Keefe, Bruyette & Woods Issues Pessimistic Forecast for NMI (NASDAQ:NMIH) Stock Price

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

Several other equities research analysts have also commented on NMIH. JPMorgan Chase & Co. decreased their target price 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. Barclays downgraded shares of NMI from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $48.00 to $41.00 in a report on Monday, January 6th. Finally, Royal Bank of Canada dropped their target price on shares of NMI from $48.00 to $47.00 and set an “outperform” rating for the company in a report on Thursday, November 7th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $42.00.

NMI Stock Down 2.3 %

NMI stock opened at $34.86 on Wednesday. The stock’s 50 day moving average price is $37.76 and its 200 day moving average price is $38.39. NMI has a 1-year low of $28.67 and a 1-year high of $42.49. The company has a market cap of $2.76 billion, a PE ratio of 7.98, a price-to-earnings-growth ratio of 0.92 and a beta of 1.12. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.83 and a quick ratio of 0.83.

Hedge Funds Weigh In On NMI

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Natixis Advisors LLC raised its holdings in shares of NMI by 4.8% in the second quarter. Natixis Advisors LLC now owns 33,600 shares of the financial services provider’s stock worth $1,144,000 after acquiring an additional 1,527 shares during the last quarter. TD Asset Management Inc increased its position in NMI by 5.6% during the 2nd quarter. TD Asset Management Inc now owns 94,200 shares of the financial services provider’s stock worth $3,207,000 after purchasing an additional 5,000 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in NMI in the 2nd quarter valued at about $175,000. Texas Permanent School Fund Corp lifted its holdings in NMI by 18.2% in the 2nd quarter. Texas Permanent School Fund Corp now owns 83,900 shares of the financial services provider’s stock valued at $2,856,000 after purchasing an additional 12,939 shares in the last quarter. Finally, American Century Companies Inc. boosted its stake in shares of NMI by 18.4% during the 2nd 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 last quarter. Institutional investors and hedge funds 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.