Brokerages Set NMI Holdings, Inc. (NASDAQ:NMIH) PT at $43.29

NMI Holdings, Inc. (NASDAQ:NMIH) has been given an average rating of “Moderate Buy” by the seven research firms that are covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $43.29.

Several brokerages have recently weighed in on NMIH. StockNews.com lowered NMI from a “buy” rating to a “hold” rating in a research report on Wednesday, August 21st. Barclays raised their price objective on shares of NMI from $43.00 to $48.00 and gave the stock an “overweight” rating in a report on Tuesday, October 8th. JPMorgan Chase & Co. increased their target price on shares of NMI from $42.00 to $46.00 and gave the company an “overweight” rating in a research report on Monday, October 7th. Royal Bank of Canada reduced their price target 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 lifted their target price on NMI from $37.00 to $40.00 and gave the stock a “market perform” rating in a research report on Thursday, August 1st.

Institutional Trading of NMI

Several institutional investors and hedge funds have recently added to or reduced their stakes in NMIH. Leeward Investments LLC MA raised its stake in shares of NMI by 5.6% during the second quarter. Leeward Investments LLC MA now owns 306,985 shares of the financial services provider’s stock worth $10,450,000 after purchasing an additional 16,295 shares during the last quarter. Algert Global LLC boosted its holdings in shares of NMI by 88.9% in the third quarter. Algert Global LLC now owns 142,141 shares of the financial services provider’s stock valued at $5,855,000 after acquiring an additional 66,880 shares in the last quarter. Edgestream Partners L.P. increased its stake in shares of NMI by 13.1% during the second quarter. Edgestream Partners L.P. now owns 172,794 shares of the financial services provider’s stock worth $5,882,000 after acquiring an additional 20,048 shares during the period. Panagora Asset Management Inc. raised its holdings in NMI by 5.8% during the second quarter. Panagora Asset Management Inc. now owns 526,287 shares of the financial services provider’s stock worth $17,915,000 after purchasing an additional 29,040 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in NMI by 5.3% in the first quarter. Vanguard Group Inc. now owns 7,168,138 shares of the financial services provider’s stock valued at $231,818,000 after purchasing an additional 358,930 shares during the period. 94.12% of the stock is owned by hedge funds and other institutional investors.

NMI Stock Up 0.1 %

NMI stock opened at $40.03 on Monday. The stock has a market cap of $3.17 billion, a PE ratio of 9.16, a P/E/G ratio of 0.98 and a beta of 1.13. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.83 and a quick ratio of 0.83. The stock’s fifty day moving average is $39.60 and its two-hundred day moving average is $37.41. NMI has a 1-year low of $27.00 and a 1-year high of $42.49.

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.