NMI Holdings, Inc. (NASDAQ:NMIH) Receives $43.14 Consensus Price Target from Brokerages

NMI Holdings, Inc. (NASDAQ:NMIH) has been assigned an average rating of “Moderate Buy” from the seven brokerages that are covering the company, Marketbeat.com 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 price target among brokerages that have issued ratings on the stock in the last year is $43.14.

Several analysts have weighed in on NMIH shares. Royal Bank of Canada dropped their price objective on NMI from $48.00 to $47.00 and set an “outperform” rating for the company in a report on Thursday, November 7th. Barclays boosted their price target on shares of NMI from $43.00 to $48.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 8th. Keefe, Bruyette & Woods lifted their target price on shares of NMI from $43.00 to $44.00 and gave the stock a “market perform” rating in a report on Tuesday, December 10th. Finally, JPMorgan Chase & Co. cut their price target on NMI from $46.00 to $41.00 and set an “overweight” rating on the stock in a research note on Monday, December 9th.

Hedge Funds Weigh In On NMI

Several institutional investors and hedge funds have recently made changes to their positions in NMIH. GAMMA Investing LLC lifted its holdings in NMI by 57.2% during the third quarter. GAMMA Investing LLC now owns 728 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 265 shares in the last quarter. Quarry LP lifted its holdings in shares of NMI by 135.1% during the 2nd quarter. Quarry LP now owns 858 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 493 shares in the last quarter. Federated Hermes Inc. grew its position in shares of NMI by 1.8% in the 2nd quarter. Federated Hermes Inc. now owns 33,570 shares of the financial services provider’s stock valued at $1,143,000 after purchasing an additional 593 shares during the period. Diversified Trust Co increased its stake in NMI by 2.9% during the 3rd quarter. Diversified Trust Co now owns 28,567 shares of the financial services provider’s stock worth $1,177,000 after purchasing an additional 805 shares in the last quarter. Finally, Profund Advisors LLC raised its holdings in NMI by 11.9% during the 2nd quarter. Profund Advisors LLC now owns 7,775 shares of the financial services provider’s stock worth $265,000 after buying an additional 824 shares during the period. Institutional investors and hedge funds own 94.12% of the company’s stock.

NMI Stock Down 0.1 %

NASDAQ NMIH opened at $36.54 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.83 and a current ratio of 0.83. NMI has a 52 week low of $28.67 and a 52 week high of $42.49. The stock has a market capitalization of $2.89 billion, a P/E ratio of 8.36, a price-to-earnings-growth ratio of 0.92 and a beta of 1.10. The stock has a fifty day moving average of $38.72 and a 200-day moving average of $38.08.

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.