NMI Holdings, Inc. (NASDAQ:NMIH) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of NMI Holdings, Inc. (NASDAQ:NMIH) have earned a consensus recommendation of “Moderate Buy” from the seven ratings firms that are covering the company, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $43.14.

NMIH has been the subject of several research analyst reports. JPMorgan Chase & Co. cut their target price on shares of NMI from $46.00 to $41.00 and set an “overweight” rating for the company in a research note on Monday, December 9th. Keefe, Bruyette & Woods raised their price objective on NMI from $43.00 to $44.00 and gave the company a “market perform” rating in a research report on Tuesday, December 10th. Barclays boosted their target price on NMI from $43.00 to $48.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th. Finally, Royal Bank of Canada cut their price target on NMI from $48.00 to $47.00 and set an “outperform” rating for the company in a report on Thursday, November 7th.

NMI Trading Up 0.7 %

Shares of NMIH opened at $37.26 on Friday. The firm has a market cap of $2.95 billion, a P/E ratio of 8.53, a price-to-earnings-growth ratio of 0.92 and a beta of 1.10. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.83 and a quick ratio of 0.83. NMI has a 1 year low of $28.67 and a 1 year high of $42.49. The company has a 50 day simple moving average of $38.46 and a two-hundred day simple moving average of $38.12.

Institutional Investors Weigh In On NMI

Several hedge funds and other institutional investors have recently modified their holdings of the business. GAMMA Investing LLC grew its position in NMI by 57.2% in the 3rd quarter. GAMMA Investing LLC now owns 728 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 265 shares during the last quarter. Quarry LP increased its stake in NMI by 135.1% in the 2nd 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. lifted its holdings in NMI by 1.8% during the 2nd 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 lifted its holdings in NMI by 2.9% during the 3rd 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 in the last quarter. Finally, Profund Advisors LLC boosted its position in NMI by 11.9% in the 2nd 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. 94.12% of the stock is currently owned by hedge funds and other institutional investors.

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.