NMI (NASDAQ:NMIH) was downgraded by research analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Wednesday, January 31st.
Other research analysts have also recently issued reports about the stock. Zacks Investment Research raised shares of NMI from a “hold” rating to a “strong-buy” rating and set a $15.00 price objective for the company in a report on Saturday, October 14th. Compass Point restated a “neutral” rating and set a $13.00 target price on shares of NMI in a research report on Saturday, October 14th. Singular Research began coverage on shares of NMI in a research report on Monday, October 16th. They set a “buy” rating and a $16.00 target price for the company. Deutsche Bank set a $16.00 price target on shares of NMI and gave the stock a “buy” rating in a research report on Wednesday, October 25th. Finally, Keefe, Bruyette & Woods restated a “buy” rating and set a $19.50 target price on shares of NMI in a research report on Friday, November 3rd. Eight investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $19.07.
Shares of NMI (NASDAQ:NMIH) traded up $0.15 during trading on Wednesday, reaching $18.20. 408,734 shares of the company’s stock traded hands, compared to its average volume of 487,837. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.24 and a quick ratio of 0.24. The stock has a market capitalization of $1,092.60, a PE ratio of 31.93 and a beta of 0.88. NMI has a twelve month low of $10.10 and a twelve month high of $20.38.
In other news, EVP Patrick L. Mathis sold 10,000 shares of the firm’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $16.99, for a total value of $169,900.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Claudia J. Merkle sold 15,000 shares of the firm’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $17.80, for a total transaction of $267,000.00. The disclosure for this sale can be found here. Company insiders own 5.40% of the company’s stock.
Several institutional investors have recently made changes to their positions in the stock. BlackRock Inc. raised its position in shares of NMI by 82.9% in the 4th quarter. BlackRock Inc. now owns 7,192,807 shares of the financial services provider’s stock valued at $122,278,000 after purchasing an additional 3,260,761 shares during the last quarter. Capital Research Global Investors raised its position in NMI by 72.5% during the 2nd quarter. Capital Research Global Investors now owns 3,481,202 shares of the financial services provider’s stock worth $39,860,000 after buying an additional 1,462,624 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of NMI by 15.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,812,446 shares of the financial services provider’s stock valued at $34,875,000 after purchasing an additional 367,394 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of NMI by 10.3% during the 2nd quarter. Vanguard Group Inc. now owns 2,569,591 shares of the financial services provider’s stock valued at $29,421,000 after purchasing an additional 239,387 shares in the last quarter. Finally, FMR LLC increased its holdings in shares of NMI by 7.8% during the 2nd quarter. FMR LLC now owns 2,488,937 shares of the financial services provider’s stock valued at $28,499,000 after purchasing an additional 180,126 shares in the last quarter. 83.60% of the stock is owned by hedge funds and other institutional investors.
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NMI Company Profile
NMI Holdings, Inc (NMIH) provides private mortgage guaranty insurance through its insurance subsidiaries. The Company’s primary insurance subsidiary, National Mortgage Insurance Corporation (NMIC), is a mortgage insurance (MI) provider on loans purchased by the Government-sponsored enterprises (GSEs).
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