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.
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.
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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).
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