BidaskClub upgraded shares of NMI (NASDAQ:NMIH) from a buy rating to a strong-buy rating in a report released on Thursday, January 18th.
A number of other equities analysts also recently issued reports on NMIH. ValuEngine downgraded NMI from a buy rating to a hold rating in a research report on Monday, October 2nd. Compass Point lifted their target price on NMI from $13.00 to $16.00 and gave the stock a neutral rating in a report on Thursday, November 2nd. Singular Research began coverage on NMI in a report on Monday, October 16th. They set a buy rating and a $16.00 price objective for the company. B. Riley restated a buy rating on shares of NMI in a report on Monday, November 6th. Finally, Zacks Investment Research downgraded NMI from a buy rating to a hold rating in a report on Wednesday, January 3rd. Eight analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. NMI currently has a consensus rating of Buy and a consensus target price of $19.07.
Shares of NMI (NMIH) opened at $18.25 on Thursday. NMI has a 12 month low of $10.10 and a 12 month high of $20.38. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.24 and a current ratio of 0.24. The company has a market capitalization of $1,092.60, a PE ratio of 13.04 and a beta of 0.88.
In related news, COO Claudia J. Merkle sold 15,000 shares of the business’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $17.80, for a total transaction of $267,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Patrick L. Mathis sold 10,000 shares of the business’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $16.99, for a total value of $169,900.00. The disclosure for this sale can be found here. 5.40% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in NMIH. Macquarie Group Ltd. bought a new position in NMI in the 3rd quarter worth about $113,000. First Mercantile Trust Co. bought a new position in NMI in the 4th quarter worth about $136,000. Citadel Advisors LLC bought a new position in NMI in the 3rd quarter worth about $141,000. Legal & General Group Plc increased its stake in NMI by 8.8% in the 2nd quarter. Legal & General Group Plc now owns 13,003 shares of the financial services provider’s stock worth $149,000 after acquiring an additional 1,047 shares during the last quarter. Finally, SG Americas Securities LLC bought a new position in NMI in the 3rd quarter worth about $156,000. Institutional investors and hedge funds own 84.21% of the company’s stock.
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NMI Company Profile
NMI Holdings, Inc (NMIH) provides private mortgage guaranty insurance through its insurance subsidiaries. The Company’s primary insurance subsidiary, National Mortgage Insurance Corporation (NMIC), is a mortgage insurance (MI) provider on loans purchased by the Government-sponsored enterprises (GSEs).
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