NMI (NASDAQ:NMIH) Price Target Lowered to $43.00 at Keefe, Bruyette & Woods

NMI (NASDAQ:NMIH) had its target price cut by stock analysts at Keefe, Bruyette & Woods from $44.00 to $43.00 in a report issued on Wednesday,Benzinga reports. The firm presently has a “market perform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price objective indicates a potential upside of 21.09% from the stock’s current price.

NMIH has been the topic of several other research reports. JPMorgan Chase & Co. dropped their target price on NMI from $46.00 to $41.00 and set an “overweight” rating on the stock in a report on Monday, December 9th. Barclays cut shares of NMI from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $48.00 to $41.00 in a research note on Monday. Finally, Royal Bank of Canada lowered their price objective on shares of NMI from $48.00 to $47.00 and set an “outperform” rating on the stock in a research note on Thursday, November 7th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $42.00.

NMI Stock Down 0.8 %

NASDAQ:NMIH traded down $0.30 during trading hours on Wednesday, reaching $35.51. 90,813 shares of the stock were exchanged, compared to its average volume of 386,434. The stock has a market cap of $2.81 billion, a PE ratio of 8.13, a PEG ratio of 0.92 and a beta of 1.12. NMI has a twelve month low of $28.67 and a twelve month high of $42.49. The firm has a 50 day moving average of $37.93 and a 200 day moving average of $38.42. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.83 and a quick ratio of 0.83.

Institutional Investors Weigh In On NMI

Hedge funds have recently made changes to their positions in the stock. Jane Street Group LLC lifted its holdings in NMI by 64.2% in the third quarter. Jane Street Group LLC now owns 139,173 shares of the financial services provider’s stock valued at $5,733,000 after buying an additional 54,391 shares during the period. Algert Global LLC boosted its position in shares of NMI by 88.9% during the 3rd quarter. Algert Global LLC now owns 142,141 shares of the financial services provider’s stock worth $5,855,000 after purchasing an additional 66,880 shares in the last quarter. Edgestream Partners L.P. grew its stake in shares of NMI by 13.1% in the 2nd quarter. Edgestream Partners L.P. now owns 172,794 shares of the financial services provider’s stock valued at $5,882,000 after buying an additional 20,048 shares during the period. JPMorgan Chase & Co. increased its position in NMI by 3.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 775,804 shares of the financial services provider’s stock valued at $31,955,000 after buying an additional 24,838 shares in the last quarter. Finally, Citigroup Inc. raised its stake in NMI by 95.4% during the 3rd quarter. Citigroup Inc. now owns 129,180 shares of the financial services provider’s stock worth $5,321,000 after buying an additional 63,058 shares during the period. 94.12% of the stock is currently owned by institutional investors and hedge funds.

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.