NMI (NASDAQ:NMIH) Stock Rating Lowered by Barclays

NMI (NASDAQ:NMIH) was downgraded by equities researchers at Barclays from an “overweight” rating to an “equal weight” rating in a note issued to investors on Monday, MarketBeat Ratings reports. They presently have a $41.00 price objective on the financial services provider’s stock, down from their prior price objective of $48.00. Barclays‘s price objective points to a potential upside of 14.49% from the stock’s current price.

Other equities research analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. lowered their price target on shares of NMI from $46.00 to $41.00 and set an “overweight” rating for the company in a research report on Monday, December 9th. Keefe, Bruyette & Woods upped their target price on shares of NMI from $43.00 to $44.00 and gave the company a “market perform” rating in a research report on Tuesday, December 10th. Finally, Royal Bank of Canada cut their price target on NMI from $48.00 to $47.00 and set an “outperform” rating on the stock in a research note on Thursday, November 7th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, NMI currently has a consensus rating of “Moderate Buy” and a consensus target price of $42.14.

NMI Stock Up 0.5 %

Shares of NASDAQ:NMIH opened at $35.81 on Monday. NMI has a 12 month low of $28.67 and a 12 month high of $42.49. The firm has a market cap of $2.83 billion, a P/E ratio of 8.19, a P/E/G ratio of 0.92 and a beta of 1.12. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.19. The company’s 50-day moving average price is $37.99 and its two-hundred day moving average price is $38.40.

Institutional Trading of NMI

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Legend Financial Advisors Inc. raised its stake in NMI by 6.3% during the fourth quarter. Legend Financial Advisors Inc. now owns 18,684 shares of the financial services provider’s stock worth $687,000 after acquiring an additional 1,108 shares in the last quarter. Diversified Trust Co increased its position in NMI by 11.8% during the 4th quarter. Diversified Trust Co now owns 31,940 shares of the financial services provider’s stock worth $1,174,000 after purchasing an additional 3,373 shares in the last quarter. CWA Asset Management Group LLC grew its stake in shares of NMI by 25.7% during the fourth quarter. CWA Asset Management Group LLC now owns 25,026 shares of the financial services provider’s stock worth $920,000 after buying an additional 5,118 shares during the last quarter. 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 valued at $31,955,000 after acquiring an additional 24,838 shares in the last quarter. Finally, Franklin Resources Inc. raised its position in NMI by 1.5% in the third quarter. Franklin Resources Inc. now owns 98,150 shares of the financial services provider’s stock valued at $4,024,000 after purchasing an additional 1,442 shares during 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.