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

Shares of NMI Holdings, Inc. (NASDAQ:NMIHGet Rating) have received a consensus recommendation of “Hold” from the ten research firms that are currently covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year target price among brokers that have covered the stock in the last year is $25.25.

A number of research firms have recently commented on NMIH. Credit Suisse Group dropped their price objective on NMI to $28.00 in a report on Thursday, October 13th. Barclays downgraded NMI from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $31.00 to $25.00 in a research note on Friday, January 6th. JPMorgan Chase & Co. dropped their price target on NMI from $27.00 to $26.00 in a research note on Tuesday, January 10th. StockNews.com began coverage on NMI in a research note on Wednesday, October 12th. They set a “buy” rating on the stock. Finally, BTIG Research downgraded NMI from a “buy” rating to a “neutral” rating and set a $24.00 price target on the stock. in a research note on Tuesday, December 6th.

NMI Price Performance

Shares of NASDAQ NMIH opened at $22.06 on Friday. NMI has a 1-year low of $15.33 and a 1-year high of $27.25. The company has a market cap of $1.84 billion, a price-to-earnings ratio of 6.85 and a beta of 1.28. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.75 and a quick ratio of 0.75. The stock’s 50-day moving average is $20.74 and its two-hundred day moving average is $20.47.

NMI (NASDAQ:NMIHGet Rating) last released its quarterly earnings data on Tuesday, November 1st. The financial services provider reported $0.90 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.08. NMI had a return on equity of 18.34% and a net margin of 54.43%. The business had revenue of $130.58 million for the quarter, compared to the consensus estimate of $134.44 million. Analysts forecast that NMI will post 3.38 EPS for the current fiscal year.

Institutional Trading of NMI

A number of hedge funds have recently added to or reduced their stakes in NMIH. River Road Asset Management LLC acquired a new stake in NMI during the 3rd quarter worth approximately $24,945,000. Assenagon Asset Management S.A. lifted its position in NMI by 518.4% during the 2nd quarter. Assenagon Asset Management S.A. now owns 1,055,896 shares of the financial services provider’s stock worth $17,581,000 after acquiring an additional 885,137 shares during the period. State Street Corp lifted its holdings in shares of NMI by 15.8% in the 1st quarter. State Street Corp now owns 4,053,585 shares of the financial services provider’s stock valued at $83,585,000 after buying an additional 551,924 shares during the period. TD Asset Management Inc. lifted its holdings in shares of NMI by 81.5% in the 3rd quarter. TD Asset Management Inc. now owns 1,169,791 shares of the financial services provider’s stock valued at $23,887,000 after buying an additional 525,175 shares during the period. Finally, Epoch Investment Partners Inc. lifted its holdings in shares of NMI by 81.5% in the 3rd quarter. Epoch Investment Partners Inc. now owns 1,169,791 shares of the financial services provider’s stock valued at $23,829,000 after buying an additional 525,175 shares during the period. 97.15% of the stock is owned by institutional investors and hedge funds.

NMI Company Profile

(Get Rating)

NMI Holdings, Inc provides private mortgage guaranty insurance services in the United States. The company offers mortgage insurance services; 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.

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Analyst Recommendations for NMI (NASDAQ:NMIH)

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