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

NMI Holdings, Inc. (NASDAQ:NMIH) has been given a consensus recommendation of “Moderate Buy” by the seven research firms that are covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $42.00.

NMIH has been the subject of several analyst reports. Keefe, Bruyette & Woods decreased their target price on shares of NMI from $44.00 to $43.00 and set a “market perform” rating for the company in a research note on Wednesday, January 8th. Royal Bank of Canada lowered their price objective on shares of NMI from $48.00 to $47.00 and set an “outperform” rating on the stock in a research note on Thursday, November 7th. JPMorgan Chase & Co. cut their target price on shares of NMI from $46.00 to $41.00 and set an “overweight” rating for the company in a research note on Monday, December 9th. Finally, Barclays downgraded NMI from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $48.00 to $41.00 in a research report on Monday, January 6th.

Institutional Trading of NMI

Several hedge funds and other institutional investors have recently made changes to their positions in NMIH. Donald Smith & CO. Inc. bought a new position in shares of NMI during the second quarter worth about $29,708,000. Assenagon Asset Management S.A. increased its position in NMI by 38.0% during the 3rd 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 purchasing an additional 534,818 shares during the period. Barclays PLC raised its holdings in NMI by 264.4% during the 3rd quarter. Barclays PLC now owns 386,999 shares of the financial services provider’s stock worth $15,940,000 after purchasing an additional 280,809 shares during the last quarter. Millennium Management LLC lifted its position in shares of NMI by 34.8% in the 2nd quarter. Millennium Management LLC now owns 1,020,415 shares of the financial services provider’s stock worth $34,735,000 after purchasing an additional 263,478 shares during the period. Finally, American Century Companies Inc. boosted its stake in shares of NMI by 18.4% in the 2nd quarter. American Century Companies Inc. now owns 1,617,601 shares of the financial services provider’s stock valued at $55,063,000 after purchasing an additional 251,664 shares during the last quarter. 94.12% of the stock is currently owned by institutional investors.

NMI Price Performance

Shares of NASDAQ NMIH opened at $35.15 on Tuesday. The company has a fifty day moving average price of $37.73 and a 200 day moving average price of $38.48. The firm has a market cap of $2.78 billion, a PE ratio of 8.04, a PEG ratio of 0.92 and a beta of 1.12. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.19. NMI has a 1-year low of $28.73 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.