NMI Holdings, Inc. (NASDAQ:NMIH) Receives Average Recommendation of "Moderate Buy" from Brokerages

NMI Holdings, Inc. (NASDAQ:NMIH - Get Free Report) has earned an average recommendation of "Moderate Buy" from the seven analysts that are presently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $42.29.

Several equities research analysts have recently issued reports on the company. Keefe, Bruyette & Woods raised NMI from a "market perform" rating to an "outperform" rating and set a $43.00 target price for the company in a research report on Monday, February 24th. UBS Group reduced their target price on shares of NMI from $42.00 to $41.00 and set a "neutral" rating for the company in a research report on Wednesday, February 19th. Barclays cut shares of NMI from an "overweight" rating to an "equal weight" rating and lowered their price target for the stock from $48.00 to $41.00 in a report on Monday, January 6th. Finally, JPMorgan Chase & Co. reduced their price objective on NMI from $46.00 to $41.00 and set an "overweight" rating for the company in a report on Monday, December 9th.

Insider Activity

In related news, EVP Norman Peter Fitzgerald sold 20,000 shares of the company's stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $35.88, for a total value of $717,600.00. Following the transaction, the executive vice president now directly owns 37,470 shares in the company, valued at approximately $1,344,423.60. This represents a 34.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Mohammad Nawaz Yousaf sold 1,083 shares of the business's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $35.44, for a total transaction of $38,381.52. Following the completion of the transaction, the executive vice president now directly owns 49,218 shares of the company's stock, 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. Company insiders own 2.70% of the company's stock.

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Institutional Investors Weigh In On NMI

A number of hedge funds have recently made changes to their positions in NMIH. Vanguard Group Inc. lifted its stake in NMI by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 7,158,877 shares of the financial services provider's stock worth $263,160,000 after purchasing an additional 39,503 shares during the last quarter. State Street Corp lifted its stake in shares of NMI by 1.0% in the 3rd quarter. State Street Corp now owns 3,565,348 shares of the financial services provider's stock valued at $146,857,000 after acquiring an additional 35,351 shares during the last quarter. American Century Companies Inc. increased its stake in NMI by 8.0% in the 4th quarter. American Century Companies Inc. now owns 1,957,179 shares of the financial services provider's stock worth $71,946,000 after purchasing an additional 145,591 shares during the period. FMR LLC lifted its position in NMI by 7.6% in the third quarter. FMR LLC now owns 1,517,092 shares of the financial services provider's stock valued at $62,489,000 after purchasing an additional 107,771 shares during the last quarter. Finally, Donald Smith & CO. Inc. boosted its stake in shares of NMI by 34.8% during the fourth quarter. Donald Smith & CO. Inc. now owns 1,307,868 shares of the financial services provider's stock valued at $48,077,000 after purchasing an additional 337,996 shares during the period. 94.12% of the stock is currently owned by institutional investors.

NMI Stock Up 0.1 %

NASDAQ:NMIH traded up $0.05 during trading hours on Friday, hitting $36.05. 417,507 shares of the company traded hands, compared to its average volume of 520,054. The company has a quick ratio of 0.83, a current ratio of 0.60 and a debt-to-equity ratio of 0.19. The company has a market cap of $2.83 billion, a PE ratio of 8.14, a PEG ratio of 1.41 and a beta of 1.02. The firm's 50-day simple moving average is $36.41 and its 200-day simple moving average is $37.95. NMI has a one year low of $29.05 and a one year high of $42.49.

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

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.