NMI Holdings, Inc. (NASDAQ:NMIH) Receives $42.00 Consensus Price Target from Analysts

Shares of NMI Holdings, Inc. (NASDAQ:NMIH - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the seven research firms that are covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $42.00.

A number of brokerages have recently weighed in on NMIH. Royal Bank of Canada reduced their price objective on shares of NMI from $48.00 to $47.00 and set an "outperform" rating for the company in a research note on Thursday, November 7th. Barclays cut shares of NMI from an "overweight" rating to an "equal weight" rating and reduced their price objective for the stock from $48.00 to $41.00 in a research note on Monday, January 6th. JPMorgan Chase & Co. cut 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, Keefe, Bruyette & Woods cut their target price on shares of NMI from $44.00 to $43.00 and set a "market perform" rating for the company in a research note on Wednesday, January 8th.

NMI Stock Down 0.9 %

NASDAQ NMIH traded down $0.33 during trading on Friday, reaching $36.15. The company's stock had a trading volume of 627,042 shares, compared to its average volume of 457,005. The business has a 50-day moving average price of $37.49 and a 200-day moving average price of $38.77. 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 1-year low of $28.73 and a 1-year high of $42.49. The stock has a market capitalization of $2.86 billion, a PE ratio of 8.16, a PEG ratio of 0.92 and a beta of 1.12.

NMI (NASDAQ:NMIH - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The financial services provider reported $1.07 earnings per share for the quarter, missing analysts' consensus estimates of $1.14 by ($0.07). NMI had a return on equity of 17.64% and a net margin of 55.32%. On average, research analysts forecast that NMI will post 4.68 earnings per share for the current fiscal year.

Institutional Investors Weigh In On NMI

Several institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in NMI by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 7,158,877 shares of the financial services provider's stock valued at $263,160,000 after buying an additional 39,503 shares during the period. State Street Corp increased its holdings in 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 buying an additional 35,351 shares during the period. American Century Companies Inc. increased its holdings 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 valued at $71,946,000 after buying an additional 145,591 shares during the period. Assenagon Asset Management S.A. increased its holdings in NMI by 38.0% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,942,428 shares of the financial services provider's stock valued at $80,009,000 after buying an additional 534,818 shares during the period. Finally, FMR LLC increased its holdings in NMI by 7.6% in the 3rd quarter. FMR LLC now owns 1,517,092 shares of the financial services provider's stock valued at $62,489,000 after buying an additional 107,771 shares during the period. 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.