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.
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.
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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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