Keefe, Bruyette & Woods Lowers NMI (NASDAQ:NMIH) Price Target to $43.00

NMI (NASDAQ:NMIH) had its price objective decreased by investment analysts at Keefe, Bruyette & Woods from $44.00 to $43.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has a “market perform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ target price points to a potential upside of 20.52% from the company’s previous close.

Other equities research analysts have also recently issued reports about the stock. Barclays cut shares of NMI from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $48.00 to $41.00 in a research report on Monday. Royal Bank of Canada decreased their target price on NMI from $48.00 to $47.00 and set an “outperform” rating for the company in a research report on Thursday, November 7th. Finally, JPMorgan Chase & Co. cut their price target on NMI from $46.00 to $41.00 and set an “overweight” rating on the stock in a research report on Monday, December 9th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, NMI has a consensus rating of “Moderate Buy” and an average price target of $42.00.

NMI Stock Performance

Shares of NMI stock opened at $35.68 on Wednesday. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.19. NMI has a 52 week low of $28.67 and a 52 week high of $42.49. The firm’s 50 day moving average is $37.86 and its two-hundred day moving average is $38.40. The firm has a market capitalization of $2.82 billion, a P/E ratio of 8.16, a P/E/G ratio of 0.92 and a beta of 1.12.

Institutional Investors Weigh In On NMI

Several large investors have recently modified their holdings of the stock. Legend Financial Advisors Inc. increased its stake in NMI by 6.3% in the 4th quarter. Legend Financial Advisors Inc. now owns 18,684 shares of the financial services provider’s stock valued at $687,000 after buying an additional 1,108 shares during the period. Diversified Trust Co boosted its holdings in shares of NMI by 11.8% in the fourth quarter. Diversified Trust Co now owns 31,940 shares of the financial services provider’s stock valued at $1,174,000 after acquiring an additional 3,373 shares in the last quarter. CWA Asset Management Group LLC increased its stake in shares of NMI by 25.7% during the fourth quarter. CWA Asset Management Group LLC now owns 25,026 shares of the financial services provider’s stock worth $920,000 after acquiring an additional 5,118 shares during the period. JPMorgan Chase & Co. lifted its position in NMI by 3.3% in the third quarter. JPMorgan Chase & Co. now owns 775,804 shares of the financial services provider’s stock valued at $31,955,000 after purchasing an additional 24,838 shares during the period. Finally, Franklin Resources Inc. boosted its holdings in NMI by 1.5% in the 3rd quarter. Franklin Resources Inc. now owns 98,150 shares of the financial services provider’s stock valued at $4,024,000 after purchasing an additional 1,442 shares in the last quarter. Hedge funds and other institutional investors own 94.12% of the company’s stock.

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.