Keefe, Bruyette & Woods Cuts NMI (NASDAQ:NMIH) Price Target to $43.00

NMI (NASDAQ:NMIH) had its price target decreased by Keefe, Bruyette & Woods from $44.00 to $43.00 in a report published on Wednesday,Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the financial services provider’s stock.

A number of other analysts have also weighed in on NMIH. Royal Bank of Canada cut their target price 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. dropped their price objective on shares of NMI from $46.00 to $41.00 and set an “overweight” rating on the stock in a research report on Monday, December 9th. Finally, Barclays lowered shares of NMI from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $48.00 to $41.00 in a report on Monday, January 6th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, NMI presently has a consensus rating of “Moderate Buy” and an average target price of $42.00.

NMI Stock Down 2.3 %

Shares of NASDAQ NMIH opened at $34.86 on Wednesday. NMI has a 12-month low of $28.67 and a 12-month high of $42.49. The stock has a market cap of $2.76 billion, a P/E ratio of 7.98, 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. The business’s fifty day simple moving average is $37.76 and its 200-day simple moving average is $38.39.

Hedge Funds Weigh In On NMI

Hedge funds have recently made changes to their positions in the company. State Street Corp lifted its position in NMI by 1.0% during the 3rd quarter. State Street Corp now owns 3,565,348 shares of the financial services provider’s stock worth $146,857,000 after acquiring an additional 35,351 shares during the period. Assenagon Asset Management S.A. lifted its holdings in shares of NMI by 38.0% during the third quarter. Assenagon Asset Management S.A. now owns 1,942,428 shares of the financial services provider’s stock worth $80,009,000 after purchasing an additional 534,818 shares during the period. American Century Companies Inc. lifted its holdings in shares of NMI by 18.4% during the second quarter. American Century Companies Inc. now owns 1,617,601 shares of the financial services provider’s stock worth $55,063,000 after purchasing an additional 251,664 shares during the period. FMR LLC grew its position in NMI by 7.6% in the 3rd quarter. FMR LLC now owns 1,517,092 shares of the financial services provider’s stock valued at $62,489,000 after buying an additional 107,771 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in NMI by 2.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,064,081 shares of the financial services provider’s stock valued at $43,829,000 after buying an additional 22,756 shares during the period. 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.