Zacks Investment Research downgraded shares of NMI (NASDAQ:NMIH) from a buy rating to a hold rating in a research note issued to investors on Wednesday morning.

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. “

NMIH has been the subject of a number of other reports. Barclays set a $27.00 target price on shares of NMI and gave the company a buy rating in a research report on Friday, December 14th. ValuEngine downgraded shares of NMI from a buy rating to a hold rating in a research report on Tuesday, November 20th. JPMorgan Chase & Co. assumed coverage on shares of NMI in a research report on Tuesday, December 11th. They set an overweight rating and a $25.00 target price for the company. BidaskClub raised shares of NMI from a hold rating to a buy rating in a research report on Friday, January 25th. Finally, B. Riley increased their target price on shares of NMI from $23.00 to $26.00 and gave the company a buy rating in a research report on Thursday, February 14th. One analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of Buy and a consensus price target of $25.22.

NMI stock opened at $25.73 on Wednesday. NMI has a twelve month low of $13.35 and a twelve month high of $26.28. The company has a market cap of $1.72 billion, a PE ratio of 15.50 and a beta of 1.38. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.21.

NMI (NASDAQ:NMIH) last released its earnings results on Tuesday, February 12th. The financial services provider reported $0.46 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.01. NMI had a net margin of 39.24% and a return on equity of 17.47%. The firm had revenue of $76.26 million during the quarter, compared to the consensus estimate of $77.40 million. On average, equities analysts expect that NMI will post 2.21 EPS for the current fiscal year.

In related news, Director Steven Scheid sold 13,300 shares of the firm’s stock in a transaction that occurred on Wednesday, February 13th. The shares were sold at an average price of $22.45, for a total value of $298,585.00. Following the completion of the transaction, the director now directly owns 67,491 shares of the company’s stock, valued at approximately $1,515,172.95. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Bradley M. Shuster sold 88,423 shares of the firm’s stock in a transaction that occurred on Thursday, February 21st. The stock was sold at an average price of $24.75, for a total transaction of $2,188,469.25. Following the completion of the transaction, the insider now directly owns 728,795 shares of the company’s stock, valued at $18,037,676.25. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 340,502 shares of company stock valued at $8,433,377. 5.70% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Piedmont Investment Advisors Inc. boosted its holdings in NMI by 4.2% in the 4th quarter. Piedmont Investment Advisors Inc. now owns 15,718 shares of the financial services provider’s stock worth $281,000 after buying an additional 635 shares during the period. United Services Automobile Association lifted its stake in NMI by 4.3% in the 4th quarter. United Services Automobile Association now owns 18,111 shares of the financial services provider’s stock worth $323,000 after purchasing an additional 744 shares in the last quarter. Comerica Bank lifted its stake in NMI by 1.2% in the 4th quarter. Comerica Bank now owns 64,493 shares of the financial services provider’s stock worth $1,403,000 after purchasing an additional 778 shares in the last quarter. Legal & General Group Plc lifted its stake in NMI by 0.6% in the 4th quarter. Legal & General Group Plc now owns 140,750 shares of the financial services provider’s stock worth $2,499,000 after purchasing an additional 796 shares in the last quarter. Finally, Neuburgh Advisers LLC lifted its stake in NMI by 13.1% in the 4th quarter. Neuburgh Advisers LLC now owns 7,200 shares of the financial services provider’s stock worth $128,000 after purchasing an additional 832 shares in the last quarter. 90.52% of the stock is owned by institutional investors.

NMI Company Profile

NMI Holdings, Inc, through its subsidiaries, provides private mortgage guaranty insurance services in the United States. The company offers mortgage insurance; reinsurance on loans; and outsourced loan review services to mortgage loan originators. It serves national and regional mortgage banks, money center banks, credit unions, community banks, builder-owned mortgage lenders, Internet-sourced lenders, and other non-bank lenders.

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