NMI Holdings Inc (NMIH) PT Raised to $16.00 at Compass Point

NMI Holdings Inc (NASDAQ:NMIH) had its price target lifted by Compass Point from $13.00 to $16.00 in a research report sent to investors on Thursday morning, MarketBeat Ratings reports. They currently have a neutral rating on the financial services provider’s stock.

Several other brokerages have also recently commented on NMIH. ValuEngine upgraded shares of NMI Holdings from a hold rating to a buy rating in a research report on Friday, September 1st. BidaskClub cut shares of NMI Holdings from a hold rating to a sell rating in a research report on Tuesday, August 15th. Deutsche Bank AG initiated coverage on shares of NMI Holdings in a research report on Wednesday, July 5th. They issued a buy rating and a $14.50 target price for the company. Keefe, Bruyette & Woods cut shares of NMI Holdings from an outperform rating to a market perform rating and set a $13.00 target price for the company. in a research report on Monday, July 17th. Finally, Zacks Investment Research upgraded shares of NMI Holdings from a sell rating to a hold rating in a research report on Thursday, August 10th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of Buy and a consensus price target of $15.93.

Shares of NMI Holdings (NMIH) traded up $0.20 during trading hours on Thursday, hitting $16.10. 276,820 shares of the stock traded hands, compared to its average volume of 1,370,000. The firm has a market cap of $954.53, a PE ratio of 27.90 and a beta of 0.75. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.28. NMI Holdings has a one year low of $8.15 and a one year high of $17.08.

NMI Holdings (NASDAQ:NMIH) last issued its earnings results on Wednesday, November 1st. The financial services provider reported $0.20 EPS for the quarter, beating the consensus estimate of $0.14 by $0.06. The company had revenue of $48.95 million during the quarter, compared to analysts’ expectations of $45.79 million. NMI Holdings had a net margin of 51.80% and a return on equity of 6.95%. The business’s revenue for the quarter was up 37.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.10 EPS. sell-side analysts forecast that NMI Holdings will post 0.54 EPS for the current fiscal year.

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In related news, EVP William J. Leatherberry acquired 5,000 shares of the stock in a transaction that occurred on Tuesday, August 29th. The stock was acquired at an average cost of $10.65 per share, for a total transaction of $53,250.00. The transaction was disclosed in a filing with the SEC, which is available through this link. 5.40% of the stock is owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in the stock. Cavalier Investments LLC acquired a new position in NMI Holdings during the 3rd quarter worth approximately $346,000. IndexIQ Advisors LLC grew its holdings in NMI Holdings by 83.0% during the 3rd quarter. IndexIQ Advisors LLC now owns 76,030 shares of the financial services provider’s stock worth $943,000 after acquiring an additional 34,493 shares during the last quarter. First Trust Advisors LP bought a new stake in NMI Holdings during the 3rd quarter worth approximately $525,000. Fox Run Management L.L.C. bought a new stake in NMI Holdings during the 3rd quarter worth approximately $200,000. Finally, Strs Ohio grew its holdings in NMI Holdings by 348.9% during the 3rd quarter. Strs Ohio now owns 306,132 shares of the financial services provider’s stock worth $3,796,000 after acquiring an additional 237,932 shares during the last quarter. Institutional investors and hedge funds own 84.08% of the company’s stock.

NMI Holdings Company Profile

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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