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

NMI Holdings, Inc. (NASDAQ:NMIH) has been assigned a consensus recommendation of “Moderate Buy” from the seven ratings firms that are currently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $42.00.

A number of brokerages have commented on NMIH. JPMorgan Chase & Co. dropped their price objective on shares of NMI from $46.00 to $41.00 and set an “overweight” rating on the stock in a research report on Monday, December 9th. Keefe, Bruyette & Woods cut their price target on NMI from $44.00 to $43.00 and set a “market perform” rating on the stock in a research note on Wednesday, January 8th. Barclays cut NMI from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $48.00 to $41.00 in a research report on Monday, January 6th. Finally, Royal Bank of Canada cut their target price on NMI from $48.00 to $47.00 and set an “outperform” rating on the stock in a research report on Thursday, November 7th.

Institutional Investors Weigh In On NMI

Hedge funds have recently added to or reduced their stakes in the company. Quarry LP raised its position in 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 acquiring an additional 493 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of 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 purchasing an additional 265 shares in the last quarter. USA Financial Formulas acquired a new stake in shares of NMI in the third quarter valued at about $57,000. Farther Finance Advisors LLC boosted its holdings in NMI by 989.9% during the third quarter. Farther Finance Advisors LLC now owns 3,248 shares of the financial services provider’s stock worth $134,000 after buying an additional 2,950 shares in the last quarter. Finally, CWM LLC grew its position in NMI by 32.3% during the third quarter. CWM LLC now owns 3,936 shares of the financial services provider’s stock worth $162,000 after buying an additional 962 shares during the period. Institutional investors and hedge funds own 94.12% of the company’s stock.

NMI Stock Up 0.6 %

Shares of NMIH opened at $37.72 on Tuesday. The company’s 50-day simple moving average is $37.66 and its 200-day simple moving average is $38.53. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.83 and a current ratio of 0.83. NMI has a 1 year low of $28.73 and a 1 year high of $42.49. The stock has a market capitalization of $2.98 billion, a PE ratio of 8.63, a P/E/G ratio of 0.82 and a beta of 1.12.

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.