Brokerages Set NMI Holdings, Inc. (NASDAQ:NMIH) Target Price at $43.29

NMI Holdings, Inc. (NASDAQ:NMIH) has earned a consensus recommendation of “Moderate Buy” from the seven ratings firms that are covering the stock, MarketBeat Ratings 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 price objective among analysts that have updated their coverage on the stock in the last year is $43.29.

A number of research firms have weighed in on NMIH. Keefe, Bruyette & Woods boosted their price objective on NMI from $37.00 to $40.00 and gave the stock a “market perform” rating in a research note on Thursday, August 1st. Royal Bank of Canada lowered their price target on shares of NMI from $48.00 to $47.00 and set an “outperform” rating on the stock in a research report on Thursday, November 7th. JPMorgan Chase & Co. raised their price objective on shares of NMI from $42.00 to $46.00 and gave the stock an “overweight” rating in a research report on Monday, October 7th. StockNews.com lowered shares of NMI from a “buy” rating to a “hold” rating in a report on Wednesday, August 21st. Finally, Barclays increased their price objective on NMI from $43.00 to $48.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th.

Institutional Trading of NMI

A number of large investors have recently modified their holdings of NMIH. Opal Wealth Advisors LLC acquired a new position in NMI during the 2nd quarter worth $29,000. Quarry LP grew its position 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 buying an additional 493 shares in the last quarter. GAMMA Investing LLC grew its position in shares of NMI by 57.2% during the third 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 purchased a new stake in shares of NMI during the third quarter worth approximately $57,000. Finally, Picton Mahoney Asset Management acquired a new stake in NMI in the second quarter valued at approximately $63,000. Hedge funds and other institutional investors own 94.12% of the company’s stock.

NMI Trading Up 0.1 %

Shares of NMI stock opened at $40.03 on Monday. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.83 and a quick ratio of 0.83. The stock’s 50 day simple moving average is $39.60 and its 200-day simple moving average is $37.41. The stock has a market cap of $3.17 billion, a P/E ratio of 9.16, a P/E/G ratio of 0.98 and a beta of 1.13. NMI has a 1-year low of $27.00 and a 1-year high of $42.49.

About NMI

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.