings Surprise History</h3>
<p>Cincinnati Financial has a solid earnings surprise history. It beat estimates in each of the last four quarters, the average being 27%.</p>
<h3>Zacks Rank &amp; Price Performance</h3>
<p>Cincinnati Financial currently carries a Zacks Rank #3 (Hold). Year to date, the stock has gained 26.7% compared with the industry&#39;s growth of 23.7%.</p>
<p><img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/b6/74566.jpg?v=1443931473" /></p>
<p>Image Source: Zacks Investment Research</p>
<h3>Style Score</h3>
<p>CINF has a VGM Score of B. The VGM Score helps identify stocks with the most attractive value, best growth and the most promising momentum.</p>
<h3>Business Tailwinds</h3>
<p>Prudent pricing, an agent-centric model, a higher level of insured exposures and disciplined expansion of Cincinnati Re should benefit premiums, the primary driver of an insurer&#39;s top line. We expect 2026 net earned premiums to witness a three-year CAGR of 8.5%. CINF boasts above-average industry premium growth.</p>
<p>The Excess and Surplus line has been performing well since its inception in 2008. This segment should continue to benefit from new business written, higher renewal written premiums and higher average renewal estimated pricing. Technology and data are also being used to identify new exposures in emerging businesses.</p>
<p>Improving interest income from fixed-maturity securities and a decrease in equity portfolio dividends in an improved rate environment should drive net investment income.</p>
<p>Notably, its free cash flow conversion has remained more than 150% over the last many quarters, reflecting its solid earnings.</p>
<p>Banking on operational efficiency that ensures continuous cash flows, this insurer boasts increasing dividends for 64 straight years. Its dividend yield of 2.4% is better than the industry average of 0.2%, making the stock an attractive pick for yield-seeking investors. Given the board&#39;s positive outlook and confidence in outstanding capital, liquidity and financial flexibility, we expect the momentum to continue.</p>
<p>Being a property and casualty insurer, CINF is exposed to catastrophe losses, inducing volatility in its underwriting profitability. Nonetheless, banking on prudent underwriting, CINF&#39;s solid track record of 34 years of favorable reserve development is appreciable.</p>
<p>CINF has been witnessing an increase in expenses over the past many years due to a rise in insurance loss and policyholder benefits as well as underwriting, acquisition and insurance expenses, resulting in margin contraction.</p>
<h3>Stocks to Consider</h3>
<p>Some better-ranked stocks from the property and casualty insurance industry are <strong>NMI Holdings Inc </strong>(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nmih#NASDAQ">NMIH</a>), <strong>W.R. Berkley Corporation </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wrb#NYSE">WRB</a>) and <strong>Arch Capital Group Ltd. </strong>(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/acgl#NASDAQ">ACGL</a>), each carrying a Zacks Rank #2 (Buy) at present.</p>
<p>NMI Holdings&#39; earnings surpassed estimates in each of the last four quarters, the average surprise being 10.15%. Shares of NMIH have jumped 28.9% year to date. The Zacks Consensus Estimate for NMIH&#39;s 2024 and 2025 earnings implies year-over-year growth of 15.6% and 5.5%, respectively.</p>
<p>W.R. Berkley&#39;s earnings surpassed estimates in each of the last four quarters, the average surprise being 11.43%. Shares of WRB have skyrocketed 22.1% year to date. The Zacks Consensus Estimate for WRB&#39;s 2024 and 2025 earnings implies year-over-year growth of 22.8% and 5.6%, respectively.</p>
<p>Arch Capital&#39;s earnings surpassed estimates in each of the last four quarters, the average surprise being 28.93%. Shares of ACGL have jumped 38.1% year to date. The Zacks Consensus Estimate for ACGL&#39;s 2024 and 2025 earnings implies year-over-year growth of 6.5% and 2.5%, respectively.</p>
<p><a href="https://www.zacks.com/stock/news/2323877/here-s-why-hold-strategy-is-apt-for-cincinnati-financial-cinf?cid=CS-BENZ-FT-analyst_blog|rank_focused-2323877">To read this article on Zacks.com click here.</a></p>


