Singular Research began coverage on shares of NMI Holdings Inc (NASDAQ:NMIH) in a report released on Monday morning. The firm issued a buy rating and a $16.00 price target on the financial services provider’s stock.

Other research analysts also recently issued reports about the stock. BidaskClub upgraded shares of NMI Holdings from a sell rating to a hold rating in a research report on Wednesday, August 9th. Keefe, Bruyette & Woods downgraded shares of NMI Holdings from an outperform rating to a market perform rating and set a $13.00 price objective for the company. in a research report on Monday, July 17th. Zacks Investment Research upgraded shares of NMI Holdings from a sell rating to a hold rating in a research report on Thursday, August 10th. ValuEngine upgraded shares of NMI Holdings from a hold rating to a buy rating in a research report on Friday, September 1st. Finally, Compass Point downgraded shares of NMI Holdings from a buy rating to a neutral rating and set a $13.00 price objective for the company. in a research report on Tuesday, August 8th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. NMI Holdings has an average rating of Buy and an average target price of $13.86.

Shares of NMI Holdings (NASDAQ NMIH) opened at 13.45 on Monday. The stock has a 50 day moving average price of $11.62 and a 200 day moving average price of $11.48. The company has a market capitalization of $805.14 million, a price-to-earnings ratio of 10.70 and a beta of 0.69. NMI Holdings has a 1-year low of $7.50 and a 1-year high of $13.60.

NMI Holdings (NASDAQ:NMIH) last announced its quarterly earnings data on Tuesday, August 1st. The financial services provider reported $0.10 EPS for the quarter, meeting the consensus estimate of $0.10. NMI Holdings had a net margin of 52.34% and a return on equity of 5.95%. The business had revenue of $42.20 million during the quarter, compared to the consensus estimate of $41.13 million. During the same period in the previous year, the business earned $0.03 earnings per share. The company’s revenue was up 43.1% on a year-over-year basis. Analysts forecast that NMI Holdings will post $0.51 earnings per share for the current year.

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In related news, CEO Bradley M. Shuster sold 89,227 shares of the business’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $11.81, for a total value of $1,053,770.87. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP William J. Leatherberry acquired 5,000 shares of NMI Holdings stock in a transaction that occurred on Tuesday, August 29th. The stock was acquired at an average cost of $10.65 per share, for a total transaction of $53,250.00. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 149,227 shares of company stock worth $1,760,571. Insiders own 5.40% of the company’s stock.

Several institutional investors have recently modified their holdings of NMIH. Wells Fargo & Company MN grew its stake in shares of NMI Holdings by 99.0% in the first quarter. Wells Fargo & Company MN now owns 65,100 shares of the financial services provider’s stock worth $742,000 after purchasing an additional 32,389 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of NMI Holdings by 4.2% in the first quarter. Bank of New York Mellon Corp now owns 481,960 shares of the financial services provider’s stock worth $5,494,000 after purchasing an additional 19,354 shares during the last quarter. American International Group Inc. grew its stake in shares of NMI Holdings by 7.1% in the first quarter. American International Group Inc. now owns 30,430 shares of the financial services provider’s stock worth $347,000 after purchasing an additional 2,022 shares during the last quarter. Cornerstone Capital Management Holdings LLC. grew its stake in shares of NMI Holdings by 1,532.2% in the first quarter. Cornerstone Capital Management Holdings LLC. now owns 86,504 shares of the financial services provider’s stock worth $985,000 after purchasing an additional 81,204 shares during the last quarter. Finally, Wellington Management Group LLP grew its stake in shares of NMI Holdings by 55.3% in the first quarter. Wellington Management Group LLP now owns 2,177,377 shares of the financial services provider’s stock worth $24,822,000 after purchasing an additional 775,534 shares during the last quarter. 84.86% of the stock is currently owned by institutional investors.

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).

Analyst Recommendations for NMI Holdings (NASDAQ:NMIH)

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