Analysts Set NMI Holdings, Inc. (NASDAQ:NMIH) Price Target at $42.29

NMI Holdings, Inc. (NASDAQ:NMIH - Get Free Report) has been assigned an average rating of "Moderate Buy" from the seven analysts that are currently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $42.29.

A number of research firms recently issued reports on NMIH. UBS Group decreased their price objective on NMI from $42.00 to $41.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 19th. JPMorgan Chase & Co. decreased their price objective on NMI from $46.00 to $41.00 and set an "overweight" rating on the stock in a research note on Monday, December 9th. Keefe, Bruyette & Woods upgraded NMI from a "market perform" rating to an "outperform" rating and set a $43.00 price objective on the stock in a research note on Monday, February 24th. Finally, Barclays lowered NMI from an "overweight" rating to an "equal weight" rating and decreased their price objective for the company from $48.00 to $41.00 in a research note on Monday, January 6th.

NMI Stock Performance

Shares of NMIH traded down $0.04 during mid-day trading on Wednesday, hitting $35.43. The stock had a trading volume of 786,453 shares, compared to its average volume of 514,856. The firm has a market cap of $2.78 billion, a P/E ratio of 8.00, a PEG ratio of 1.41 and a beta of 1.02. The business has a fifty day moving average price of $36.67 and a 200-day moving average price of $38.46. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.60 and a quick ratio of 0.83. NMI has a 52 week low of $29.05 and a 52 week high of $42.49.

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NMI (NASDAQ:NMIH - Get Free Report) last issued its earnings results on Wednesday, February 12th. The financial services provider reported $1.07 earnings per share (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%. On average, equities research analysts expect that NMI will post 4.62 EPS for the current year.

Insider Transactions at NMI

In related news, EVP Mohammad Nawaz Yousaf sold 1,083 shares of the stock in a transaction dated 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 sale, the executive vice president now directly owns 49,218 shares in the company, valued at $1,744,285.92. This represents a 2.15 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Norman Peter Fitzgerald sold 20,000 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $35.88, for a total value of $717,600.00. Following the sale, 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 disclosure for this sale can be found here. Company insiders own 2.70% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Principal Securities Inc. raised its position in shares of NMI by 66.5% in the 4th quarter. Principal Securities Inc. now owns 716 shares of the financial services provider's stock worth $26,000 after acquiring an additional 286 shares in the last quarter. Janney Montgomery Scott LLC raised its position in shares of NMI by 2.2% in the 4th quarter. Janney Montgomery Scott LLC now owns 14,883 shares of the financial services provider's stock worth $547,000 after acquiring an additional 320 shares in the last quarter. Tealwood Asset Management Inc. increased its position in NMI by 1.2% during 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 buying an additional 376 shares in the last quarter. Atria Investments Inc raised its stake in NMI by 5.9% during the fourth quarter. Atria Investments Inc now owns 7,572 shares of the financial services provider's stock valued at $278,000 after buying an additional 422 shares during the last quarter. Finally, Summit Investment Advisors Inc. raised its stake in NMI by 5.6% during the fourth quarter. Summit Investment Advisors Inc. now owns 8,208 shares of the financial services provider's stock valued at $302,000 after buying an additional 433 shares during the last quarter. Institutional investors own 94.12% of the company's stock.

NMI Company Profile

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.