CINF

Here's Why Hold Strategy is Apt for Cincinnati Financial

<p><strong>Unum Group</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/unm#NYSE">UNM</a>) has been favored by investors on the back of favorable sales trends and risk experience, strong persistency, an improving rate environment and a solid capital position.</p>
<h3>Optimistic Growth Projections</h3>
<p>The Zacks Consensus Estimate for Unum Group&#39;s 2024 earnings per share indicates an increase of 9.2% from the year-ago reported number. The consensus estimate for revenues is pegged at $12.96 billion, implying a year-over-year improvement of 4.3%.</p>
<p>The consensus estimate for 2025 earnings per share and revenues indicates an increase of 5.7% and 3.7%, respectively, from the corresponding 2024 estimates.</p>
<p>Earnings have grown 9% in the past five years, better than the industry average of 3.8%.</p>
<h3>Earnings Surprise History</h3>
<p>Unum Group has a decent earnings surprise history. It beat estimates in three of the last four quarters and missed in one, the average beat being 2.96%.</p>
<h3>Estimate Revision</h3>
<p>The Zacks Consensus Estimate for 2024 and 2025 earnings has moved 1.4% and 1.6% north, respectively, in the past 30 days. This should instill investors&#39; confidence in the stock.</p>
<h3>Zacks Rank &amp; Price Performance</h3>
<p>UNM currently carries a Zacks Rank #3 (Hold). Year to date, the stock has gained 17.4% compared with the industry&#39;s growth of 18.6%.</p>
<p><img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/61/73842.jpg?v=2059741613" /><br />
Image Source: Zacks Investment Research</p>
<h3>Style Score</h3>
<p>UNM has a favorable VGM Score of B. VGM Score helps identify stocks with the most attractive value, best growth and most promising momentum.</p>
<h3>Return on Equity (ROE)</h3>
<p>In the second quarter of 2024, Unum Group&#39;s trailing 12-month ROE expanded 30 basis points year over year to 15.6%. ROE reflects the insurer&#39;s efficiency in using shareholders&#39; funds. Also, the insurer&#39;s return on invested capital has been increasing over the last few quarters, reflecting its efficiency in utilizing funds to generate income. ROIC in the trailing 12 months was 9.2%, better than the industry average of 7.9%.</p>
<h3>Business Tailwinds</h3>
<p>Premiums, the primary component of Unum&#39;s top line, continue to gain from its healthy in-force block growth and higher sales. Unum Group expects sales growth in the range of 7-10% and premium growth in the band of 5-7% in 2024. For the long term, it expects sales growth in the range of 8-12% and premium growth in the range of 4-7%.</p>
<p>UNM is poised to grow on the operational excellence of Unum U.S. and Colonial Life. Encouraging sales trends, strong persistency in group lines and growth of new product lines like dental and vision, coupled with favorable risk results, should benefit Unum U.S. and Colonial Life, the two largest operating segments.</p>
<p>Management estimates sales growth of 5-10% and premium growth of 5-7% in 2024 at Unum U.S. It expects sales growth in the range of 8-12% and premium growth in the band of 2-4% at Colonial Life for 2024.</p>
<p>UNM enjoys a solid capital position and substantial statutory earnings and capital, leading to financial flexibility.</p>
<p>In its concerted effort to distribute wealth to shareholders, UNM has hiked dividends 13 times in the last 12 years. Its recent 15% dividend hike takes the dividend payout ratio to around 20%.</p>
<p>Also, UNM expects to repurchase $500 million worth of shares in 2024. The insurer expects to hike dividends by 10-15% per year over the next five-year period. Unum Group banks on consistent cash flow for such capital payouts.</p>
<h3>Stocks to Consider</h3>
<p>Some better-ranked stocks from the insurance industry are <strong>NMI Holdings Inc </strong>(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nmih#NASDAQ">NMIH</a>), <strong>Root, Inc.</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/root#NASDAQ">ROOT</a>) and <strong>The Progressive Corporation</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pgr#NYSE">PGR</a>), each carrying a Zacks Rank #2 (Buy) at present.</p>
<p>NMI Holdings&#39; earnings surpassed estimates in each of the last four quarters, the average surprise being 10.15%. Year to date, shares of NMIH have jumped 25.4%. The Zacks Consensus Estimate for NMIH&#39;s 2024 and 2025 earnings implies year-over-year growth of 15.6% and 5.5%, respectively.</p>
<p>Root&#39;s earnings surpassed estimates in each of the last four quarters, the average surprise being 47.87%. Year to date, shares of ROOT have jumped 310.2%. The Zacks Consensus Estimate for ROOT&#39;s 2024 and 2025 earnings implies year-over-year growth of 60.6% and 37.5%, respectively.</p>
<p>The Progressive&#39;s earnings surpassed estimates in each of the last four quarters, the average surprise being 24.08%. Year to date, shares of PGR have jumped 37.1%. The Zacks Consensus Estimate for PGR&#39;s 2024 and 2025 earnings implies year-over-year growth of 96.7% and 5.3%, respectively.</p>
<p><a href="https://www.zacks.com/stock/news/2320170/reasons-why-investors-should-retain-unum-group-unm-now?cid=CS-BENZ-FT-analyst_blog|rank_focused-2320170">To read this article on Zacks.com click here.</a></p>


