NMI Holdings Inc (NMIH) Rating Reiterated by Keefe, Bruyette & Woods

NMI Holdings Inc (NASDAQ:NMIH)‘s stock had its “buy” rating reiterated by equities researchers at Keefe, Bruyette & Woods in a research report issued on Friday. They presently have a $19.50 target price on the financial services provider’s stock. Keefe, Bruyette & Woods’ price objective suggests a potential upside of 18.18% from the company’s previous close.

Other research analysts also recently issued research reports about the stock. Deutsche Bank AG downgraded shares of NMI Holdings from a “buy” rating to a “hold” rating and set a $16.00 target price on the stock. in a research report on Friday. Compass Point boosted their target price on shares of NMI Holdings from $13.00 to $16.00 and gave the company a “neutral” rating in a research report on Thursday. Singular Research assumed coverage on shares of NMI Holdings in a research report on Monday, October 16th. They set a “buy” rating and a $16.00 target price on the stock. Zacks Investment Research upgraded shares of NMI Holdings from a “hold” rating to a “strong-buy” rating and set a $15.00 target price on the stock in a research report on Saturday, October 14th. Finally, ValuEngine downgraded shares of NMI Holdings from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. NMI Holdings has a consensus rating of “Buy” and an average target price of $15.36.

NMI Holdings (NASDAQ:NMIH) last issued its quarterly earnings results on Wednesday, November 1st. The financial services provider reported $0.20 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.06. The firm had revenue of $48.95 million for the quarter, compared to the consensus estimate of $45.79 million. NMI Holdings had a net margin of 51.80% and a return on equity of 7.04%. The company’s revenue for the quarter was up 37.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.10 EPS.

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In other NMI Holdings news, EVP William J. Leatherberry acquired 5,000 shares of the stock in a transaction on Tuesday, August 29th. The shares were purchased at an average price of $10.65 per share, for a total transaction of $53,250.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 5.40% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NMIH. Capital Research Global Investors raised its holdings in NMI Holdings by 72.5% during the second quarter. Capital Research Global Investors now owns 3,481,202 shares of the financial services provider’s stock worth $39,860,000 after buying an additional 1,462,624 shares during the last quarter. Wells Fargo & Company MN grew its stake in shares of NMI Holdings by 849.8% in the 2nd quarter. Wells Fargo & Company MN now owns 618,321 shares of the financial services provider’s stock worth $7,081,000 after acquiring an additional 553,221 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of NMI Holdings by 22.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,445,052 shares of the financial services provider’s stock worth $27,996,000 after acquiring an additional 446,918 shares in the last quarter. Alliancebernstein L.P. grew its stake in shares of NMI Holdings by 531.7% in the 2nd quarter. Alliancebernstein L.P. now owns 289,320 shares of the financial services provider’s stock worth $3,313,000 after acquiring an additional 243,520 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of NMI Holdings by 10.3% in the 2nd quarter. Vanguard Group Inc. now owns 2,569,591 shares of the financial services provider’s stock worth $29,421,000 after acquiring an additional 239,387 shares in the last quarter. Hedge funds and other institutional investors own 85.50% of the company’s stock.

About NMI Holdings

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

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