Analysts’ Weekly Ratings Updates for NMI (NMIH)

Several brokerages have updated their recommendations and price targets on shares of NMI (NASDAQ: NMIH) in the last few weeks:

  • 1/18/2018 – NMI was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 1/9/2018 – NMI was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $20.00 price target on the stock. According to Zacks, “NMI Holdings, Inc., through its subsidiaries, provides private mortgage insurance in the United States. NMI Holdings, Inc. is based in Emeryville, California. “
  • 1/8/2018 – NMI was upgraded by analysts at Deutsche Bank AG from a “hold” rating to a “buy” rating. They now have a $24.00 price target on the stock, up previously from $17.00.
  • 1/3/2018 – NMI was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “NMI Holdings, Inc., through its subsidiaries, provides private mortgage insurance in the United States. NMI Holdings, Inc. is based in Emeryville, California. “
  • 12/30/2017 – NMI was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 12/20/2017 – NMI had its “buy” rating reaffirmed by analysts at BTIG Research. They now have a $21.00 price target on the stock, up previously from $17.00.
  • 12/4/2017 – NMI was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.

Shares of NMI Holdings Inc (NASDAQ NMIH) traded up $0.40 during trading hours on Monday, reaching $20.00. The company’s stock had a trading volume of 221,738 shares, compared to its average volume of 523,171. The firm has a market capitalization of $1,200.00, a price-to-earnings ratio of 14.08 and a beta of 0.84. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.24 and a quick ratio of 0.24. NMI Holdings Inc has a 12 month low of $10.10 and a 12 month high of $20.05.

NMI (NASDAQ:NMIH) last issued its earnings results on Wednesday, November 1st. The financial services provider reported $0.20 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.06. NMI had a return on equity of 6.95% and a net margin of 51.80%. The company had revenue of $48.95 million during the quarter, compared to the consensus estimate of $45.79 million. During the same quarter in the prior year, the business earned $0.10 earnings per share. The company’s revenue was up 37.8% compared to the same quarter last year. research analysts predict that NMI Holdings Inc will post 0.55 EPS for the current year.

In other NMI news, VP Julie Norberg sold 16,600 shares of the company’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $16.73, for a total transaction of $277,718.00. Following the sale, the vice president now owns 32,305 shares in the company, valued at $540,462.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, COO Claudia J. Merkle sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, December 4th. The shares were 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. Insiders sold 41,600 shares of company stock valued at $714,618 in the last three months. 5.40% of the stock is currently owned by company insiders.

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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