NMI (NMIH) Upgraded to Hold by Zacks Investment Research

Zacks Investment Research upgraded shares of NMI (NASDAQ:NMIH) from a sell rating to a hold rating in a report published on Friday.

According to Zacks, “NMI Holdings, Inc., through its subsidiaries, provides private mortgage insurance in the United States. NMI Holdings, Inc. is based in Emeryville, California. “

How to Become a New Pot Stock Millionaire

Several other brokerages have also issued reports on NMIH. Keefe, Bruyette & Woods restated a buy rating and set a $25.00 price target on shares of NMI in a research note on Friday, February 23rd. Susquehanna Bancshares assumed coverage on shares of NMI in a research note on Tuesday, February 20th. They set a positive rating and a $26.00 price target for the company. BTIG Research restated a buy rating and set a $21.00 price target on shares of NMI in a research note on Sunday, February 18th. BidaskClub upgraded shares of NMI from a buy rating to a strong-buy rating in a research note on Thursday, January 18th. Finally, ValuEngine upgraded shares of NMI from a hold rating to a buy rating in a research note on Friday, February 2nd. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average price target of $21.86.

Shares of NMIH stock traded up $0.15 during trading hours on Friday, hitting $17.70. 840,293 shares of the company were exchanged, compared to its average volume of 976,945. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.28. NMI has a 52-week low of $10.10 and a 52-week high of $21.92. The firm has a market cap of $1,143.30, a P/E ratio of 31.05 and a beta of 0.87.

NMI (NASDAQ:NMIH) last issued its quarterly earnings results on Thursday, February 15th. The financial services provider reported $0.22 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.05. NMI had a net margin of 12.07% and a return on equity of 7.89%. The company had revenue of $54.54 million during the quarter, compared to analyst estimates of $51.32 million. During the same quarter last year, the business posted $0.04 EPS. NMI’s quarterly revenue was up 48.9% compared to the same quarter last year. equities analysts expect that NMI will post 1.34 EPS for the current year.

A number of institutional investors have recently added to or reduced their stakes in the stock. Macquarie Group Ltd. grew its stake in NMI by 40.4% in the 4th quarter. Macquarie Group Ltd. now owns 12,850 shares of the financial services provider’s stock valued at $218,000 after buying an additional 3,700 shares in the last quarter. First Trust Advisors LP grew its stake in NMI by 13.8% in the 4th quarter. First Trust Advisors LP now owns 48,202 shares of the financial services provider’s stock valued at $819,000 after buying an additional 5,833 shares in the last quarter. American International Group Inc. grew its stake in NMI by 17.4% in the 4th quarter. American International Group Inc. now owns 44,890 shares of the financial services provider’s stock valued at $763,000 after buying an additional 6,668 shares in the last quarter. Sterling Capital Management LLC grew its stake in NMI by 31.8% in the 3rd quarter. Sterling Capital Management LLC now owns 33,100 shares of the financial services provider’s stock valued at $410,000 after buying an additional 7,987 shares in the last quarter. Finally, First Mercantile Trust Co. bought a new position in NMI in the 4th quarter valued at $136,000. Institutional investors and hedge funds own 84.31% of the company’s stock.

WARNING: “NMI (NMIH) Upgraded to Hold by Zacks Investment Research” was posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this story on another publication, it was illegally copied and republished in violation of U.S. and international copyright and trademark laws. The original version of this story can be viewed at https://www.dispatchtribunal.com/2018/04/07/nmi-nmih-upgraded-to-hold-by-zacks-investment-research.html.

NMI Company Profile

NMI Holdings, Inc, through its subsidiaries, provides private mortgage guaranty insurance services in the United States. The company offers mortgage insurance; reinsurance on loans; 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.

Get a free copy of the Zacks research report on NMI (NMIH)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for NMI (NASDAQ:NMIH)

Receive News & Ratings for NMI Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NMI and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply