NMI Holdings, Inc. (NASDAQ:NMIH) Receives Average Recommendation of “Moderate Buy” from Analysts

NMI Holdings, Inc. (NASDAQ:NMIH) has received an average recommendation of “Moderate Buy” from the seven brokerages that are currently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $43.14.

A number of equities research analysts have recently weighed in on the company. Keefe, Bruyette & Woods boosted their target price on NMI from $43.00 to $44.00 and gave the stock a “market perform” rating in a research report on Tuesday, December 10th. Royal Bank of Canada cut their target price on shares of NMI from $48.00 to $47.00 and set an “outperform” rating on the stock in a research report on Thursday, November 7th. Barclays lifted their price target on shares of NMI from $43.00 to $48.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th. Finally, JPMorgan Chase & Co. cut their price objective on shares of NMI from $46.00 to $41.00 and set an “overweight” rating on the stock in a report on Monday, December 9th.

Institutional Investors Weigh In On NMI

Several large investors have recently bought and sold shares of NMIH. Jane Street Group LLC boosted its position in shares of NMI by 64.2% during the third quarter. Jane Street Group LLC now owns 139,173 shares of the financial services provider’s stock worth $5,733,000 after purchasing an additional 54,391 shares in the last quarter. Algert Global LLC lifted its holdings in NMI by 88.9% during the third quarter. Algert Global LLC now owns 142,141 shares of the financial services provider’s stock worth $5,855,000 after acquiring an additional 66,880 shares in the last quarter. Edgestream Partners L.P. grew its stake in NMI by 13.1% in the second quarter. Edgestream Partners L.P. now owns 172,794 shares of the financial services provider’s stock valued at $5,882,000 after acquiring an additional 20,048 shares during the period. Panagora Asset Management Inc. increased its holdings in shares of NMI by 5.8% in the second quarter. Panagora Asset Management Inc. now owns 526,287 shares of the financial services provider’s stock worth $17,915,000 after acquiring an additional 29,040 shares in the last quarter. Finally, Citigroup Inc. raised its position in shares of NMI by 95.4% during the third quarter. Citigroup Inc. now owns 129,180 shares of the financial services provider’s stock worth $5,321,000 after purchasing an additional 63,058 shares during the period. Institutional investors own 94.12% of the company’s stock.

NMI Stock Performance

NMIH stock opened at $36.99 on Friday. The company has a 50 day moving average price of $38.64 and a 200 day moving average price of $38.10. NMI has a fifty-two week low of $28.67 and a fifty-two week high of $42.49. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.83 and a quick ratio of 0.83. The stock has a market capitalization of $2.93 billion, a PE ratio of 8.46, a price-to-earnings-growth ratio of 0.92 and a beta of 1.10.

About NMI

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.