Brokerages Set NMI Holdings, Inc. (NASDAQ:NMIH) PT at $43.43

Shares of NMI Holdings, Inc. (NASDAQ:NMIHGet Free Report) have been given an average recommendation of “Moderate Buy” by the seven research firms that are currently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $43.43.

Several research firms have commented on NMIH. Royal Bank of Canada upgraded shares of NMI from a “sector perform” rating to an “outperform” rating and boosted their price target for the stock from $40.00 to $48.00 in a report on Wednesday, September 18th. Keefe, Bruyette & Woods boosted their target price on shares of NMI from $37.00 to $40.00 and gave the stock a “market perform” rating in a research note on Thursday, August 1st. Truist Financial raised their price target on NMI from $37.00 to $47.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. JPMorgan Chase & Co. upped their price objective on NMI from $42.00 to $46.00 and gave the stock an “overweight” rating in a research report on Monday, October 7th. Finally, Barclays raised their target price on NMI from $43.00 to $48.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th.

Read Our Latest Analysis on NMIH

Insider Buying and Selling

In other news, insider William J. Leatherberry sold 3,000 shares of the stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $40.07, for a total value of $120,210.00. Following the completion of the sale, the insider now directly owns 153,689 shares of the company’s stock, valued at approximately $6,158,318.23. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.40% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On NMI

Hedge funds have recently made changes to their positions in the business. Capital International Investors purchased a new position in shares of NMI in the 1st quarter valued at approximately $32,270,000. Donald Smith & CO. Inc. acquired a new position in NMI in the 2nd quarter valued at $29,708,000. Goldentree Asset Management LP acquired a new position in NMI in the 1st quarter valued at $22,600,000. Assenagon Asset Management S.A. raised its position in NMI by 38.0% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,942,428 shares of the financial services provider’s stock worth $80,009,000 after buying an additional 534,818 shares during the last quarter. Finally, F M Investments LLC purchased a new stake in shares of NMI in the second quarter valued at about $12,447,000. Institutional investors and hedge funds own 94.12% of the company’s stock.

NMI Price Performance

Shares of NASDAQ NMIH opened at $39.28 on Thursday. The stock’s 50-day moving average is $40.34 and its two-hundred day moving average is $36.76. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.67 and a quick ratio of 0.67. The company has a market cap of $3.13 billion, a price-to-earnings ratio of 9.31, a price-to-earnings-growth ratio of 0.84 and a beta of 1.13. NMI has a 1-year low of $27.00 and a 1-year high of $42.49.

NMI Company Profile

(Get Free Report

NMI Holdings, Inc provides private mortgage guaranty insurance services in the United States. The company offers mortgage insurance services, such as primary and pool insurance; 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.

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Analyst Recommendations for NMI (NASDAQ:NMIH)

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