UBS Group Has Lowered Expectations for NMI (NASDAQ:NMIH) Stock Price

NMI (NASDAQ:NMIH) had its target price decreased by stock analysts at UBS Group from $42.00 to $41.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the financial services provider’s stock. UBS Group’s target price would suggest a potential upside of 16.51% from the stock’s current price.

Several other equities analysts have also recently issued reports on the company. Royal Bank of Canada dropped their target price on NMI from $48.00 to $47.00 and set an “outperform” rating on the stock in a research report on Thursday, November 7th. JPMorgan Chase & Co. dropped their target price on NMI from $46.00 to $41.00 and set an “overweight” rating on the stock in a research report on Monday, December 9th. Barclays cut NMI from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $48.00 to $41.00 in a research report on Monday, January 6th. Finally, Keefe, Bruyette & Woods dropped their target price on NMI from $44.00 to $43.00 and set a “market perform” rating on the stock in a research report on Wednesday, January 8th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, NMI has an average rating of “Moderate Buy” and an average price target of $42.29.

NMI Stock Performance

Shares of NMIH stock opened at $35.19 on Wednesday. The stock has a market capitalization of $2.76 billion, a PE ratio of 7.94, a price-to-earnings-growth ratio of 1.42 and a beta of 1.12. NMI has a 52-week low of $28.82 and a 52-week high of $42.49. The stock’s 50-day moving average price is $36.96 and its 200 day moving average price is $38.58. The company has a quick ratio of 0.83, a current ratio of 0.60 and a debt-to-equity ratio of 0.19.

NMI (NASDAQ:NMIH) last issued its quarterly earnings results on Wednesday, February 12th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.14 by ($0.07). NMI had a net margin of 55.32% and a return on equity of 17.33%. As a group, equities research analysts forecast that NMI will post 4.62 EPS for the current year.

Institutional Investors Weigh In On NMI

Several institutional investors have recently modified their holdings of NMIH. CWM LLC boosted its stake in shares of NMI by 32.3% during the 3rd quarter. CWM LLC now owns 3,936 shares of the financial services provider’s stock worth $162,000 after acquiring an additional 962 shares in the last quarter. Creative Planning lifted its stake in NMI by 13.4% in the 3rd quarter. Creative Planning now owns 20,006 shares of the financial services provider’s stock valued at $824,000 after buying an additional 2,357 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in NMI by 38.0% in 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 buying an additional 534,818 shares in the last quarter. Donald Smith & CO. Inc. lifted its stake in NMI by 11.1% in the 3rd quarter. Donald Smith & CO. Inc. now owns 969,872 shares of the financial services provider’s stock valued at $39,949,000 after buying an additional 97,125 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its stake in NMI by 989.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 3,248 shares of the financial services provider’s stock valued at $134,000 after buying an additional 2,950 shares in the last quarter. Hedge funds and other 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.