BidaskClub upgraded shares of NMI (NASDAQ:NMIH) from a buy rating to a strong-buy rating in a research note issued to investors on Thursday, January 18th.
NMIH has been the topic of several other reports. Zacks Investment Research raised NMI from a hold rating to a strong-buy rating and set a $15.00 target price on the stock in a report on Saturday, October 14th. Singular Research started coverage on NMI in a report on Monday, October 16th. They issued a buy rating and a $16.00 target price on the stock. Deutsche Bank raised NMI from a hold rating to a buy rating and boosted their target price for the stock from $17.00 to $24.00 in a report on Monday, January 8th. BTIG Research reissued a buy rating and issued a $17.00 target price on shares of NMI in a report on Sunday, November 5th. Finally, Keefe, Bruyette & Woods reissued a buy rating and issued a $19.50 target price on shares of NMI in a report on Friday, November 3rd. Eight analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. The company presently has a consensus rating of Buy and an average target price of $19.07.
Shares of NMI (NMIH) traded up $0.25 on Thursday, hitting $18.50. The stock had a trading volume of 258,506 shares, compared to its average volume of 510,474. The firm has a market cap of $1,092.60, a P/E ratio of 13.04 and a beta of 0.88. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.28. NMI has a fifty-two week low of $10.10 and a fifty-two week high of $20.38.
Institutional investors have recently modified their holdings of the business. Quantum Capital Management bought a new stake in shares of NMI during the 3rd quarter valued at $931,000. Sterling Capital Management LLC raised its position in shares of NMI by 31.8% during the 3rd quarter. Sterling Capital Management LLC now owns 33,100 shares of the financial services provider’s stock valued at $410,000 after acquiring an additional 7,987 shares during the last quarter. Renaissance Technologies LLC grew its holdings in shares of NMI by 2.2% in the 2nd quarter. Renaissance Technologies LLC now owns 2,024,900 shares of the financial services provider’s stock valued at $23,185,000 after buying an additional 44,182 shares during the period. Schwab Charles Investment Management Inc. grew its holdings in shares of NMI by 11.8% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 260,892 shares of the financial services provider’s stock valued at $3,236,000 after buying an additional 27,476 shares during the period. Finally, State Street Corp grew its holdings in shares of NMI by 6.3% in the 2nd quarter. State Street Corp now owns 966,458 shares of the financial services provider’s stock valued at $11,069,000 after buying an additional 56,882 shares during the period. Institutional investors own 84.21% 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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