Analysts Set NMI Holdings, Inc. (NASDAQ:NMIH) Target Price at $43.29

Shares of NMI Holdings, Inc. (NASDAQ:NMIH) have received a consensus recommendation of “Moderate Buy” from the seven analysts that are presently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $43.29.

A number of equities research analysts have weighed in on the company. StockNews.com lowered NMI from a “buy” rating to a “hold” rating in a research report on Wednesday, August 21st. JPMorgan Chase & Co. lifted their target price on NMI from $42.00 to $46.00 and gave the company an “overweight” rating in a research report on Monday, October 7th. Royal Bank of Canada decreased their target price on NMI from $48.00 to $47.00 and set an “outperform” rating for the company in a research report on Thursday, November 7th. Finally, Barclays boosted their price target on NMI from $43.00 to $48.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Algert Global LLC increased its position in NMI by 88.9% during the 3rd quarter. Algert Global LLC now owns 142,141 shares of the financial services provider’s stock valued at $5,855,000 after buying an additional 66,880 shares in the last quarter. Leeward Investments LLC MA increased its position in NMI by 5.6% during the 2nd quarter. Leeward Investments LLC MA now owns 306,985 shares of the financial services provider’s stock valued at $10,450,000 after buying an additional 16,295 shares in the last quarter. Edgestream Partners L.P. increased its position in NMI by 13.1% during the 2nd quarter. Edgestream Partners L.P. now owns 172,794 shares of the financial services provider’s stock valued at $5,882,000 after buying an additional 20,048 shares in the last quarter. Panagora Asset Management Inc. increased its position in NMI by 5.8% during the 2nd quarter. Panagora Asset Management Inc. now owns 526,287 shares of the financial services provider’s stock valued at $17,915,000 after buying an additional 29,040 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in NMI by 5.3% during the 1st quarter. Vanguard Group Inc. now owns 7,168,138 shares of the financial services provider’s stock valued at $231,818,000 after buying an additional 358,930 shares in the last quarter. 94.12% of the stock is owned by institutional investors and hedge funds.

NMI Trading Down 0.1 %

Shares of NASDAQ NMIH opened at $39.99 on Monday. 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 business has a fifty day simple moving average of $39.55 and a two-hundred day simple moving average of $37.53. The firm has a market cap of $3.16 billion, a PE ratio of 9.15, a price-to-earnings-growth ratio of 0.98 and a beta of 1.13. NMI has a twelve month low of $27.25 and a twelve month high of $42.49.

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.