NMI Holdings Inc (NMIH) Price Target Raised to $13.00

NMI Holdings Inc (NASDAQ:NMIH) had its price target increased by BTIG Research from $11.00 to $13.00 in a research report sent to investors on Thursday. BTIG Research currently has a buy rating on the stock.

A number of other research firms also recently issued reports on NMIH. Zacks Investment Research downgraded shares of NMI Holdings from a strong-buy rating to a hold rating in a research note on Wednesday, January 4th. FBR & Co reissued an outperform rating and issued a $11.00 price target (up from $9.00) on shares of NMI Holdings in a research note on Tuesday, November 29th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of Buy and an average price target of $10.80.

Shares of NMI Holdings (NASDAQ:NMIH) traded up 2.49% during midday trading on Thursday, reaching $10.30. 62,960 shares of the company’s stock traded hands. NMI Holdings has a 1-year low of $4.19 and a 1-year high of $11.10. The stock’s market capitalization is $609.12 million. The firm’s 50-day moving average price is $9.80 and its 200 day moving average price is $7.85.

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A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Rothschild Capital Partners LLC boosted its position in NMI Holdings by 617.8% in the second quarter. Rothschild Capital Partners LLC now owns 89,720 shares of the company’s stock valued at $492,000 after buying an additional 77,220 shares during the period. GSA Capital Partners LLP purchased a new position in NMI Holdings during the second quarter valued at approximately $704,000. Airain ltd purchased a new position in NMI Holdings during the second quarter valued at approximately $210,000. Royce & Associates LP boosted its position in NMI Holdings by 1,746.0% in the second quarter. Royce & Associates LP now owns 303,674 shares of the company’s stock valued at $1,664,000 after buying an additional 287,224 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in shares of NMI Holdings by 3.8% in the second quarter. JPMorgan Chase & Co. now owns 252,070 shares of the company’s stock valued at $1,381,000 after buying an additional 9,320 shares during the last quarter. Institutional investors own 82.66% of the company’s stock.

NMI Holdings Company Profile

NMI Holdings, Inc (NMIH) provides private mortgage guaranty insurance (MI) through its insurance subsidiaries. The Company’s insurance subsidiary, National Mortgage Insurance Corporation (NMIC), is an MI provider on loans purchased by Fannie Mae and Freddie Mac (collectively the Government-sponsored enterprises(GSEs)).