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

Shares of NMI Holdings, Inc. (NASDAQ:NMIH) 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.

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

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.