NMI Holdings, Inc. (NASDAQ:NMIH) Given Average Recommendation of "Moderate Buy" by Analysts

Shares of NMI Holdings, Inc. (NASDAQ:NMIH - Get Free Report) have earned an average recommendation of "Moderate Buy" from the seven research firms that are currently covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $42.00.

NMIH has been the topic of several research reports. Royal Bank of Canada cut their price objective on NMI from $48.00 to $47.00 and set an "outperform" rating on the stock in a research note on Thursday, November 7th. Keefe, Bruyette & Woods reduced their price objective on NMI from $44.00 to $43.00 and set a "market perform" rating on the stock in a research note on Wednesday, January 8th. JPMorgan Chase & Co. lowered their target price on shares of NMI from $46.00 to $41.00 and set an "overweight" rating for the company in a research note on Monday, December 9th. Finally, Barclays downgraded shares of NMI from an "overweight" rating to an "equal weight" rating and lowered their price objective for the company from $48.00 to $41.00 in a research report on Monday, January 6th.

NMI Stock Up 2.0 %

NASDAQ NMIH traded up $0.69 during trading hours on Tuesday, reaching $35.84. 651,899 shares of the company traded hands, compared to its average volume of 509,475. The stock has a market capitalization of $2.84 billion, a PE ratio of 8.20, a PEG ratio of 0.92 and a beta of 1.12. 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 12 month low of $28.73 and a 12 month high of $42.49. The company has a 50 day moving average of $37.69 and a two-hundred day moving average of $38.49.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. GAMMA Investing LLC raised its holdings in shares of NMI by 57.2% during the third quarter. GAMMA Investing LLC now owns 728 shares of the financial services provider's stock valued at $30,000 after buying an additional 265 shares during the last quarter. Quarry LP increased its position in NMI by 135.1% in the 2nd quarter. Quarry LP now owns 858 shares of the financial services provider's stock valued at $29,000 after acquiring an additional 493 shares during the period. USA Financial Formulas bought a new stake in NMI during the 3rd quarter valued at $57,000. Farther Finance Advisors LLC boosted its position 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 worth $134,000 after acquiring an additional 2,950 shares during the period. Finally, CWM LLC grew its stake in shares of NMI by 32.3% in the third quarter. CWM LLC now owns 3,936 shares of the financial services provider's stock worth $162,000 after purchasing an additional 962 shares in the last quarter. 94.12% of the stock is 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.