NMI (NASDAQ: NMIH) has recently received a number of price target changes and ratings updates:

  • 8/6/2019 – NMI was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 8/2/2019 – NMI was given a new $30.00 price target on by analysts at B. Riley. They now have a “hold” rating on the stock.
  • 8/2/2019 – NMI was upgraded by analysts at Zelman & Associates from a “hold” rating to a “buy” rating.
  • 7/31/2019 – NMI was given a new $36.00 price target on by analysts at BTIG Research. They now have a “buy” rating on the stock.
  • 7/27/2019 – NMI was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 7/26/2019 – NMI was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $31.00 price target on the stock. 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. “
  • 7/24/2019 – NMI was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 7/16/2019 – NMI was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. 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. “
  • 6/26/2019 – NMI had its price target raised by analysts at B. Riley from $28.00 to $30.00. They now have a “neutral” rating on the stock.
  • 6/24/2019 – NMI was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.

Shares of NMIH stock traded up $0.40 on Tuesday, hitting $27.63. The stock had a trading volume of 10,834 shares, compared to its average volume of 585,647. NMI Holdings Inc has a twelve month low of $15.62 and a twelve month high of $31.34. The firm has a market cap of $1.86 billion, a price-to-earnings ratio of 16.64 and a beta of 1.29. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.43 and a current ratio of 0.43. The company has a fifty day simple moving average of $27.25.

NMI (NASDAQ:NMIH) last announced its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.04. NMI had a net margin of 41.31% and a return on equity of 19.65%. The company had revenue of $91.18 million during the quarter, compared to analyst estimates of $85.11 million. Research analysts expect that NMI Holdings Inc will post 2.4 earnings per share for the current year.

In other NMI news, CFO Adam Pollitzer sold 4,092 shares of the business’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $28.05, for a total transaction of $114,780.60. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 4.20% of the company’s stock.

Several large investors have recently made changes to their positions in the business. Arizona State Retirement System lifted its stake in NMI by 0.4% in the 1st quarter. Arizona State Retirement System now owns 102,474 shares of the financial services provider’s stock valued at $2,651,000 after purchasing an additional 370 shares during the last quarter. Louisiana State Employees Retirement System lifted its position in shares of NMI by 1.6% during the second quarter. Louisiana State Employees Retirement System now owns 25,200 shares of the financial services provider’s stock valued at $733,000 after purchasing an additional 400 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its position in shares of NMI by 1.8% during the first quarter. Oregon Public Employees Retirement Fund now owns 25,678 shares of the financial services provider’s stock valued at $664,000 after purchasing an additional 464 shares in the last quarter. State of Alaska Department of Revenue lifted its position in shares of NMI by 2.8% during the second quarter. State of Alaska Department of Revenue now owns 22,989 shares of the financial services provider’s stock valued at $652,000 after purchasing an additional 617 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System lifted its position in shares of NMI by 2.9% during the second quarter. State Board of Administration of Florida Retirement System now owns 23,167 shares of the financial services provider’s stock valued at $658,000 after purchasing an additional 660 shares in the last quarter. Hedge funds and other institutional investors own 91.56% of the company’s stock.

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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