NMI (NASDAQ:NMIH) Price Target Cut to $41.00 by Analysts at UBS Group

NMI (NASDAQ:NMIH - Free Report) had its target price decreased by UBS Group from $42.00 to $41.00 in a report published on Wednesday morning,Benzinga reports. UBS Group currently has a neutral rating on the financial services provider's stock.

A number of other analysts also recently issued reports on the stock. Royal Bank of Canada dropped their price objective on shares of NMI from $48.00 to $47.00 and set an "outperform" rating for the company in a report on Thursday, November 7th. JPMorgan Chase & Co. decreased their target price on shares of NMI from $46.00 to $41.00 and set an "overweight" rating on the stock in a research report on Monday, December 9th. Keefe, Bruyette & Woods decreased their target price on shares of NMI from $44.00 to $43.00 and set a "market perform" rating on the stock in a research report on Wednesday, January 8th. Finally, Barclays cut shares of NMI from an "overweight" rating to an "equal weight" rating and decreased their target price for the stock from $48.00 to $41.00 in a research report on Monday, January 6th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $42.29.

NMI Price Performance

Shares of NASDAQ NMIH traded down $0.31 during mid-day trading on Wednesday, reaching $34.88. 497,066 shares of the company were exchanged, compared to its average volume of 471,127. NMI has a 52 week low of $28.82 and a 52 week high of $42.49. The company has a quick ratio of 0.83, a current ratio of 0.60 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $2.74 billion, a PE ratio of 7.87, a PEG ratio of 1.41 and a beta of 1.12. The company's 50 day moving average price is $36.89 and its 200 day moving average price is $38.57.

NMI (NASDAQ:NMIH - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.14 by ($0.07). NMI had a return on equity of 17.33% and a net margin of 55.32%. Sell-side analysts forecast that NMI will post 4.62 earnings per share for the current fiscal year.

Hedge Funds Weigh In On NMI

Hedge funds have recently modified their holdings of the company. Principal Securities Inc. increased its position in shares of NMI by 66.5% in the fourth quarter. Principal Securities Inc. now owns 716 shares of the financial services provider's stock valued at $26,000 after acquiring an additional 286 shares during the period. Smartleaf Asset Management LLC increased its position in shares of NMI by 288.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,868 shares of the financial services provider's stock valued at $69,000 after buying an additional 1,387 shares during the period. Covestor Ltd increased its position in shares of NMI by 601.1% during the fourth quarter. Covestor Ltd now owns 1,893 shares of the financial services provider's stock valued at $70,000 after buying an additional 1,623 shares during the period. Sterling Capital Management LLC increased its position in shares of NMI by 786.1% during the fourth quarter. Sterling Capital Management LLC now owns 2,295 shares of the financial services provider's stock valued at $84,000 after buying an additional 2,036 shares during the period. Finally, KBC Group NV increased its position in shares of NMI by 38.3% during the fourth quarter. KBC Group NV now owns 3,221 shares of the financial services provider's stock valued at $118,000 after buying an additional 892 shares during the period. Hedge funds and other 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.