NMI (NASDAQ:NMIH) Lowered to Equal Weight Rating by Barclays

NMI (NASDAQ:NMIH) was downgraded by stock analysts at Barclays from an “overweight” rating to an “equal weight” rating in a note issued to investors on Monday,Briefing.com Automated Import reports. They presently have a $41.00 price objective on the financial services provider’s stock, down from their previous price objective of $48.00. Barclays‘s price target suggests a potential upside of 11.05% from the company’s previous close.

Several other research analysts have also recently weighed in on NMIH. 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 note on Thursday, November 7th. JPMorgan Chase & Co. reduced their price objective on shares of NMI from $46.00 to $41.00 and set an “overweight” rating for the company in a research report on Monday, December 9th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of NMI from $43.00 to $44.00 and gave the stock a “market perform” rating in a report on Tuesday, December 10th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $42.14.

NMI Stock Performance

Shares of NASDAQ NMIH opened at $36.92 on Monday. NMI has a 1 year low of $28.67 and a 1 year high of $42.49. The firm has a market cap of $2.92 billion, a P/E ratio of 8.45, a PEG ratio of 0.92 and a beta of 1.12. The stock has a fifty day moving average price of $38.06 and a two-hundred day moving average price of $38.35. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.83 and a current ratio of 0.83.

Institutional Investors Weigh In On NMI

Large investors have recently made changes to their positions in the company. GAMMA Investing LLC boosted its stake 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 during the period. Quarry LP boosted its position in shares of NMI by 135.1% in the second 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. Federated Hermes Inc. grew its holdings in shares of NMI by 1.8% during the second quarter. Federated Hermes Inc. now owns 33,570 shares of the financial services provider’s stock valued at $1,143,000 after buying an additional 593 shares in the last quarter. Diversified Trust Co raised its position in NMI by 2.9% during the third quarter. Diversified Trust Co now owns 28,567 shares of the financial services provider’s stock valued at $1,177,000 after buying an additional 805 shares during the period. Finally, Profund Advisors LLC raised its position in NMI by 11.9% during the second quarter. Profund Advisors LLC now owns 7,775 shares of the financial services provider’s stock valued at $265,000 after buying an additional 824 shares during the period. Institutional investors and hedge funds own 94.12% of the company’s stock.

NMI Company Profile

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.