Keefe, Bruyette & Woods Issues Positive Forecast for NMI (NASDAQ:NMIH) Stock Price

NMI (NASDAQ:NMIH) had its price target lifted by Keefe, Bruyette & Woods from $43.00 to $44.00 in a research report sent to investors on Tuesday,Benzinga reports. They currently have a market perform rating on the financial services provider’s stock.

A number of other research firms have also recently weighed in on NMIH. Royal Bank of Canada cut their price target on NMI from $48.00 to $47.00 and set an “outperform” rating for the company in a report on Thursday, November 7th. StockNews.com downgraded shares of NMI from a “buy” rating to a “hold” rating in a research note on Wednesday, August 21st. Barclays raised their price target on shares of NMI from $43.00 to $48.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 8th. Finally, JPMorgan Chase & Co. cut their price objective on shares of NMI from $46.00 to $41.00 and set an “overweight” rating for the company in a research report on Monday. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $43.14.

NMI Trading Up 0.9 %

Shares of NMIH opened at $37.92 on Tuesday. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.83 and a quick ratio of 0.83. NMI has a 1-year low of $27.95 and a 1-year high of $42.49. The stock has a market cap of $3.00 billion, a price-to-earnings ratio of 8.68, a price-to-earnings-growth ratio of 0.96 and a beta of 1.10. The firm has a 50 day simple moving average of $39.28 and a 200-day simple moving average of $37.82.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Quarry LP grew its holdings in NMI by 135.1% in the second quarter. Quarry LP now owns 858 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 493 shares during the period. GAMMA Investing LLC grew its stake in shares of NMI by 57.2% during the 3rd quarter. GAMMA Investing LLC now owns 728 shares of the financial services provider’s stock valued at $30,000 after buying an additional 265 shares during the period. USA Financial Formulas acquired a new stake in shares of NMI during the 3rd quarter worth $57,000. Picton Mahoney Asset Management purchased a new position in shares of NMI in the 2nd quarter worth $63,000. Finally, CWM LLC boosted its holdings in NMI by 92.7% in the second quarter. CWM LLC now owns 2,974 shares of the financial services provider’s stock valued at $101,000 after acquiring an additional 1,431 shares during the last quarter. 94.12% of the stock is currently owned by hedge funds and other institutional investors.

NMI Company Profile

NMI Holdings, Inc provides private mortgage guaranty insurance services in the United States. The company offers mortgage insurance services, such as primary and pool insurance; 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.