ValuEngine downgraded shares of NMI (NASDAQ:NMIH) from a buy rating to a hold rating in a research report sent to investors on Monday morning.
Several other equities analysts have also recently weighed in on NMIH. B. Riley restated a buy rating on shares of NMI in a report on Monday, November 6th. BidaskClub raised NMI from a sell rating to a hold rating in a research note on Wednesday, August 9th. Keefe, Bruyette & Woods raised NMI from a market perform rating to an outperform rating in a research note on Tuesday, September 5th. Zacks Investment Research raised NMI from a hold rating to a strong-buy rating and set a $15.00 price objective for the company in a research note on Saturday, October 14th. Finally, Compass Point reaffirmed a neutral rating and issued a $13.00 price objective on shares of NMI in a research note on Saturday, October 14th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. NMI presently has an average rating of Buy and an average price target of $15.93.
Shares of NMI (NMIH) traded up $0.05 during trading on Monday, hitting $17.35. The stock had a trading volume of 349,900 shares, compared to its average volume of 549,385. NMI has a 1 year low of $9.25 and a 1 year high of $17.95. The stock has a market cap of $1,060.00, a price-to-earnings ratio of 30.35 and a beta of 0.84. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.28.
In other news, COO Claudia J. Merkle sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $17.80, for a total value of $267,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Patrick L. Mathis sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $16.99, for a total value of $169,900.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 41,600 shares of company stock valued at $714,618. 5.40% of the stock is currently owned by insiders.
Hedge funds have recently bought and sold shares of the company. Quantum Capital Management purchased a new stake in shares of NMI in the 3rd quarter valued at approximately $931,000. Renaissance Technologies LLC lifted its position in shares of NMI by 2.2% in the second quarter. Renaissance Technologies LLC now owns 2,024,900 shares of the financial services provider’s stock worth $23,185,000 after purchasing an additional 44,182 shares in the last quarter. American Century Companies Inc. lifted its position in shares of NMI by 2.5% in the second quarter. American Century Companies Inc. now owns 620,371 shares of the financial services provider’s stock worth $7,103,000 after purchasing an additional 15,107 shares in the last quarter. Wells Fargo & Company MN increased its holdings in NMI by 849.8% during the second quarter. Wells Fargo & Company MN now owns 618,321 shares of the financial services provider’s stock worth $7,081,000 after buying an additional 553,221 shares during the last quarter. Finally, Capital Research Global Investors increased its holdings in shares of NMI by 72.5% in the second quarter. Capital Research Global Investors now owns 3,481,202 shares of the financial services provider’s stock valued at $39,860,000 after purchasing an additional 1,462,624 shares during the last quarter. Institutional investors and hedge funds own 83.57% of the company’s stock.
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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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