ValuEngine upgraded shares of NMI (NASDAQ:NMIH) from a buy rating to a strong-buy rating in a research report report published on Monday.
Several other equities research analysts also recently commented on NMIH. BTIG Research reaffirmed a buy rating and set a $21.00 target price (up from $17.00) on shares of NMI in a report on Wednesday, December 20th. BidaskClub downgraded NMI from a strong-buy rating to a buy rating in a report on Saturday, December 30th. Zacks Investment Research downgraded NMI from a buy rating to a hold rating in a report on Wednesday, January 3rd. Deutsche Bank raised NMI from a hold rating to a buy rating and upped their target price for the company from $17.00 to $24.00 in a report on Monday, January 8th. Finally, Compass Point raised NMI from a neutral rating to a buy rating and set a $21.00 price objective for the company in a research note on Tuesday, February 6th. One analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. NMI presently has a consensus rating of Buy and an average target price of $21.86.
Shares of NASDAQ NMIH traded up $0.17 during mid-day trading on Monday, hitting $17.72. 143,181 shares of the company traded hands, compared to its average volume of 747,402. NMI has a 1 year low of $10.10 and a 1 year high of $21.92. The company has a market cap of $1,113.98, a price-to-earnings ratio of 30.79 and a beta of 0.87. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.28.
Institutional investors have recently made changes to their positions in the stock. First Mercantile Trust Co. purchased a new stake in NMI in the 4th quarter worth about $136,000. Macquarie Group Ltd. acquired a new position in NMI in the 3rd quarter worth about $113,000. Eqis Capital Management Inc. acquired a new position in NMI in the 4th quarter worth about $179,000. State of Alaska Department of Revenue acquired a new position in NMI in the 4th quarter worth about $180,000. Finally, Citadel Advisors LLC acquired a new position in NMI in the 3rd quarter worth about $141,000. 84.31% of the stock is owned by hedge funds and other institutional investors.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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