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

Shares of NMI Holdings, Inc. (NASDAQ:NMIH) have been given a consensus rating of “Moderate Buy” by the seven research firms that are presently covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $43.29.

Several research analysts recently issued reports on NMIH shares. StockNews.com downgraded NMI from a “buy” rating to a “hold” rating in a research report on Wednesday, August 21st. 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. JPMorgan Chase & Co. increased their price objective on NMI from $42.00 to $46.00 and gave the company an “overweight” rating in a research note on Monday, October 7th. Barclays boosted their target price on shares of NMI from $43.00 to $48.00 and gave the company an “overweight” rating in a research note on Tuesday, October 8th. Finally, Truist Financial lifted their price target on shares of NMI from $37.00 to $47.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st.

Insider Buying and Selling

In related news, insider William J. Leatherberry sold 3,000 shares of the stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $40.07, for a total value of $120,210.00. Following the transaction, the insider now directly owns 153,689 shares of the company’s stock, valued at approximately $6,158,318.23. This trade represents a 1.91 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.70% of the company’s stock.

Institutional Investors Weigh In On NMI

A number of institutional investors have recently added to or reduced their stakes in the company. Virtu Financial LLC purchased a new stake in NMI during the third quarter worth approximately $380,000. Hohimer Wealth Management LLC acquired a new position in shares of NMI during the 3rd quarter valued at $236,000. Barclays PLC boosted its position in NMI by 264.4% during the 3rd quarter. Barclays PLC now owns 386,999 shares of the financial services provider’s stock worth $15,940,000 after purchasing an additional 280,809 shares during the period. XTX Topco Ltd acquired a new stake in NMI in the 3rd quarter valued at $568,000. Finally, iSAM Funds UK Ltd purchased a new position in NMI in the third quarter valued at about $350,000. Hedge funds and other institutional investors own 94.12% of the company’s stock.

NMI Stock Performance

Shares of NMIH opened at $38.73 on Monday. NMI has a 12-month low of $27.00 and a 12-month high of $42.49. The stock has a market cap of $3.06 billion, a P/E ratio of 8.86, a PEG ratio of 0.93 and a beta of 1.13. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.19. The company has a 50-day moving average of $39.69 and a two-hundred day moving average of $37.28.

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.