Brokerages Set NMI Holdings, Inc. (NASDAQ:NMIH) Price Target at $43.14

NMI Holdings, Inc. (NASDAQ:NMIH - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the seven analysts that are presently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $43.14.

NMIH has been the topic of several research analyst reports. JPMorgan Chase & Co. cut their price target on NMI from $46.00 to $41.00 and set an "overweight" rating on the stock in a research report on Monday, December 9th. Royal Bank of Canada dropped their price objective 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. Barclays increased their target price on shares of NMI from $43.00 to $48.00 and gave the stock an "overweight" rating in a research note on Tuesday, October 8th. Finally, Keefe, Bruyette & Woods boosted their price target on NMI from $43.00 to $44.00 and gave the company a "market perform" rating in a research report on Tuesday, December 10th.

NMI Stock Down 0.1 %

NASDAQ:NMIH traded down $0.04 during midday trading on Friday, hitting $36.54. 1,590,489 shares of the company were exchanged, compared to its average volume of 530,938. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.19. NMI has a fifty-two week low of $28.67 and a fifty-two week high of $42.49. The company has a market capitalization of $2.89 billion, a PE ratio of 8.36, a price-to-earnings-growth ratio of 0.92 and a beta of 1.10. The company has a fifty day simple moving average of $38.72 and a 200 day simple moving average of $38.01.

Hedge Funds Weigh In On NMI

Large investors have recently made changes to their positions in the stock. GAMMA Investing LLC raised its position in NMI by 57.2% during the third quarter. GAMMA Investing LLC now owns 728 shares of the financial services provider's stock worth $30,000 after acquiring an additional 265 shares during the last quarter. Quarry LP raised its position in shares of NMI by 135.1% during the 2nd quarter. Quarry LP now owns 858 shares of the financial services provider's stock worth $29,000 after purchasing an additional 493 shares during the last quarter. USA Financial Formulas acquired a new position in shares of NMI during the 3rd quarter worth approximately $57,000. Picton Mahoney Asset Management purchased a new stake in NMI in the 2nd quarter valued at approximately $63,000. Finally, Farther Finance Advisors LLC grew its holdings in NMI by 989.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 3,248 shares of the financial services provider's stock valued at $134,000 after buying an additional 2,950 shares during the last quarter. Hedge funds and other institutional investors own 94.12% of the company's stock.

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.