ROOT

Reasons Why Investors Should Retain Unum Group Now

<p>Keefe, Bruyette &amp; Woods  analyst Bose George   maintains NMI Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NMIH#NASDAQ">NMIH</a>) with a Market Perform and raises the price target from $37 to $40.</p>


Keefe, Bruyette & Woods Maintains Market Perform on NMI Holdings, Raises Price Target to $40

<p><strong>NMI Holdings </strong>(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nmih#NASDAQ">NMIH</a>) reported second-quarter 2024 operating net income per share of $1.20, which beat the Zacks Consensus Estimate by 15.4%. The bottom line increased 26.3% year over year. The quarterly results reflected higher premiums and net investment income, and increased persistency, which drove growth in the company&#39;s high-quality insured portfolio.</p>
<h3>Operational Update</h3>
<p>NMI Holdings&#39; total operating revenues of $162 million increased 13.3% year over year on higher net premiums earned (up 12%) and net investment income (up 25%). Revenues beat the Zacks Consensus Estimate by 2.1%.</p>
<p>Primary insurance in force increased 6.4% to $203.5 billion. Annual persistency was 85.4%, down 60 basis points (bps) year over year. New insurance written was $12.5 billion, up 9% year over year.</p>
<div class="chart_embed">
<h3>NMI Holdings Inc Price, Consensus and EPS Surprise</h3>
<p><img alt="NMI Holdings Inc Price, Consensus and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/99/1722441175.png" style="height:265px; width:574px" title="" /></p>
<p><span style="font-size:13px">NMI Holdings Inc price-consensus-eps-surprise-chart</span><span style="font-size:13px"> | NMI Holdings Inc Quote</span></p>
<p>Underwriting and operating expenses totaled $28.3 million, up 3.2% year over year. Insurance claims and claim expenses were $0.3 million, reflecting a drop of 90.4% year over year. The loss ratio was 0.2, which improved 210 bps year over year.</p>
<p>The adjusted expense ratio of 20.1 improved 160 bps year over year, while the adjusted combined ratio of 20.3 improved 80 bps year over year.</p>
</div>
<h3>Financial Update</h3>
<p>Book value per share, a measure of net worth, was up 17% year over year to $27.54 as of Jun 30, 2024.</p>
<p>NMI Holdings had $62.6 million in cash and cash equivalents, which decreased 35.2% from 2023 end. The debt balance of $414.2 million increased 4.2% from the end of 2023.</p>
<p>The annualized adjusted return on equity was 18.3%, which contracted 30 bps year over year.</p>
<p>Total PMIERs available assets were $2.8 billion. Net risk-based required assets totaled $1.7 billion at the end of second-quarter 2024.</p>
<h3>Zacks Rank</h3>
<p>NMIH currently carries a Zacks Rank #3 (Hold).</p>
<h3>Performance of Other Insurers</h3>
<p><strong>The Travelers Companies </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/trv#NYSE">TRV</a>) reported second-quarter 2024 core income of $2.51 per share, which beat the Zacks Consensus Estimate by 25.5%.&nbsp; The bottom line skyrocketed from 6 cents earned in the year-ago quarter, driven by solid underlying results, net favorable prior year reserve development and higher net investment income, partially offset by higher catastrophe losses. Travelers&#39; total revenues increased 12.4% from the year-ago quarter to $11.3 billion, primarily driven by higher premiums. The top-line figure, however, missed the Zacks Consensus Estimate by 1%.</p>
<p><strong>The Progressive Corporation</strong>&#39;s (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pgr#NYSE">PGR</a>) second-quarter 2024 earnings per share of $2.65 beat the Zacks Consensus Estimate of $1.99. The bottom line improved more than five times year over year. Operating revenues of $18.3 billion beat the Zacks Consensus Estimate by 1.4% and increased 18.9% year over year.</p>
<p>Progressive&#39;s net premiums earned grew 19% to $17.2 billion and beat our estimate of $16.7 billion. Combined ratio improved 850 bps from the prior-year quarter&#39;s level to 91.9.</p>
<p><strong>Selective Insurance Group, Inc. </strong>(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sigi#NASDAQ">SIGI</a>) reported second-quarter 2024 operating loss of $1.10 per share against the Zacks Consensus Estimate of earnings of $1.56. The company had reported an operating income of 99 cents per share in the prior year quarter. The quarterly results reflected poor underwriting performance, unfavorable prior-year casualty reserve development and escalating costs, offset by higher premiums and net investment income.</p>
<p>Selective Insurance&#39;s total revenues of $1.2 billion increased 15% from the year-ago quarter&#39;s figure, primarily due to higher premiums earned, net investment income and net premiums written. The top line missed the Zacks Consensus Estimate by 1.3%.</p>
<p><a href="https://www.zacks.com/stock/news/2313392/nmi-holdings-nmih-q2-earnings-and-revenues-beat-estimates?cid=CS-BENZ-FT-analyst_blog|earnings_article-2313392">To read this article on Zacks.com click here.</a></p>


