NMI Holdings, Inc. (NASDAQ:NMIH) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of NMI Holdings, Inc. (NASDAQ:NMIH) have earned a consensus recommendation of “Moderate Buy” from the seven analysts that are covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $42.00.

Several analysts recently commented on NMIH shares. JPMorgan Chase & Co. cut their price objective on shares of NMI from $46.00 to $41.00 and set an “overweight” rating on the stock in a research report on Monday, December 9th. Keefe, Bruyette & Woods reduced their price target on shares of NMI from $44.00 to $43.00 and set a “market perform” rating for the company in a research report on Wednesday, January 8th. Barclays lowered shares of NMI from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $48.00 to $41.00 in a report on Monday, January 6th. Finally, Royal Bank of Canada cut 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.

Hedge Funds Weigh In On NMI

Several hedge funds and other institutional investors have recently modified their holdings of NMIH. The Manufacturers Life Insurance Company increased its position in NMI by 2.4% during the second quarter. The Manufacturers Life Insurance Company now owns 44,475 shares of the financial services provider’s stock valued at $1,514,000 after acquiring an additional 1,024 shares during the last quarter. Creative Planning increased its position in shares of NMI by 67.3% during the 2nd quarter. Creative Planning now owns 17,649 shares of the financial services provider’s stock valued at $601,000 after purchasing an additional 7,102 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of NMI by 57.2% in the 3rd quarter. GAMMA Investing LLC now owns 728 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 265 shares during the period. CWM LLC boosted its holdings in shares of NMI by 32.3% in the third quarter. CWM LLC now owns 3,936 shares of the financial services provider’s stock worth $162,000 after buying an additional 962 shares during the last quarter. Finally, USA Financial Formulas bought a new stake in NMI during the third quarter valued at approximately $57,000. 94.12% of the stock is owned by institutional investors.

NMI Stock Performance

Shares of NMIH opened at $35.51 on Friday. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.19. The stock has a market cap of $2.81 billion, a P/E ratio of 8.02, a P/E/G ratio of 0.92 and a beta of 1.12. The business’s 50 day moving average price is $37.17 and its 200-day moving average price is $38.67. NMI has a 52 week low of $28.73 and a 52 week high of $42.49.

NMI (NASDAQ:NMIH) last released its earnings results on Wednesday, February 12th. The financial services provider reported $1.07 EPS for the quarter, missing the consensus estimate of $1.14 by ($0.07). NMI had a return on equity of 17.64% and a net margin of 55.32%. Equities research analysts anticipate that NMI will post 4.68 earnings per share for the current fiscal year.

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.