Keefe, Bruyette & Woods Cuts NMI (NASDAQ:NMIH) Price Target to $43.00

NMI (NASDAQ:NMIH - Free Report) had its price target reduced by Keefe, Bruyette & Woods from $44.00 to $43.00 in a report published on Wednesday,Benzinga reports. They currently have a market perform rating on the financial services provider's stock.

NMIH has been the topic of a number of other reports. JPMorgan Chase & Co. dropped their price objective on shares of NMI from $46.00 to $41.00 and set an "overweight" rating on the stock in a research note on Monday, December 9th. Barclays cut NMI from an "overweight" rating to an "equal weight" rating and dropped their price target for the company from $48.00 to $41.00 in a research report on Monday. Finally, Royal Bank of Canada decreased their price objective on NMI from $48.00 to $47.00 and set an "outperform" rating for the company in a research report on Thursday, November 7th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $42.00.

NMI Stock Performance

Shares of NMIH traded down $0.13 during mid-day trading on Wednesday, reaching $35.68. 636,240 shares of the company's stock were exchanged, compared to its average volume of 490,628. The business's fifty day simple moving average is $37.93 and its 200-day simple moving average is $38.42. The stock has a market capitalization of $2.82 billion, a PE ratio of 8.16, a price-to-earnings-growth ratio of 0.92 and a beta of 1.12. NMI has a 52-week low of $28.67 and a 52-week high of $42.49. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.83 and a quick ratio of 0.83.

Institutional Trading of NMI

A number of institutional investors have recently modified their holdings of NMIH. Legend Financial Advisors Inc. lifted its holdings in NMI by 6.3% in the fourth quarter. Legend Financial Advisors Inc. now owns 18,684 shares of the financial services provider's stock valued at $687,000 after acquiring an additional 1,108 shares during the period. Diversified Trust Co lifted its stake in shares of NMI by 11.8% in the fourth quarter. Diversified Trust Co now owns 31,940 shares of the financial services provider's stock valued at $1,174,000 after purchasing an additional 3,373 shares during the period. CWA Asset Management Group LLC boosted its holdings in NMI by 25.7% during the fourth quarter. CWA Asset Management Group LLC now owns 25,026 shares of the financial services provider's stock worth $920,000 after buying an additional 5,118 shares in the last quarter. JPMorgan Chase & Co. grew its position in NMI by 3.3% during the third quarter. JPMorgan Chase & Co. now owns 775,804 shares of the financial services provider's stock worth $31,955,000 after buying an additional 24,838 shares during the period. Finally, Franklin Resources Inc. increased its holdings in NMI by 1.5% in the third quarter. Franklin Resources Inc. now owns 98,150 shares of the financial services provider's stock valued at $4,024,000 after buying an additional 1,442 shares in the last quarter. 94.12% of the stock is currently owned by hedge funds and other institutional investors.

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.