SIGI

NMI Holdings Q2 Earnings and Revenues Beat Estimates

<p>Barclays  analyst Terry Ma   maintains NMI Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NMIH#NASDAQ">NMIH</a>) with a Overweight and raises the price target from $41 to $43.</p>


Barclays Maintains Overweight on NMI Holdings, Raises Price Target to $43

<p>JP Morgan  analyst Richard Shane   maintains NMI Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NMIH#NASDAQ">NMIH</a>) with a Overweight and raises the price target from $40 to $42.</p>


JP Morgan Maintains Overweight on NMI Holdings, Raises Price Target to $42

<p>NMI Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NMIH#NASDAQ">NMIH</a>) underwent analysis by 6 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish.</p>
<p>The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.</p>
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;"><strong>Bullish</strong></th>
<th style="text-align: right;"><strong>Somewhat Bullish</strong></th>
<th style="text-align: right;"><strong>Indifferent</strong></th>
<th style="text-align: right;"><strong>Somewhat Bearish</strong></th>
<th style="text-align: right;"><strong>Bearish</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Total Ratings</strong></td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>Last 30D</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>1M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>2M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>3M Ago</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
<p>Analysts have set 12-month price targets for NMI Holdings, revealing an average target of $40.5, a high estimate of $47.00, and a low estimate of $36.00. This upward trend is apparent, with the current average reflecting a 11.97% increase from the previous average price target of $36.17.</p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1722438082_0.png" alt="price target chart" /></p>
<h2>Deciphering Analyst Ratings: An In-Depth Analysis</h2>
<p>In examining recent analyst actions, we gain insights into how financial experts perceive NMI Holdings. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.</p>
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Scott Heleniak</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Sector Perform</td>
<td>$40.00</td>
<td>$34.00</td>
</tr>
<tr>
<td>Mark Hughes</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$47.00</td>
<td>$37.00</td>
</tr>
<tr>
<td>Terry Ma</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$41.00</td>
<td>$40.00</td>
</tr>
<tr>
<td>Richard Shane</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Overweight</td>
<td>$40.00</td>
<td>$36.00</td>
</tr>
<tr>
<td>Doug Harter</td>
<td>UBS</td>
<td>Raises</td>
<td>Neutral</td>
<td>$39.00</td>
<td>$37.00</td>
</tr>
<tr>
<td>Chris Gamaitoni</td>
<td>Compass Point</td>
<td>Raises</td>
<td>Buy</td>
<td>$36.00</td>
<td>$33.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li><strong>Action Taken:</strong> Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to NMI Holdings. This offers insight into analysts' perspectives on the current state of the company.</li>
<li><strong>Rating:</strong> Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of NMI Holdings compared to the broader market.</li>
<li><strong>Price Targets:</strong> Gaining insights, analysts provide estimates for the future value of NMI Holdings's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
<p>Capture valuable insights into NMI Holdings's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.</p>
