NMI Holdings, Inc. (NASDAQ:NMIH) Given Average Rating of “Moderate Buy” by Analysts

NMI Holdings, Inc. (NASDAQ:NMIH) has received an average rating of “Moderate Buy” from the seven research firms that are currently covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $43.29.

Several research firms have weighed in on NMIH. JPMorgan Chase & Co. boosted their price target on NMI from $42.00 to $46.00 and gave the company an “overweight” rating in a research note on Monday, October 7th. Royal Bank of Canada lowered their target price on NMI from $48.00 to $47.00 and set an “outperform” rating on the stock in a research note on Thursday, November 7th. StockNews.com downgraded NMI from a “buy” rating to a “hold” rating in a research note on Wednesday, August 21st. Finally, Barclays upped their target price on NMI from $43.00 to $48.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 8th.

Hedge Funds Weigh In On NMI

A number of hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in NMI by 5.3% during the first quarter. Vanguard Group Inc. now owns 7,168,138 shares of the financial services provider’s stock worth $231,818,000 after purchasing an additional 358,930 shares in the last quarter. State Street Corp boosted its position in NMI by 1.0% during the third quarter. State Street Corp now owns 3,565,348 shares of the financial services provider’s stock worth $146,857,000 after purchasing an additional 35,351 shares in the last quarter. Van Berkom & Associates Inc. boosted its position in NMI by 2.1% during the second quarter. Van Berkom & Associates Inc. now owns 2,451,743 shares of the financial services provider’s stock worth $83,457,000 after purchasing an additional 51,194 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in NMI by 38.0% during the third quarter. Assenagon Asset Management S.A. now owns 1,942,428 shares of the financial services provider’s stock worth $80,009,000 after purchasing an additional 534,818 shares in the last quarter. Finally, American Century Companies Inc. raised its holdings in shares of NMI by 18.4% during the second quarter. American Century Companies Inc. now owns 1,617,601 shares of the financial services provider’s stock valued at $55,063,000 after acquiring an additional 251,664 shares during the last quarter. Hedge funds and other institutional investors own 94.12% of the company’s stock.

NMI Stock Down 0.1 %

NMI stock opened at $39.99 on Monday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.83 and a current ratio of 0.83. The business’s 50-day simple moving average is $39.55 and its two-hundred day simple moving average is $37.53. The company has a market cap of $3.16 billion, a PE ratio of 9.15, a PEG ratio of 0.98 and a beta of 1.13. NMI has a fifty-two week low of $27.25 and a fifty-two week high of $42.49.

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.