NMI Holdings, Inc. (NASDAQ:NMIH – Get Rating) has earned an average rating of “Hold” from the ten analysts that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $30.50.
Several research analysts have recently commented on the company. Barclays lifted their price target on NMI from $35.00 to $41.00 and gave the stock an “overweight” rating in a report on Monday, January 10th. BTIG Research reduced their price objective on shares of NMI from $30.00 to $27.00 in a report on Tuesday, April 12th. StockNews.com began coverage on shares of NMI in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Keefe, Bruyette & Woods lowered shares of NMI from an “outperform” rating to a “market perform” rating and boosted their price objective for the company from $26.50 to $27.50 in a report on Thursday, February 17th. Finally, Zacks Investment Research lowered shares of NMI from a “hold” rating to a “sell” rating and set a $23.00 price objective on the stock. in a report on Tuesday, January 4th.
NASDAQ NMIH opened at $19.90 on Wednesday. NMI has a 52 week low of $18.17 and a 52 week high of $27.25. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.54 and a current ratio of 0.54. The business’s fifty day moving average is $21.58. The stock has a market cap of $1.71 billion, a price-to-earnings ratio of 7.54 and a beta of 1.53.
In other news, COO Patrick L. Mathis sold 68,493 shares of the business’s stock in a transaction dated Wednesday, February 16th. The stock was sold at an average price of $26.08, for a total transaction of $1,786,297.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.50% of the stock is owned by corporate insiders.
Several institutional investors have recently made changes to their positions in the company. Lincoln Capital Corp grew its position in shares of NMI by 1.2% during the first quarter. Lincoln Capital Corp now owns 175,338 shares of the financial services provider’s stock worth $3,615,000 after buying an additional 2,132 shares in the last quarter. Unison Advisors LLC acquired a new position in NMI in the first quarter valued at approximately $353,000. Frontier Capital Management Co. LLC boosted its holdings in NMI by 27.8% in the first quarter. Frontier Capital Management Co. LLC now owns 2,696,215 shares of the financial services provider’s stock valued at $55,596,000 after purchasing an additional 586,011 shares in the last quarter. Wedge Capital Management L L P NC boosted its holdings in NMI by 0.5% in the first quarter. Wedge Capital Management L L P NC now owns 835,599 shares of the financial services provider’s stock valued at $17,230,000 after purchasing an additional 3,936 shares in the last quarter. Finally, Muhlenkamp & Co. Inc. boosted its holdings in NMI by 0.7% in the first quarter. Muhlenkamp & Co. Inc. now owns 333,281 shares of the financial services provider’s stock valued at $6,872,000 after purchasing an additional 2,411 shares in the last quarter. 92.50% of the stock is owned by institutional investors and hedge funds.
About NMI (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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