<p><a href="https://www.benzinga.com/quote/NMIH/analyst-ratings?utm_source=Benzinga Insights"><strong>Stay up to date on NMI Holdings analyst ratings.</strong></a></p>
<h2>Discovering NMI Holdings: A Closer Look</h2>
<p>NMI Holdings Inc through its subsidiaries provides private mortgage guaranty insurance. The company offers mortgage insurance, reinsurance on loans, and outsourced loan review services to mortgage loan originators. It serves national and regional mortgage banks, money center banks, credit unions, community banks, builder-owned mortgage lenders, Internet-sourced lenders, and other non-bank lenders. It protects lenders and investors from default-related losses on a portion of the unpaid principal balance of a covered mortgage.</p>
<h3>Financial Insights: NMI Holdings</h3>
<p><strong>Market Capitalization:</strong> Surpassing industry standards, the company's market capitalization asserts its dominance in terms of size, suggesting a robust market position.</p>
<p><strong>Positive Revenue Trend:</strong> Examining NMI Holdings's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of <strong>14.24%</strong> as of 31 March, 2024, showcasing a substantial increase in top-line earnings. When compared to others in the Financials sector, the company faces challenges, achieving a growth rate lower than the average among peers.</p>
<p><strong>Net Margin:</strong> The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of <strong>56.99%,</strong> the company showcases strong profitability and effective cost control.</p>
<p><strong>Return on Equity (ROE):</strong> NMI Holdings's ROE excels beyond industry benchmarks, reaching <strong>4.56%</strong>. This signifies robust financial management and efficient use of shareholder equity capital.</p>
<p><strong>Return on Assets (ROA):</strong> NMI Holdings's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive <strong>3.0%</strong> ROA, the company effectively utilizes its assets for optimal returns.</p>
<p><strong>Debt Management:</strong> NMI Holdings's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of <strong>0.2</strong>.</p>
<h2>The Core of Analyst Ratings: What Every Investor Should Know</h2>
<p>Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.</p>
<p>Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.</p>
<p>If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.</p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


Critical Insights From NMI Holdings Analyst Ratings: What You Need To Know

<p>RBC Capital  analyst Scott Heleniak   maintains NMI Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NMIH#NASDAQ">NMIH</a>) with a Sector Perform and raises the price target from $34 to $40.</p>


RBC Capital Maintains Sector Perform on NMI Holdings, Raises Price Target to $40

<p>Truist Securities  analyst Mark Hughes   maintains NMI Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NMIH#NASDAQ">NMIH</a>) with a Buy and raises the price target from $37 to $47.</p>


Truist Securities Maintains Buy on NMI Holdings, Raises Price Target to $47

<p>NMI Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NMIH#NASDAQ">NMIH</a>) reported quarterly earnings of $1.20 per share which beat the analyst consensus estimate of $1.05 by 14.29 percent.  The company reported quarterly sales of $162.122 million which beat the analyst consensus estimate of $141.883 million by 14.26 percent.  This is a 13.62 percent increase over sales of $142.685 million the same period last year.</p>


NMI Holdings Q2 2024 Adj. EPS $1.20 Beats $1.05 Estimate, Sales $162.122M Beat $141.883M Estimate

