NMI (NASDAQ:NMIH) Stock Price Down 3.8% – What’s Next?

Shares of NMI Holdings, Inc. (NASDAQ:NMIH) fell 3.8% during trading on Monday . The stock traded as low as $35.41 and last traded at $35.50. 80,116 shares traded hands during trading, a decline of 65% from the average session volume of 226,617 shares. The stock had previously closed at $36.92.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on NMIH shares. Barclays lowered NMI from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $48.00 to $41.00 in a research note on Monday. Keefe, Bruyette & Woods upped their target price on shares of NMI from $43.00 to $44.00 and gave the stock a “market perform” rating in a research report on Tuesday, December 10th. JPMorgan Chase & Co. dropped their target price on NMI from $46.00 to $41.00 and set an “overweight” rating for the company in a research report on Monday, December 9th. Finally, Royal Bank of Canada reduced their target price on NMI from $48.00 to $47.00 and set an “outperform” rating on the stock in a report on Thursday, November 7th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $42.14.

NMI Stock Performance

The firm has a market capitalization of $2.84 billion, a price-to-earnings ratio of 8.20, a P/E/G ratio of 0.92 and a beta of 1.12. The stock’s fifty day moving average is $38.06 and its two-hundred day moving average is $38.35. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.19.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC increased its holdings in NMI by 57.2% in the 3rd quarter. GAMMA Investing LLC now owns 728 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 265 shares in the last quarter. Quarry LP boosted its position in NMI by 135.1% during the 2nd quarter. Quarry LP now owns 858 shares of the financial services provider’s stock worth $29,000 after buying an additional 493 shares during the period. USA Financial Formulas bought a new stake in NMI during the 3rd quarter worth approximately $57,000. Farther Finance Advisors LLC grew its stake in shares of NMI by 989.9% in the third quarter. Farther Finance Advisors LLC now owns 3,248 shares of the financial services provider’s stock worth $134,000 after purchasing an additional 2,950 shares during the last quarter. Finally, CWM LLC increased its holdings in NMI by 32.3% in the third quarter. CWM LLC now owns 3,936 shares of the financial services provider’s stock valued at $162,000 after purchasing an additional 962 shares during the period. 94.12% of the stock is currently owned by institutional investors and hedge funds.

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.