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

Shares of NMI Holdings, Inc. (NASDAQ:NMIH – Get 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:NMIH – Get 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

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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.