NMI (NMIH) Given Buy Rating at BTIG Research

BTIG Research restated their buy rating on shares of NMI (NASDAQ:NMIH) in a report issued on Wednesday. The firm currently has a $21.00 price target on the financial services provider’s stock, up from their previous price target of $17.00.

NMIH has been the topic of several other research reports. B. Riley restated a buy rating on shares of NMI in a research report on Monday, November 6th. Keefe, Bruyette & Woods upgraded NMI from a market perform rating to an outperform rating in a research report on Tuesday, September 5th. Zacks Investment Research upgraded NMI 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. Compass Point restated a neutral rating and issued a $13.00 target price on shares of NMI in a research report on Saturday, October 14th. Finally, Deutsche Bank downgraded NMI from a buy rating to a hold rating and set a $16.00 target price on the stock. in a research report on Friday, November 3rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of Buy and an average target price of $16.50.

NMI (NASDAQ:NMIH) traded up $0.65 during midday trading on Wednesday, hitting $17.75. The stock had a trading volume of 495,300 shares, compared to its average volume of 550,990. The stock has a market capitalization of $1,026.57, a P/E ratio of 30.00 and a beta of 0.84. NMI has a 1-year low of $9.90 and a 1-year high of $17.95. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.24 and a current ratio of 0.24.

NMI (NASDAQ:NMIH) last released its earnings results on Wednesday, November 1st. The financial services provider reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.06. The business had revenue of $48.95 million for the quarter, compared to the consensus estimate of $45.79 million. NMI had a return on equity of 6.95% and a net margin of 51.80%. The business’s quarterly revenue was up 37.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.10 earnings per share. research analysts forecast that NMI will post 0.56 EPS for the current fiscal year.

In related news, EVP Patrick L. Mathis sold 10,000 shares of NMI stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $16.99, for a total transaction of $169,900.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Claudia J. Merkle sold 15,000 shares of NMI stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $17.80, for a total value of $267,000.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 41,600 shares of company stock worth $714,618. 5.40% of the stock is currently owned by company insiders.

A number of institutional investors have recently made changes to their positions in the stock. Capital Research Global Investors lifted its position in NMI 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 in the last quarter. Dimensional Fund Advisors LP increased its stake in NMI by 15.0% during the third quarter. Dimensional Fund Advisors LP now owns 2,812,446 shares of the financial services provider’s stock worth $34,875,000 after acquiring an additional 367,394 shares during the last quarter. Vanguard Group Inc. increased its stake in NMI by 10.3% during the second 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 during the last quarter. FMR LLC increased its stake in NMI by 7.8% during the second quarter. FMR LLC now owns 2,488,937 shares of the financial services provider’s stock worth $28,499,000 after acquiring an additional 180,126 shares during the last quarter. Finally, Renaissance Technologies LLC increased its stake in NMI by 2.2% during the second quarter. Renaissance Technologies LLC now owns 2,024,900 shares of the financial services provider’s stock worth $23,185,000 after acquiring an additional 44,182 shares during the last quarter. Hedge funds and other institutional investors own 83.57% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This story was reported by Community Financial News and is the sole property of of Community Financial News. If you are accessing this story on another publication, it was copied illegally and reposted in violation of U.S. and international trademark and copyright legislation. The original version of this story can be viewed at https://www.com-unik.info/2017/12/21/nmi-nmih-given-buy-rating-at-btig-research.html.

NMI 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).

Analyst Recommendations for NMI (NASDAQ:NMIH)

Receive News & Ratings for NMI Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NMI and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit