NMI Holdings, Inc. (NASDAQ:NMIH - Get Free Report) has received a consensus rating of "Moderate Buy" from the seven analysts that are presently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $42.00.
Several equities research analysts have weighed in on NMIH shares. Royal Bank of Canada cut their target price on NMI from $48.00 to $47.00 and set an "outperform" rating for the company in a research note on Thursday, November 7th. Barclays downgraded NMI from an "overweight" rating to an "equal weight" rating and dropped their price objective for the stock from $48.00 to $41.00 in a research report on Monday, January 6th. Keefe, Bruyette & Woods decreased their target price on NMI from $44.00 to $43.00 and set a "market perform" rating on the stock in a research report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. dropped their target price on shares of NMI from $46.00 to $41.00 and set an "overweight" rating for the company in a report on Monday, December 9th.
Check Out Our Latest Analysis on NMI
NMIH opened at $36.95 on Friday. The stock has a market capitalization of $2.92 billion, a price-to-earnings ratio of 8.46, a P/E/G ratio of 0.91 and a beta of 1.12. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.19. NMI has a twelve month low of $28.73 and a twelve month high of $42.49. The company has a 50-day simple moving average of $37.63 and a 200 day simple moving average of $38.78.
NMI (NASDAQ:NMIH - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The financial services provider reported $1.07 earnings per share for the quarter, missing analysts' consensus estimates of $1.14 by ($0.07). NMI had a return on equity of 17.82% and a net margin of 56.20%. Analysts predict that NMI will post 4.54 EPS for the current fiscal year.
Hedge funds have recently added to or reduced their stakes in the business. Assenagon Asset Management S.A. raised its position in shares of NMI by 38.0% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,942,428 shares of the financial services provider's stock worth $80,009,000 after acquiring an additional 534,818 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in NMI during the fourth quarter worth approximately $13,136,000. Barclays PLC increased its holdings in NMI by 264.4% in the third 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 in the last quarter. abrdn plc acquired a new position in NMI in the fourth quarter valued at approximately $8,122,000. Finally, Denali Advisors LLC boosted its holdings in shares of NMI by 2,446.6% during the 4th quarter. Denali Advisors LLC now owns 175,718 shares of the financial services provider's stock worth $6,459,000 after buying an additional 168,818 shares in the last quarter. 94.12% of the stock is currently owned by institutional investors and hedge funds.
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.
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