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

NMI Holdings, Inc. (NASDAQ:NMIH) has been assigned an average rating of “Moderate Buy” from the seven ratings firms that are currently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $43.14.

A number of analysts have recently commented on the company. JPMorgan Chase & Co. cut their price target on NMI from $46.00 to $41.00 and set an “overweight” rating on the stock in a report on Monday, December 9th. Barclays upped their price target on NMI from $43.00 to $48.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th. Royal Bank of Canada decreased their target price on shares of NMI from $48.00 to $47.00 and set an “outperform” rating for the company in a research report on Thursday, November 7th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of NMI from $43.00 to $44.00 and gave the stock a “market perform” rating in a research report on Tuesday, December 10th.

Institutional Trading of NMI

Large investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp raised its stake in NMI by 0.6% in the second quarter. Bank of New York Mellon Corp now owns 670,256 shares of the financial services provider’s stock valued at $22,816,000 after buying an additional 4,096 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in shares of NMI by 94.7% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 15,361 shares of the financial services provider’s stock worth $523,000 after acquiring an additional 7,473 shares during the last quarter. Panagora Asset Management Inc. raised its stake in NMI by 5.8% in the 2nd quarter. Panagora Asset Management Inc. now owns 526,287 shares of the financial services provider’s stock valued at $17,915,000 after acquiring an additional 29,040 shares during the period. F M Investments LLC acquired a new stake in NMI during the 2nd quarter valued at $12,447,000. Finally, Picton Mahoney Asset Management bought a new position in NMI during the second quarter worth $63,000. Institutional investors and hedge funds own 94.12% of the company’s stock.

NMI Trading Up 1.0 %

NMIH opened at $36.99 on Friday. The stock has a market capitalization of $2.93 billion, a P/E ratio of 8.46, a P/E/G ratio of 0.92 and a beta of 1.10. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.19. NMI has a 12 month low of $28.67 and a 12 month high of $42.49. The firm’s fifty day simple moving average is $38.64 and its 200 day simple moving average is $38.10.

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.