NMI Holdings, Inc. (NASDAQ:NMIH) Receives $25.25 Average PT from Analysts

NMI Holdings, Inc. (NASDAQ:NMIHGet Rating) has earned an average recommendation of “Hold” from the ten brokerages that are presently covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $25.25.

Several equities research analysts recently issued reports on NMIH shares. Citigroup raised their target price on shares of NMI from $24.00 to $26.00 and gave the stock a “buy” rating in a report on Thursday, November 3rd. Keefe, Bruyette & Woods cut shares of NMI from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $25.00 to $23.00 in a research note on Sunday, October 16th. Barclays cut shares of 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. StockNews.com began coverage on shares of NMI in a research note on Wednesday, October 12th. They set a “buy” rating on the stock. Finally, BTIG Research cut shares of 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 Trading Up 1.5 %

Shares of NMIH stock opened at $22.06 on Friday. NMI has a 12-month low of $15.33 and a 12-month high of $27.25. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.26. The firm’s 50 day moving average is $20.74 and its 200 day moving average is $20.47. The stock has a market capitalization of $1.84 billion, a P/E ratio of 6.85 and a beta of 1.28.

NMI (NASDAQ:NMIHGet Rating) last issued its earnings results on Tuesday, November 1st. The financial services provider reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.08. NMI had a net margin of 54.43% and a return on equity of 18.34%. The company had revenue of $130.58 million for the quarter, compared to analysts’ expectations of $134.44 million. Research analysts expect that NMI will post 3.38 earnings per share for the current year.

Institutional Trading of NMI

Several institutional investors and hedge funds have recently modified their holdings of NMIH. Citigroup Inc. raised its position in shares of NMI by 11.0% during the 1st quarter. Citigroup Inc. now owns 75,317 shares of the financial services provider’s stock valued at $1,554,000 after purchasing an additional 7,439 shares during the period. PNC Financial Services Group Inc. increased its holdings in NMI by 15.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 5,738 shares of the financial services provider’s stock valued at $118,000 after acquiring an additional 774 shares during the last quarter. Natixis Advisors L.P. bought a new stake in NMI in the 1st quarter valued at $352,000. Bank of Montreal Can increased its holdings in NMI by 61.1% in the 1st quarter. Bank of Montreal Can now owns 39,481 shares of the financial services provider’s stock valued at $848,000 after acquiring an additional 14,975 shares during the last quarter. Finally, MetLife Investment Management LLC increased its holdings in NMI by 55.1% in the 1st quarter. MetLife Investment Management LLC now owns 46,887 shares of the financial services provider’s stock valued at $967,000 after acquiring an additional 16,650 shares during the last quarter. 97.15% of the stock is currently owned by institutional investors.

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.

Further Reading

Analyst Recommendations for NMI (NASDAQ:NMIH)

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