NMI (NASDAQ:NMIH) Stock Rating Lowered by StockNews.com

NMI (NASDAQ:NMIHGet Free Report) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Thursday.

Several other analysts have also weighed in on the stock. UBS Group began coverage on shares of NMI in a research note on Wednesday, December 6th. They set a “buy” rating and a $36.00 target price for the company. Truist Financial upped their price target on shares of NMI from $34.00 to $36.00 and gave the stock a “buy” rating in a research report on Thursday, February 15th. JPMorgan Chase & Co. increased their price objective on shares of NMI from $33.00 to $34.00 and gave the stock an “overweight” rating in a report on Thursday, February 15th. Finally, Royal Bank of Canada increased their price objective on shares of NMI from $31.00 to $33.00 and gave the stock a “sector perform” rating in a report on Thursday, February 15th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, NMI has an average rating of “Moderate Buy” and a consensus target price of $34.13.

Check Out Our Latest Analysis on NMI

NMI Stock Down 1.6 %

Shares of NASDAQ:NMIH opened at $30.82 on Thursday. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.21. The company has a fifty day simple moving average of $30.15 and a 200 day simple moving average of $28.85. The firm has a market cap of $2.48 billion, a PE ratio of 8.03, a price-to-earnings-growth ratio of 1.15 and a beta of 1.06. NMI has a 12-month low of $20.61 and a 12-month high of $32.50.

NMI (NASDAQ:NMIHGet Free Report) last released its earnings results on Wednesday, February 14th. The financial services provider reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.06. NMI had a net margin of 55.63% and a return on equity of 17.97%. The firm had revenue of $151.38 million during the quarter, compared to analyst estimates of $131.70 million. During the same quarter in the previous year, the firm earned $0.86 earnings per share. The firm’s revenue for the quarter was up 13.7% compared to the same quarter last year. On average, equities research analysts anticipate that NMI will post 4.04 EPS for the current fiscal year.

Insider Buying and Selling at NMI

In other NMI news, EVP Robert Owen Smith sold 3,000 shares of the firm’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $31.19, for a total transaction of $93,570.00. Following the transaction, the executive vice president now owns 82,612 shares of the company’s stock, valued at approximately $2,576,668.28. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, Chairman Bradley M. Shuster sold 6,559 shares of the firm’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $29.81, for a total transaction of $195,523.79. Following the completion of the transaction, the chairman now owns 453,298 shares in the company, valued at approximately $13,512,813.38. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Robert Owen Smith sold 3,000 shares of the firm’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $31.19, for a total transaction of $93,570.00. Following the transaction, the executive vice president now owns 82,612 shares of the company’s stock, valued at approximately $2,576,668.28. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 316,576 shares of company stock valued at $9,556,978. Company insiders own 2.70% of the company’s stock.

Hedge Funds Weigh In On NMI

Several large investors have recently made changes to their positions in the business. BlackRock Inc. boosted its position in shares of NMI by 1.3% during the 1st quarter. BlackRock Inc. now owns 13,781,315 shares of the financial services provider’s stock valued at $284,172,000 after purchasing an additional 182,001 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of NMI by 3.4% in the fourth quarter. Vanguard Group Inc. now owns 6,809,208 shares of the financial services provider’s stock worth $202,097,000 after buying an additional 225,364 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of NMI by 10.4% in the first quarter. Dimensional Fund Advisors LP now owns 4,441,230 shares of the financial services provider’s stock worth $99,171,000 after buying an additional 417,095 shares during the period. State Street Corp boosted its holdings in shares of NMI by 15.8% in the first quarter. State Street Corp now owns 4,053,585 shares of the financial services provider’s stock worth $83,585,000 after buying an additional 551,924 shares during the period. Finally, Macquarie Group Ltd. boosted its holdings in shares of NMI by 2.2% in the first quarter. Macquarie Group Ltd. now owns 3,833,170 shares of the financial services provider’s stock worth $85,595,000 after buying an additional 83,594 shares during the period. Institutional investors own 94.12% of the company’s stock.

NMI Company Profile

(Get Free Report)

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.

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Analyst Recommendations for NMI (NASDAQ:NMIH)

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