NMI Holdings Inc (NMIH) Given Average Rating of “Buy” by Brokerages

NMI Holdings Inc (NASDAQ:NMIH) has earned an average recommendation of “Buy” from the thirteen brokerages that are currently covering the stock, Marketbeat reports. Eleven equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $24.70.

A number of research firms recently issued reports on NMIH. Barclays set a $27.00 price objective on NMI and gave the company a “buy” rating in a research report on Friday, December 14th. ValuEngine lowered NMI from a “buy” rating to a “hold” rating in a research report on Tuesday, November 20th. JPMorgan Chase & Co. began coverage on NMI in a research report on Tuesday, December 11th. They set an “overweight” rating and a $25.00 price objective for the company. BidaskClub upgraded NMI from a “hold” rating to a “buy” rating in a research report on Friday, January 25th. Finally, Zacks Investment Research upgraded NMI from a “hold” rating to a “strong-buy” rating and set a $24.00 price objective for the company in a research report on Friday, November 2nd.

Hedge funds have recently made changes to their positions in the business. American Century Companies Inc. boosted its position in NMI by 76.0% during the 3rd quarter. American Century Companies Inc. now owns 597,894 shares of the financial services provider’s stock worth $13,542,000 after acquiring an additional 258,159 shares during the period. Invictus RG acquired a new position in NMI during the 3rd quarter worth $281,000. Prudential Financial Inc. boosted its position in NMI by 10.0% during the 3rd quarter. Prudential Financial Inc. now owns 106,845 shares of the financial services provider’s stock worth $2,420,000 after acquiring an additional 9,710 shares during the period. Schwab Charles Investment Management Inc. boosted its position in NMI by 10.6% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 314,820 shares of the financial services provider’s stock worth $5,132,000 after acquiring an additional 30,196 shares during the period. Finally, Hartford Investment Management Co. acquired a new position in NMI during the 3rd quarter worth $286,000. Institutional investors own 90.75% of the company’s stock.

NASDAQ:NMIH traded up $0.03 during midday trading on Thursday, reaching $21.98. 177,837 shares of the company traded hands, compared to its average volume of 361,932. NMI has a twelve month low of $13.35 and a twelve month high of $24.50. The firm has a market capitalization of $1.46 billion, a P/E ratio of 38.56 and a beta of 1.26. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.29 and a quick ratio of 0.29.

NMI Company Profile

NMI Holdings, Inc, through its subsidiaries, provides private mortgage guaranty insurance services in the United States. The company offers mortgage insurance; reinsurance on loans; 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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