NMI Holdings (NASDAQ:NMIH) has received a consensus recommendation of “Buy” from the eleven research firms that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $20.71.
NMIH has been the subject of a number of research analyst reports. BTIG Research reiterated a “buy” rating and issued a $21.00 price target (up from $17.00) on shares of NMI in a research note on Wednesday, December 20th. BidaskClub lowered shares of NMI from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 30th. Zacks Investment Research lowered shares of NMI from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Deutsche Bank upgraded shares of NMI from a “hold” rating to a “buy” rating and boosted their target price for the company from $17.00 to $24.00 in a research report on Monday, January 8th. Finally, ValuEngine upgraded shares of NMI from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd.
A number of hedge funds and other institutional investors have recently made changes to their positions in NMIH. First Trust Advisors LP bought a new stake in NMI during the third quarter valued at approximately $525,000. SG Americas Securities LLC bought a new stake in NMI during the third quarter valued at approximately $156,000. Macquarie Group Ltd. bought a new stake in NMI during the third quarter valued at approximately $113,000. Citadel Advisors LLC bought a new stake in NMI during the third quarter valued at approximately $141,000. Finally, Wells Fargo & Company MN grew its position in NMI by 25.6% during the third quarter. Wells Fargo & Company MN now owns 776,721 shares of the financial services provider’s stock valued at $9,632,000 after buying an additional 158,400 shares during the period. Institutional investors own 83.93% of the company’s stock.
Shares of NMIH stock traded down $0.10 during trading hours on Friday, reaching $14.65. The company had a trading volume of 433,797 shares, compared to its average volume of 798,484. NMI has a one year low of $10.10 and a one year high of $21.92. The firm has a market capitalization of $931.58, a PE ratio of 25.70 and a beta of 0.87. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.28.
NMI (NASDAQ:NMIH) last announced its quarterly earnings results on Thursday, February 15th. The financial services provider reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.05. NMI had a net margin of 12.07% and a return on equity of 7.89%. The firm had revenue of $54.54 million during the quarter, compared to analyst estimates of $51.32 million. During the same period in the previous year, the business posted $0.04 earnings per share. The business’s revenue for the quarter was up 48.9% on a year-over-year basis. analysts anticipate that NMI will post 1.37 earnings per share for the current year.
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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.