<p><strong>Sun Life Financial Inc.</strong>&#39;s (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/slf#NYSE">SLF</a>) strategic investments in Asia, strengthening asset management businesses, the scale-up of its U.S. operations and a strong financial position bode well for growth.</p>
<h3>Growth Projections</h3>
<p>The Zacks Consensus Estimate for Sun Life&#39;s 2024 earnings per share indicates an increase of 3.6% from the year-ago reported number. The consensus estimate for 2025 earnings per share and revenues indicates an increase of 8.9% and 4.9%, respectively, from the corresponding 2024 estimates.</p>
<h3>Earnings Surprise History</h3>
<p>Sun Life beat the Zacks Consensus Estimate for earnings in two of the last four quarters, met once and missed the other occasion, the average being 0.28%.</p>
<h3>Zacks Rank &amp; Price Performance</h3>
<p>Sun Life currently carries a Zacks Rank #3 (Hold). In the past year, the stock has lost 2.7% against the industry&#39;s growth of 21.3%.</p>
<p><img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/8c/70884.jpg?v=1113843695" /></p>
<p>Image Source: Zacks Investment Research</p>
<h3>Business Tailwinds</h3>
<p>Sun Life continues to focus on the emerging economies of Asia that are expected to provide higher returns and growth than the North American markets. SLF has a strong presence in China, Philippines, India, Hong Kong and Indonesia and has also forayed into Malaysia and Vietnam, taking the count to seven markets in which it has a presence. Contribution to Sun Life&#39;s earnings has increased to 21% from 8% over the last few years.</p>
<p>The third largest insurer in Canada is improving its business mix and is thus shifting its growth focus toward products that block lower capital and offer more predictable earnings. Sun Life looks to be one of the top five players and remains focused on growing its voluntary benefits business.</p>
<p>In its effort to strengthen Asset Management, Sun Life Investment Management makes investments in private fixed-income, mortgages and real estate. It invests in pension plans and other institutional investors. Notably, Asset Management provides a higher return on equity, lower capital and volatility and has the potential for an earnings upside.</p>
<p>Operational efficiency has been aiding Sun Life in building a strong capital position. The life insurer&#39;s capital outlay includes a 40-50% dividend payout over the medium term. Also, given the company&#39;s ongoing shift to fee-based capital-light businesses, it reiterated its medium-term ROE target of 18%.</p>
<h3>Headwinds</h3>
<p>However, expense increase at Sun Life over the past few years averaged 11% due to high employee expenses, premises and equipment, service fees, amortization of intangible assets and other expenses. The life insurer remains committed toward balancing both metrics, failing which, the bottom line might suffer. The company estimates integration activities to drive run-rate cost savings of $60 million by 2024.</p>
<h3>Stocks to Consider</h3>
<p>Some better-ranked stocks from the insurance industry are <strong>Reinsurance</strong> <strong>Group of America, Incorporated</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rga#NYSE">RGA</a>), <strong>Baldwin Insurance Group, Inc.</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bwin#NASDAQ">BWIN</a>) and <strong>NMI Holdings Inc</strong>. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nmih#NASDAQ">NMIH</a>), each carrying a Zacks Rank #2 (Buy) at present.</p>
<p>Reinsurance Group&#39;s earnings surpassed estimates in each of the last four quarters, the average surprise being 19.48%. Over the past year, shares of RGA have jumped 33.6%. The Zacks Consensus Estimate for RGA&#39;s 2024 and 2025 revenues implies year-over-year growth of 5.3% and 4.8%, respectively.</p>
<p>Baldwin Insurance&#39;s earnings surpassed estimates in three of the last four quarters and matched in one, the average surprise being 11.12%. Over the past year, shares of BWIN have jumped 33.6%. The Zacks Consensus Estimate for BWIN&#39;s 2024 and 2025 revenues implies year-over-year growth of 39.2% and 30.7%, respectively.</p>
<p>NMI Holdings&#39; earnings surpassed estimates in each of the last four quarters, the average surprise being 8.60%. Over the past year, shares of NMIH have jumped 33.6%. The Zacks Consensus Estimate for NMIH&#39;s 2024 and 2025 revenues implies year-over-year growth of 10.6% and 7.6%, respectively.</p>
<p><a href="https://www.zacks.com/stock/news/2299108/reasons-why-investors-should-retain-sun-life-slf-stock-now?cid=CS-BENZ-FT-analyst_blog|rank_focused-2299108">To read this article on Zacks.com click here.</a></p>


Asia

BWIN

Reasons Why Investors Should Retain Sun Life Stock Now

NMI Holdings Non-GAAP EPS of $1.20 beats by $0.15, revenue of $162.1M beats by $3.45M

NMI Holdings, Inc. (NMIH) Q2 2024 Earnings Call Transcript

In a report released yesterday, Bose George from KBW assigned a Hold rating to NMI Holdings (NMIH – Research Report), with a price target of $37.00...

NMI Holdings (NMIH) Receives a New Rating from a Top Analyst

NMI Holdings (NMIH – Research Report) received a Buy rating and price target from Truist Financial analyst Mark Hughes today. The company's shares ...

