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

NMI Holdings, Inc. (NASDAQ:NMIH) has been given a consensus rating of “Moderate Buy” by the seven analysts that are covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $43.14.

Several brokerages have issued reports on NMIH. Royal Bank of Canada dropped their target price on 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. decreased their price target 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. Barclays boosted their price objective on shares of NMI from $43.00 to $48.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. Finally, Keefe, Bruyette & Woods raised their target price on NMI from $43.00 to $44.00 and gave the stock a “market perform” rating in a report on Tuesday, December 10th.

NMI Price Performance

Shares of NMIH opened at $36.58 on Friday. The firm has a market cap of $2.89 billion, a PE ratio of 8.37, a P/E/G ratio of 0.92 and a beta of 1.10. NMI has a 1-year low of $28.67 and a 1-year high of $42.49. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.19. The firm has a fifty day simple moving average of $38.81 and a two-hundred day simple moving average of $37.98.

Institutional Trading of NMI

Institutional investors have recently added to or reduced their stakes in the company. State Street Corp boosted its holdings in shares of NMI by 1.0% in the third quarter. State Street Corp now owns 3,565,348 shares of the financial services provider’s stock valued at $146,857,000 after purchasing an additional 35,351 shares during the period. Van Berkom & Associates Inc. increased its stake in shares of NMI by 2.1% during the second quarter. Van Berkom & Associates Inc. now owns 2,451,743 shares of the financial services provider’s stock valued at $83,457,000 after buying an additional 51,194 shares during the period. Assenagon Asset Management S.A. raised its holdings in shares of NMI by 38.0% in the third quarter. Assenagon Asset Management S.A. now owns 1,942,428 shares of the financial services provider’s stock valued at $80,009,000 after acquiring an additional 534,818 shares in the last quarter. American Century Companies Inc. lifted its stake in NMI by 18.4% in the second quarter. American Century Companies Inc. now owns 1,617,601 shares of the financial services provider’s stock worth $55,063,000 after acquiring an additional 251,664 shares during the period. Finally, FMR LLC grew its holdings in NMI by 7.6% during the 3rd quarter. FMR LLC now owns 1,517,092 shares of the financial services provider’s stock worth $62,489,000 after acquiring an additional 107,771 shares in the last quarter. Institutional investors own 94.12% of the company’s stock.

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.