NMI Holdings, Inc. (NASDAQ:NMIH) Receives $43.43 Average PT from Analysts

Shares of NMI Holdings, Inc. (NASDAQ:NMIH) have received a consensus recommendation of “Moderate Buy” from the seven research firms that are currently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $43.43.

A number of analysts have commented on NMIH shares. StockNews.com downgraded NMI from a “buy” rating to a “hold” rating in a research report on Wednesday, August 21st. Barclays lifted their price target on shares of NMI from $43.00 to $48.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 8th. Keefe, Bruyette & Woods increased their price objective on shares of NMI from $37.00 to $40.00 and gave the company a “market perform” rating in a research note on Thursday, August 1st. Royal Bank of Canada raised shares of NMI from a “sector perform” rating to an “outperform” rating and upped their target price for the company from $40.00 to $48.00 in a research note on Wednesday, September 18th. Finally, JPMorgan Chase & Co. increased their price target 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.

NMI Stock Down 4.9 %

NASDAQ NMIH opened at $36.79 on Thursday. NMI has a twelve month low of $26.92 and a twelve month high of $42.49. The stock has a market cap of $2.93 billion, a PE ratio of 8.72, a PEG ratio of 0.88 and a beta of 1.13. The firm has a 50-day simple moving average of $40.47 and a 200 day simple moving average of $36.58. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.67 and a current ratio of 0.67.

Insider Activity

In related news, insider William J. Leatherberry sold 3,000 shares of the firm’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $40.07, for a total transaction of $120,210.00. Following the completion of the sale, the insider now directly owns 153,689 shares of the company’s stock, valued at $6,158,318.23. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.70% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On NMI

A number of institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of NMI by 3.4% during the fourth quarter. Vanguard Group Inc. now owns 6,809,208 shares of the financial services provider’s stock valued at $202,097,000 after purchasing an additional 225,364 shares during the last quarter. Diversified Trust Co increased its stake in shares of NMI by 6.1% in the 1st quarter. Diversified Trust Co now owns 26,029 shares of the financial services provider’s stock valued at $842,000 after buying an additional 1,499 shares during the period. Allspring Global Investments Holdings LLC raised its position in shares of NMI by 9.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 7,888 shares of the financial services provider’s stock worth $255,000 after acquiring an additional 666 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in shares of NMI by 47.0% during the first quarter. BNP Paribas Financial Markets now owns 90,240 shares of the financial services provider’s stock valued at $2,918,000 after acquiring an additional 28,853 shares during the period. Finally, Fidelis Capital Partners LLC acquired a new position in shares of NMI during the first quarter valued at $31,000. 94.12% of the stock is owned by institutional investors.

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.