NMI Holdings (NMIH) Receives a Buy from Truist Financial

Companies in the Financial sector have received a lot of coverage today as analysts weigh in on Axos Financial (AX – Research Report) and NMI Holdi...

Analysts Offer Insights on Financial Companies: Axos Financial (AX) and NMI Holdings (NMIH)

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
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<p>Finally, the regional banking sector offers compelling opportunities, especially for institutions that maintain high net interest margins despite increased costs. This resilience, particularly in a rising interest rate environment, highlights effective management and a strong market position, making such companies attractive to investors.</p>



<h2>NMI Holdings (NMIH)</h2>



<div><img width="300" height="223" src="https://investorplace.com/wp-content/uploads/2010/07/7640547-chart-golden-coins-300x223.jpg" alt="Coins for Undervalued Value Stocks"><div>Source: <a href="http://www.istockphoto.com/">Via iStock</a></div></div><p><strong>NMI Holdings</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/nmih-stock-quote/"><strong>NMIH</strong></a></span>) specializes in insurance and has a record-high insurance coverage. NMI Holdings closed Q2 2024 with a solid&nbsp;<a href="https://ir.nationalmi.com/node/14571/pdf" target="_blank">$203.5 billion</a> in high-quality insurance,&nbsp;marking the first time the insured portfolio has hit&nbsp;over $200 billion. This growth reflects the company&rsquo;s long-term lead in building a robust portfolio. The increase in insurance in force in&nbsp;Q2 indicates a 2.1% sequential growth&nbsp;and a 6.4% annual increase.&nbsp;</p>



<p>Moreover, NMI Holdings&rsquo; credit performance continues to stand ahead, with 4,904 defaults at the end of June, down from 5,109 at the end of March. The default rate declined to 0.76% in Q2. Similarly, the loss ratio improved to 0.2% against 2.7% in Q1 2024 and&nbsp;<a href="https://seekingalpha.com/article/4708261-nmi-holdings-inc-nmih-q2-2024-earnings-call-transcript" target="_blank">2.3% in Q2 2023</a>. The company saw continued growth in investment income. This increase&nbsp;is attributed&nbsp;to deploying new cash flows and reinvesting rolling maturities at favorable new money rates. </p>



<p>Overall, NMI Holdings&rsquo; solid bottom-line growth and credit performance&nbsp;led&nbsp;to it being at the top of the list of undervalued stocks.</p>



<h2>Heidrick &amp; Struggles International (HSII)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/10/valuestocks_1600_02-300x169.jpg" alt="An abstract image of a stock chart with two arrows pointing upward representing value stocks. Deep Value Stocks to buy"><div>Source: Feylite / Shutterstock</div></div><p><strong>Heidrick &amp; Struggles International </strong>(NASDAQ:<span><a href="https://investorplace.com/stock-quotes/hsii-stock-quote/"><strong>HSII</strong></a></span>) focuses on executive search and consulting. The company&rsquo;s adjusted EBITDA for&nbsp;<a href="https://investors.heidrick.com/static-files/43b8ca41-6ab1-4bba-ac92-d04e5601e0a4" target="_blank">Q2 2024 was $28.8 million</a>, yielding a margin of 10.3%, a decrease from the previous year&rsquo;s $34.9 million with&nbsp;a 12.9% margin. Indeed, several factors led to this decline. For instance, non-recurring expenses impacted adjusted EBITDA, including a $16.2 million goodwill impairment and a $6.9 million restructuring charge. Excluding these, the adjusted EBITDA margin would have been 12%, indicating a solid operational edge and profitability.</p>



<p>Further, the Executive Search segment maintained a robust adjusted EBITDA of $52.7 million. The margin here was 25.1%. Excluding non-recurring costs, the margin would have improved to 26.9%,&nbsp;reflecting solid performance and profitability in this core area. Heidrick Consulting showed improvement despite a loss of $1.4 million.&nbsp;This&nbsp;was better than a loss of <a href="https://seekingalpha.com/article/4707851-heidrick-and-struggles-international-inc-hsii-q2-2024-earnings-call-transcript" target="_blank">$1.7 million</a>&nbsp;in the previous year. Excluding non-recurring costs, the loss was reduced by 50%.&nbsp;This highlights progress in this area and the company&rsquo;s efforts to maintain profitability.</p>



