NMI Holdings, Inc. (NASDAQ:NMIH) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of NMI Holdings, Inc. (NASDAQ:NMIH) have earned a consensus rating of “Moderate Buy” from the seven research firms that are currently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $43.14.

NMIH has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods raised their price target on shares of NMI from $43.00 to $44.00 and gave the company a “market perform” rating in a report on Tuesday, December 10th. Barclays raised their target price on shares of NMI from $43.00 to $48.00 and gave the company an “overweight” rating in a research note on Tuesday, October 8th. JPMorgan Chase & Co. decreased their price objective on NMI from $46.00 to $41.00 and set an “overweight” rating for the company in a report on Monday, December 9th. Finally, Royal Bank of Canada dropped their target price on NMI from $48.00 to $47.00 and set an “outperform” rating on the stock in a research note on Thursday, November 7th.

Institutional Investors Weigh In On NMI

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Quarry LP increased its stake in shares of NMI by 135.1% during the second quarter. Quarry LP now owns 858 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 493 shares in the last quarter. GAMMA Investing LLC increased its stake in NMI by 57.2% during the 3rd quarter. GAMMA Investing LLC now owns 728 shares of the financial services provider’s stock worth $30,000 after buying an additional 265 shares in the last quarter. USA Financial Formulas acquired a new position in shares of NMI during the third quarter valued at approximately $57,000. Picton Mahoney Asset Management acquired a new stake in shares of NMI in the second quarter worth approximately $63,000. Finally, Farther Finance Advisors LLC increased its position in shares of NMI by 989.9% during the third quarter. Farther Finance Advisors LLC now owns 3,248 shares of the financial services provider’s stock worth $134,000 after purchasing an additional 2,950 shares in the last quarter. Hedge funds and other institutional investors own 94.12% of the company’s stock.

NMI Trading Up 0.7 %

Shares of NASDAQ:NMIH opened at $37.26 on Friday. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $2.95 billion, a PE ratio of 8.53, a P/E/G ratio of 0.92 and a beta of 1.10. NMI has a 12-month low of $28.67 and a 12-month high of $42.49. The business’s fifty day simple moving average is $38.46 and its 200-day simple moving average is $38.12.

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.