NMI (NASDAQ:NMIH) Upgraded by Keefe, Bruyette & Woods to Outperform Rating

NMI (NASDAQ:NMIH - Get Free Report) was upgraded by Keefe, Bruyette & Woods from a "market perform" rating to an "outperform" rating in a research report issued to clients and investors on Monday, Marketbeat reports. The brokerage currently has a $43.00 price objective on the financial services provider's stock. Keefe, Bruyette & Woods' target price indicates a potential upside of 20.11% from the stock's current price.

Several other research firms have also recently weighed in on NMIH. Barclays cut shares of 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. JPMorgan Chase & Co. dropped their price objective on NMI from $46.00 to $41.00 and set an "overweight" rating on the stock in a report on Monday, December 9th. UBS Group lowered their target price on NMI from $42.00 to $41.00 and set a "neutral" rating on the stock in a report on Wednesday, February 19th. Finally, Royal Bank of Canada decreased their price target on shares of NMI from $48.00 to $47.00 and set an "outperform" rating on the stock in a research note on Thursday, November 7th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $42.29.

NMI Price Performance

NASDAQ:NMIH traded up $0.23 during mid-day trading on Monday, reaching $35.80. 652,702 shares of the stock were exchanged, compared to its average volume of 495,318. NMI has a 1-year low of $29.05 and a 1-year high of $42.49. The company has a current ratio of 0.60, a quick ratio of 0.83 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $2.81 billion, a PE ratio of 8.08, a PEG ratio of 1.41 and a beta of 1.12. The business has a fifty day moving average price of $36.80 and a 200 day moving average price of $38.56.

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NMI (NASDAQ:NMIH - Get Free Report) last released its earnings results on Wednesday, February 12th. The financial services provider reported $1.07 EPS for the quarter, missing the consensus estimate of $1.14 by ($0.07). NMI had a net margin of 55.32% and a return on equity of 17.33%. Research analysts expect that NMI will post 4.62 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Norman Peter Fitzgerald sold 20,000 shares of the company's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $35.88, for a total transaction of $717,600.00. Following the transaction, the executive vice president now owns 37,470 shares of the company's stock, valued at $1,344,423.60. This represents a 34.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Mohammad Nawaz Yousaf sold 1,083 shares of the firm's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $35.44, for a total value of $38,381.52. Following the completion of the transaction, the executive vice president now owns 49,218 shares in the company, valued at approximately $1,744,285.92. This represents a 2.15 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.70% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Principal Securities Inc. raised its stake in shares of NMI by 66.5% during the fourth quarter. Principal Securities Inc. now owns 716 shares of the financial services provider's stock worth $26,000 after buying an additional 286 shares during the last quarter. Janney Montgomery Scott LLC raised its position in shares of NMI by 2.2% during the 4th quarter. Janney Montgomery Scott LLC now owns 14,883 shares of the financial services provider's stock valued at $547,000 after acquiring an additional 320 shares during the last quarter. Tealwood Asset Management Inc. lifted its stake in shares of NMI by 1.2% in the 4th quarter. Tealwood Asset Management Inc. now owns 32,192 shares of the financial services provider's stock valued at $1,183,000 after purchasing an additional 376 shares during the period. Atria Investments Inc boosted its position in shares of NMI by 5.9% in the 4th quarter. Atria Investments Inc now owns 7,572 shares of the financial services provider's stock worth $278,000 after purchasing an additional 422 shares during the last quarter. Finally, Summit Investment Advisors Inc. grew its stake in shares of NMI by 5.6% during the fourth quarter. Summit Investment Advisors Inc. now owns 8,208 shares of the financial services provider's stock worth $302,000 after purchasing an additional 433 shares during the period. 94.12% of the stock is currently owned by institutional investors and hedge funds.

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.