NMI (NASDAQ:NMIH) Given New $41.00 Price Target at Barclays

NMI (NASDAQ:NMIH) had its price target lifted by research analysts at Barclays from $40.00 to $41.00 in a research report issued on Tuesday, Benzinga reports. The firm presently has an “overweight” rating on the financial services provider’s stock. Barclays‘s price objective indicates a potential upside of 17.75% from the stock’s current price.

A number of other research analysts have also commented on NMIH. Keefe, Bruyette & Woods upped their price target on shares of NMI from $33.00 to $36.00 and gave the company a “market perform” rating in a research note on Thursday, April 4th. StockNews.com upgraded shares of NMI from a “hold” rating to a “buy” rating in a research note on Wednesday, June 19th. Compass Point increased their target price on shares of NMI from $33.00 to $36.00 and gave the stock a “buy” rating in a research report on Tuesday, May 7th. JPMorgan Chase & Co. increased their target price on shares of NMI from $36.00 to $40.00 and gave the stock an “overweight” rating in a research report on Monday. Finally, UBS Group lowered shares of NMI from a “buy” rating to a “neutral” rating and increased their target price for the stock from $37.00 to $39.00 in a research report on Wednesday, May 22nd. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, NMI presently has a consensus rating of “Moderate Buy” and an average target price of $36.44.

NMI Stock Up 1.4 %

Shares of NMIH opened at $34.82 on Tuesday. NMI has a 52 week low of $25.62 and a 52 week high of $34.82. The firm has a market cap of $2.80 billion, a P/E ratio of 8.62, a price-to-earnings-growth ratio of 1.16 and a beta of 1.09. The firm’s 50-day simple moving average is $33.24 and its 200 day simple moving average is $31.32. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.89 and a current ratio of 0.89.

NMI (NASDAQ:NMIH) last announced its quarterly earnings results on Tuesday, April 30th. The financial services provider reported $1.08 EPS for the quarter, beating analysts’ consensus estimates of $0.96 by $0.12. NMI had a net margin of 56.26% and a return on equity of 18.09%. The business had revenue of $156.25 million for the quarter, compared to analyst estimates of $133.76 million. During the same quarter in the prior year, the business earned $0.88 EPS. NMI’s quarterly revenue was up 14.2% on a year-over-year basis. On average, analysts forecast that NMI will post 4.24 earnings per share for the current year.

Institutional Trading of NMI

Several large investors have recently made changes to their positions in the company. Hancock Whitney Corp boosted its position in shares of NMI by 1.6% during the 1st quarter. Hancock Whitney Corp now owns 22,098 shares of the financial services provider’s stock worth $715,000 after acquiring an additional 346 shares in the last quarter. Quadrant Capital Group LLC lifted its stake in NMI by 6.1% in the 4th quarter. Quadrant Capital Group LLC now owns 6,071 shares of the financial services provider’s stock valued at $180,000 after purchasing an additional 350 shares during the last quarter. Illinois Municipal Retirement Fund lifted its stake in NMI by 0.8% in the 4th quarter. Illinois Municipal Retirement Fund now owns 48,423 shares of the financial services provider’s stock valued at $1,437,000 after purchasing an additional 388 shares during the last quarter. Cerity Partners LLC lifted its stake in NMI by 5.9% in the 4th quarter. Cerity Partners LLC now owns 11,567 shares of the financial services provider’s stock valued at $343,000 after purchasing an additional 644 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in NMI by 3.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,692 shares of the financial services provider’s stock valued at $555,000 after purchasing an additional 663 shares during the last quarter. 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.