NMI (NMIH) Lowered to Buy at BidaskClub

NMI (NASDAQ:NMIH) was downgraded by stock analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research report issued on Saturday.

NMIH has been the subject of a number of other reports. Zacks Investment Research raised NMI from a “hold” rating to a “strong-buy” rating and set a $15.00 price target for the company in a research note on Saturday, October 14th. Singular Research started coverage on NMI in a research note on Monday, October 16th. They issued a “buy” rating and a $16.00 price target for the company. BTIG Research reaffirmed a “buy” rating and issued a $17.00 price target on shares of NMI in a research note on Sunday, November 5th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $19.50 price target on shares of NMI in a research note on Friday, November 3rd. Finally, ValuEngine cut NMI from a “buy” rating to a “hold” rating in a research note on Monday, December 4th. Three investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $16.50.

Shares of NMI (NASDAQ NMIH) traded down $0.30 during mid-day trading on Friday, hitting $17.00. The stock had a trading volume of 359,175 shares, compared to its average volume of 512,700. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.28. The company has a market cap of $1,038.57, a PE ratio of 12.14 and a beta of 0.84. NMI has a one year low of $9.90 and a one year high of $18.05.

NMI (NASDAQ:NMIH) last announced its quarterly earnings results on Wednesday, November 1st. The financial services provider reported $0.20 EPS for the quarter, beating analysts’ consensus estimates 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 had a return on equity of 6.95% and a net margin of 51.80%. NMI’s revenue was up 37.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.10 EPS. analysts anticipate that NMI will post 0.56 EPS for the current year.

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

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Macquarie Group Ltd. bought a new stake in NMI during the 3rd quarter worth approximately $113,000. Citadel Advisors LLC bought a new stake in NMI during the 3rd quarter worth approximately $141,000. Legal & General Group Plc increased its stake in NMI by 8.8% during the 2nd quarter. Legal & General Group Plc now owns 13,003 shares of the financial services provider’s stock worth $149,000 after purchasing an additional 1,047 shares in the last quarter. SG Americas Securities LLC bought a new stake in NMI during the 3rd quarter worth approximately $156,000. Finally, Algert Global LLC bought a new stake in NMI during the 3rd quarter worth approximately $179,000. 83.57% of the stock is owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION WARNING: “NMI (NMIH) Lowered to Buy at BidaskClub” was originally reported by Community Financial News and is the sole property of of Community Financial News. If you are reading this article on another site, it was copied illegally and republished in violation of international trademark & copyright law. The original version of this article can be accessed at https://www.com-unik.info/2017/12/30/nmi-nmih-lowered-to-buy-at-bidaskclub.html.

About NMI

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)

What are top analysts saying about NMI? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for NMI and related companies.

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