NMI Holdings, Inc. (NASDAQ:NMIH) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of NMI Holdings, Inc. (NASDAQ:NMIH) have been assigned an average rating of “Moderate Buy” from the seven research firms that are covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $42.29.

Several equities research analysts recently issued reports on NMIH shares. UBS Group lowered their price objective on NMI from $42.00 to $41.00 and set a “neutral” rating on the stock in a report on Wednesday, February 19th. Keefe, Bruyette & Woods raised NMI from a “market perform” rating to an “outperform” rating and set a $43.00 price target on the stock in a research note on Monday, February 24th. JPMorgan Chase & Co. reduced their price objective on 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 cut shares of NMI from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $48.00 to $41.00 in a research note on Monday, January 6th.

Insider Buying and Selling at NMI

In other NMI news, EVP Mohammad Nawaz Yousaf sold 1,083 shares of NMI stock in a transaction on Friday, February 21st. The stock was sold at an average price of $35.44, for a total value of $38,381.52. Following the sale, the executive vice president now owns 49,218 shares in the company, valued at $1,744,285.92. The trade was a 2.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Norman Peter Fitzgerald sold 20,000 shares of the company’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $35.88, for a total value of $717,600.00. Following the completion of the transaction, the executive vice president now directly owns 37,470 shares in the company, valued at approximately $1,344,423.60. This trade represents a 34.80 % decrease in their position. The disclosure for this sale can be found here. 2.70% of the stock is owned by company insiders.

Institutional Trading of NMI

Institutional investors and hedge funds have recently bought and sold shares of the stock. Principal Securities Inc. increased its position in shares of NMI by 66.5% during the fourth quarter. Principal Securities Inc. now owns 716 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 286 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in shares of NMI by 288.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,868 shares of the financial services provider’s stock worth $69,000 after purchasing an additional 1,387 shares during the period. Covestor Ltd increased its holdings in NMI by 601.1% in the 4th quarter. Covestor Ltd now owns 1,893 shares of the financial services provider’s stock valued at $70,000 after purchasing an additional 1,623 shares during the last quarter. Sterling Capital Management LLC raised its position in NMI by 786.1% in the fourth quarter. Sterling Capital Management LLC now owns 2,295 shares of the financial services provider’s stock valued at $84,000 after purchasing an additional 2,036 shares during the period. Finally, KBC Group NV lifted its stake in NMI by 38.3% during the fourth quarter. KBC Group NV now owns 3,221 shares of the financial services provider’s stock worth $118,000 after purchasing an additional 892 shares in the last quarter. 94.12% of the stock is currently owned by hedge funds and other institutional investors.

NMI Trading Down 1.5 %

Shares of NASDAQ:NMIH opened at $36.00 on Friday. The business’s 50 day moving average price is $36.41 and its 200-day moving average price is $37.96. NMI has a 1 year low of $29.05 and a 1 year high of $42.49. The firm has a market capitalization of $2.82 billion, a price-to-earnings ratio of 8.13, a price-to-earnings-growth ratio of 1.41 and a beta of 1.02. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.60 and a quick ratio of 0.83.

NMI (NASDAQ:NMIH) last posted its quarterly earnings data 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%. On average, equities research analysts forecast that NMI will post 4.62 earnings per share for the current fiscal year.

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.