NMI Holdings Inc (NMIH) Receives $13.13 Average Price Target from Analysts
NMI Holdings Inc (NASDAQ:NMIH) has received an average recommendation of “Hold” from the seven ratings firms that are presently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and three have given a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $13.25.
Several equities research analysts have recently issued reports on NMIH shares. Deutsche Bank AG started coverage on NMI Holdings in a research report on Wednesday, July 5th. They issued a “buy” rating and a $14.50 price target on the stock. Keefe, Bruyette & Woods downgraded NMI Holdings from an “outperform” rating to a “market perform” rating and set a $13.00 price target on the stock. in a research report on Monday, July 17th. BidaskClub downgraded NMI Holdings from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Finally, Zacks Investment Research downgraded NMI Holdings from a “hold” rating to a “sell” rating in a research report on Tuesday, May 9th.
In other news, CEO Bradley M. Shuster sold 89,227 shares of the firm’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $11.81, for a total value of $1,053,770.87. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director James G. Jones sold 10,000 shares of the firm’s stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $11.25, for a total value of $112,500.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 159,227 shares of company stock worth $1,873,071. 5.40% of the stock is currently owned by company insiders.
Large investors have recently added to or reduced their stakes in the stock. Nisa Investment Advisors LLC boosted its stake in NMI Holdings by 9.1% in the second quarter. Nisa Investment Advisors LLC now owns 9,580 shares of the financial services provider’s stock valued at $101,000 after buying an additional 800 shares during the last quarter. Two Sigma Securities LLC bought a new stake in NMI Holdings during the first quarter valued at $131,000. Legal & General Group Plc boosted its stake in NMI Holdings by 8.8% in the second quarter. Legal & General Group Plc now owns 13,003 shares of the financial services provider’s stock valued at $149,000 after buying an additional 1,047 shares during the last quarter. Campbell & CO Investment Adviser LLC boosted its stake in NMI Holdings by 54.1% in the second quarter. Campbell & CO Investment Adviser LLC now owns 17,869 shares of the financial services provider’s stock valued at $205,000 after buying an additional 6,272 shares during the last quarter. Finally, Bank of Montreal Can boosted its stake in NMI Holdings by 1,484.7% in the second quarter. Bank of Montreal Can now owns 19,524 shares of the financial services provider’s stock valued at $224,000 after buying an additional 18,292 shares during the last quarter. Institutional investors and hedge funds own 80.98% of the company’s stock.
NMI Holdings (NMIH) traded up 2.13% on Friday, hitting $12.00. The company had a trading volume of 410,245 shares. The stock has a market cap of $718.34 million, a P/E ratio of 9.55 and a beta of 0.64. NMI Holdings has a 12-month low of $6.42 and a 12-month high of $12.55. The firm’s 50 day moving average price is $11.50 and its 200 day moving average price is $11.25.
NMI Holdings (NASDAQ:NMIH) last issued its quarterly earnings results on Tuesday, August 1st. The financial services provider reported $0.10 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.10. The company had revenue of $42.20 million for the quarter, compared to the consensus estimate of $41.13 million. NMI Holdings had a return on equity of 4.93% and a net margin of 14.24%. The firm’s revenue was up 43.1% compared to the same quarter last year. During the same period last year, the business posted $0.03 earnings per share. Equities analysts predict that NMI Holdings will post $0.56 earnings per share for the current fiscal year.
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NMI Holdings 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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