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

NMI Holdings, Inc. (NASDAQ:NMIH) has received an average rating of “Moderate Buy” from the seven analysts that are presently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $43.14.

Several equities research analysts recently weighed in on NMIH shares. Keefe, Bruyette & Woods increased their target price on NMI from $43.00 to $44.00 and gave the company a “market perform” rating in a report on Tuesday, December 10th. Royal Bank of Canada dropped their price objective on NMI from $48.00 to $47.00 and set an “outperform” rating for the company in a research note on Thursday, November 7th. JPMorgan Chase & Co. decreased their target price on shares of NMI from $46.00 to $41.00 and set an “overweight” rating on the stock in a research note on Monday, December 9th. Finally, Barclays raised their price target on shares of NMI from $43.00 to $48.00 and gave the stock an “overweight” rating in a report on Tuesday, October 8th.

Institutional Trading of NMI

Several large investors have recently bought and sold shares of NMIH. Quarry LP raised its holdings in NMI by 135.1% in the second quarter. Quarry LP now owns 858 shares of the financial services provider’s stock worth $29,000 after buying an additional 493 shares during the last quarter. GAMMA Investing LLC lifted its position in NMI by 57.2% in the 3rd quarter. GAMMA Investing LLC now owns 728 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 265 shares in the last quarter. USA Financial Formulas purchased a new stake in NMI during the 3rd quarter valued at $57,000. Picton Mahoney Asset Management bought a new stake in shares of NMI in the 2nd quarter worth $63,000. Finally, Farther Finance Advisors LLC raised its stake in shares of NMI by 989.9% in the third quarter. Farther Finance Advisors LLC now owns 3,248 shares of the financial services provider’s stock worth $134,000 after purchasing an additional 2,950 shares during the last quarter. 94.12% of the stock is owned by institutional investors.

NMI Trading Up 0.7 %

Shares of NMIH opened at $36.58 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.83 and a quick ratio of 0.83. NMI has a 1-year low of $28.67 and a 1-year high of $42.49. The company has a market capitalization of $2.89 billion, a P/E ratio of 8.37, a P/E/G ratio of 0.92 and a beta of 1.10. The firm’s 50 day simple moving average is $38.81 and its 200 day simple moving average is $37.98.

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.