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

Shares of NMI Holdings, Inc. (NASDAQ:NMIH) have been given a consensus rating of “Moderate Buy” by the seven brokerages that are presently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $42.29.

NMIH has been the subject of several analyst reports. Keefe, Bruyette & Woods raised NMI from a “market perform” rating to an “outperform” rating and set a $43.00 target price for the company in a research note on Monday, February 24th. JPMorgan Chase & Co. lowered their price objective on NMI from $46.00 to $41.00 and set an “overweight” rating for the company in a research report on Monday, December 9th. Barclays cut shares of NMI from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $48.00 to $41.00 in a report on Monday, January 6th. Finally, UBS Group lowered their price target on shares of NMI from $42.00 to $41.00 and set a “neutral” rating for the company in a report on Wednesday, February 19th.

NMI Trading Down 1.5 %

Shares of NMIH stock opened at $36.00 on Friday. NMI has a fifty-two week low of $29.05 and a fifty-two week high of $42.49. The company has a 50 day moving average price of $36.41 and a 200 day moving average price of $37.96. The stock has a market capitalization of $2.82 billion, a P/E 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 quick ratio of 0.83 and a current ratio of 0.60.

NMI (NASDAQ:NMIH) last issued its quarterly earnings results on Wednesday, February 12th. The financial services provider reported $1.07 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%. Equities research analysts predict that NMI will post 4.62 EPS for the current fiscal year.

Insider Activity at NMI

In other NMI news, EVP Mohammad Nawaz Yousaf sold 1,083 shares of the firm’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $35.44, for a total transaction of $38,381.52. Following the transaction, the executive vice president now owns 49,218 shares of the company’s stock, valued at approximately $1,744,285.92. This trade represents a 2.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Norman Peter Fitzgerald sold 20,000 shares of the business’s stock in a transaction dated 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 sale, the executive vice president now directly owns 37,470 shares of the company’s stock, valued at $1,344,423.60. The trade was a 34.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.70% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On NMI

Several large investors have recently modified their holdings of NMIH. Vanguard Group Inc. increased its holdings in shares of NMI by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 7,158,877 shares of the financial services provider’s stock valued at $263,160,000 after acquiring an additional 39,503 shares during the period. State Street Corp increased its stake in NMI by 1.0% in the third quarter. State Street Corp now owns 3,565,348 shares of the financial services provider’s stock valued at $146,857,000 after purchasing an additional 35,351 shares during the period. American Century Companies Inc. raised its holdings in shares of NMI by 8.0% in the fourth quarter. American Century Companies Inc. now owns 1,957,179 shares of the financial services provider’s stock valued at $71,946,000 after buying an additional 145,591 shares during the last quarter. FMR LLC boosted its stake in shares of NMI by 7.6% during the third quarter. FMR LLC now owns 1,517,092 shares of the financial services provider’s stock worth $62,489,000 after buying an additional 107,771 shares during the period. Finally, Donald Smith & CO. Inc. grew its holdings in shares of NMI by 34.8% during the fourth quarter. Donald Smith & CO. Inc. now owns 1,307,868 shares of the financial services provider’s stock worth $48,077,000 after buying an additional 337,996 shares during the last quarter. 94.12% of the stock is owned by institutional investors and hedge funds.

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.