<p>Despite operational challenges highlighting its growth potential among top undervalued stocks,&nbsp;Heidrick &amp; Struggles holds a positive bottom line in core segments.</p>



<h2>TFS Financial (TFSL)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/02/aibanking1600-300x169.jpg" alt="A concept image showing robotic hands with a calculator, financial form, and a pink piggy bank."><div>Source: Shutterstock</div></div><p><strong>TFS Financial </strong>(NASDAQ:<span><a href="https://investorplace.com/stock-quotes/tfsl-stock-quote/"><strong>TFSL</strong></a></span>) operates in regional banking. For the quarter ending June 2024 (Q3 fiscal 2024), net interest income decreased by&nbsp;<a href="https://ir.thirdfederal.com/press-releases/news-details/2024/TFS-Financial-Sees-Positives-Continue-in-Third-Fiscal-Quarter/default.aspx" target="_blank">$2.1 million</a>.&nbsp;This&nbsp;represents a 3% decline that led to $69.3 million against the previous quarter. Additionally, year-to-date net interest income for nine months was $209.7 million.&nbsp;This&nbsp;is a decrease of $3.5 million, or 1.64%, from the same period in 2023. The higher cost of interest-bearing liabilities caused this decrease. Certificates of deposit mainly contributed to the rising costs that reflect the company&rsquo;s fundamental capability to attract and retain deposits despite higher interest rates.&nbsp;</p>



<p>Moreover, the net interest margin for the quarter was&nbsp;<a href="https://d18rn0p25nwr6d.cloudfront.net/CIK-0001381668/796529a7-7603-4bba-9355-0d33bfb02a3c.pdf" target="_blank">1.67%</a>, slightly lower than the 1.71% margin from the previous quarter. Over the fiscal year, the net interest margin fell from 1.82% to 1.69%. Despite this margin compression, TFS Financial maintains a high margin and interest spread that demonstrates strong management of interest rate risks. </p>



<p>Overall, the company sustains profitability even with rising costs. TFS Financial&rsquo;s high net interest margin points to resilience in a challenging interest rate environment.</p>



<p><em>As of this writing, Yiannis Zourmpanos held a long position in HSII. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines.</a></em></p>



<p><em>On the date of publication, the responsible editor did not have (either directly or indirectly) any positions in the securities mentioned in this article.</em></p>
<div><p>Yiannis Zourmpanos is the founder of Yiazou Capital Research, a stock-market research platform designed to elevate the due diligence process through in-depth business analysis.</p></div><h3>More From InvestorPlace</h3>
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ACLS

ADUS

AEIS

ALRM

AMAL

ARHS

CAKE

COCO

ESNT

EWCZ

HSII

ITGR

PAGS

STNE

TFSL

Press Releases

ICE Launches Mortgage Insurance Center for Encompass Digital Lending Platform with Integrations to All Major MI Providers

General

National MI Announces Enhanced Integration With PMI Rate Pro

NMI Holdings, Inc. to Announce First Quarter 2024 Financial Results on April 30, 2024

NMI Holdings, Inc. Reports Record First Quarter 2024 Financial Results

NMI Holdings, Inc. Prices $425 Million Senior Unsecured Notes Offering and Enters Into New $250 Million Unsecured Revolving Credit Facility

National MI Certified as a Great Place to Work for Ninth Consecutive Year

NMI Holdings, Inc. to Announce Second Quarter 2024 Financial Results on July 30, 2024

NMI Holdings, Inc. Reports Record Second Quarter 2024 Financial Results

NMI Holdings, Inc. Provides Guidance on Capital Position Under Revised Private Mortgage Insurer Eligibility Requirements

NMI Holdings, Inc. To Host Investor Day On November 21, 2024

Enact Holdings

Federal Agricultural Mortgage Corporation Common Stock

Federal Agricultural

Better Home & Finance Holding Company - Class A Common Stock

Better Home & Finance

CNFinance Holdings Limited American Depositary Shares, each representing twenty (20) Ordinary Shares

CNFinance Hldgs

Mr. Cooper Gr

Essent Group

Finance of America Companies Inc. Class A Common Stock

Finance of America

Greystone Housing Impact Investors LP Beneficial Unit Certificates representing assignments of limited partnership interests

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