NMI (NASDAQ:NMIH) Rating Lowered to Equal Weight at Barclays

NMI (NASDAQ:NMIH) was downgraded by equities researchers at Barclays from an “overweight” rating to an “equal weight” rating in a report issued on Monday,Briefing.com Automated Import reports. They currently have a $41.00 target price on the financial services provider’s stock, down from their prior target price of $48.00. Barclays‘s target price points to a potential upside of 11.05% from the company’s previous close.

A number of other research firms also recently weighed in on NMIH. JPMorgan Chase & Co. cut their price target on NMI from $46.00 to $41.00 and set an “overweight” rating for the company in a research note on Monday, December 9th. Royal Bank of Canada cut their price objective 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. Finally, Keefe, Bruyette & Woods lifted their target price on shares of NMI from $43.00 to $44.00 and gave the company a “market perform” rating in a research note on Tuesday, December 10th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $42.14.

NMI Trading Up 0.9 %

NMI stock opened at $36.92 on Monday. The company has a quick ratio of 0.83, a current 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 company’s fifty day simple moving average is $38.06 and its 200-day simple moving average is $38.35. The stock has a market cap of $2.92 billion, a P/E ratio of 8.45, a P/E/G ratio of 0.92 and a beta of 1.12.

Hedge Funds Weigh In On NMI

A number of institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. boosted its holdings in shares of NMI by 3.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 775,804 shares of the financial services provider’s stock worth $31,955,000 after buying an additional 24,838 shares during the period. Franklin Resources Inc. boosted its holdings in NMI by 1.5% during the third quarter. Franklin Resources Inc. now owns 98,150 shares of the financial services provider’s stock valued at $4,024,000 after acquiring an additional 1,442 shares during the period. Tidal Investments LLC boosted its holdings in NMI by 92.9% during the third quarter. Tidal Investments LLC now owns 38,069 shares of the financial services provider’s stock valued at $1,568,000 after acquiring an additional 18,333 shares during the period. World Investment Advisors LLC bought a new position in shares of NMI in the third quarter worth about $1,059,000. Finally, Sanctuary Advisors LLC increased its stake in shares of NMI by 6.0% in the third quarter. Sanctuary Advisors LLC now owns 54,594 shares of the financial services provider’s stock worth $2,114,000 after purchasing an additional 3,066 shares during the period. 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.