NMI (NASDAQ:NMIH) Cut to "Equal Weight" at Barclays

NMI (NASDAQ:NMIH - Get Free Report) was downgraded by investment analysts at Barclays from an "overweight" rating to an "equal weight" rating in a research note issued to investors on Monday, Marketbeat reports. They presently have a $41.00 price objective on the financial services provider's stock, down from their previous price objective of $48.00. Barclays's price target indicates a potential upside of 15.10% from the stock's previous close.

Other research analysts have also recently issued research reports about the company. Royal Bank of Canada reduced their target price on NMI from $48.00 to $47.00 and set an "outperform" rating on the stock in a report on Thursday, November 7th. JPMorgan Chase & Co. reduced 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. Finally, Keefe, Bruyette & Woods increased their target price on shares of NMI from $43.00 to $44.00 and gave the stock a "market perform" rating in a research report on Tuesday, December 10th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $42.14.

NMI Trading Down 3.5 %

NASDAQ:NMIH traded down $1.30 during trading hours on Monday, reaching $35.62. 658,131 shares of the company were exchanged, compared to its average volume of 432,307. The firm has a market cap of $2.82 billion, a price-to-earnings ratio of 8.15, a PEG ratio of 0.92 and a beta of 1.12. The stock has a 50 day simple moving average of $37.99 and a 200 day simple moving average of $38.40. 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 Inflows and Outflows

A number of institutional investors have recently made changes to their positions in NMIH. GAMMA Investing LLC increased its stake in NMI by 57.2% during the 3rd quarter. GAMMA Investing LLC now owns 728 shares of the financial services provider's stock worth $30,000 after buying an additional 265 shares during the period. Quarry LP increased its position in shares of NMI by 135.1% during the second quarter. Quarry LP now owns 858 shares of the financial services provider's stock worth $29,000 after acquiring an additional 493 shares during the last quarter. USA Financial Formulas acquired a new position in shares of NMI in the third quarter worth about $57,000. Farther Finance Advisors LLC boosted its holdings in NMI by 989.9% in the third quarter. Farther Finance Advisors LLC now owns 3,248 shares of the financial services provider's stock valued at $134,000 after purchasing an additional 2,950 shares during the last quarter. Finally, CWM LLC grew its stake in NMI by 32.3% during the 3rd quarter. CWM LLC now owns 3,936 shares of the financial services provider's stock valued at $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.