Analysts at Susquehanna Bancshares began coverage on shares of NMI (NASDAQ:NMIH) in a research note issued on Tuesday. The firm set a “positive” rating and a $26.00 price target on the financial services provider’s stock. Susquehanna Bancshares’ price objective would indicate a potential upside of 25.91% from the stock’s previous close.
A number of other equities analysts have also commented on NMIH. Deutsche Bank set a $16.00 price target on NMI and gave the stock a “buy” rating in a report on Wednesday, October 25th. Compass Point raised their price target on NMI from $13.00 to $16.00 and gave the stock a “neutral” rating in a report on Thursday, November 2nd. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $19.50 price target on shares of NMI in a report on Friday, November 3rd. BTIG Research reaffirmed a “buy” rating and issued a $17.00 price target on shares of NMI in a report on Sunday, November 5th. Finally, B. Riley reissued a “buy” rating on shares of NMI in a research note on Monday, November 6th. Eight research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. NMI has a consensus rating of “Buy” and an average target price of $21.07.
NMI (NASDAQ:NMIH) traded up $0.10 during trading on Tuesday, hitting $20.65. The stock had a trading volume of 708,113 shares, compared to its average volume of 513,563. NMI has a 52-week low of $10.10 and a 52-week high of $21.55. The company has a quick ratio of 0.24, a current ratio of 0.25 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $1,240.00, a price-to-earnings ratio of 59.00 and a beta of 0.88.
In related news, COO Claudia J. Merkle sold 15,000 shares of NMI stock in a transaction 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 document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Patrick L. Mathis sold 10,000 shares of NMI stock in a transaction on Thursday, November 30th. The shares were 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. 5.40% of the stock is currently owned by company insiders.
A number of large investors have recently bought and sold shares of NMIH. Macquarie Group Ltd. bought a new stake in NMI during the third quarter valued at $113,000. First Mercantile Trust Co. bought a new stake in NMI during the fourth quarter worth about $136,000. Citadel Advisors LLC bought a new stake in NMI during the third quarter worth about $141,000. SG Americas Securities LLC bought a new stake in NMI during the third quarter worth about $156,000. Finally, Algert Global LLC bought a new stake in NMI during the third quarter worth about $179,000. 88.14% of the stock is owned by institutional investors.
TRADEMARK VIOLATION NOTICE: “NMI (NMIH) Earns Positive Rating from Analysts at Susquehanna Bancshares” was posted by Community Financial News and is the property of of Community Financial News. If you are reading this report on another site, it was stolen and republished in violation of international trademark and copyright legislation. The legal version of this report can be read at https://www.com-unik.info/2018/02/20/nmi-nmih-earns-positive-rating-from-analysts-at-susquehanna-bancshares.html.
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).
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.