NMI (NASDAQ:NMIH) Stock Rating Lowered by Barclays

Barclays cut shares of NMI (NASDAQ:NMIH) from an overweight rating to an equal weight rating in a report released on Monday, MarketBeat Ratings reports. They currently have $41.00 price target on the financial services provider’s stock, down from their prior price target of $48.00.

NMIH has been the topic of several other research reports. Keefe, Bruyette & Woods lifted their target price on shares of NMI from $43.00 to $44.00 and gave the stock a “market perform” rating in a research note on Tuesday, December 10th. Royal Bank of Canada lowered their price target on shares of NMI from $48.00 to $47.00 and set an “outperform” rating on the stock in a research report on Thursday, November 7th. 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 report on Monday, December 9th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $42.00.

NMI Stock Performance

Shares of NASDAQ:NMIH opened at $35.68 on Monday. 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 $28.67 and a 1 year high of $42.49. The firm has a market capitalization of $2.82 billion, a PE ratio of 8.16, a P/E/G ratio of 0.92 and a beta of 1.12. The business’s 50 day moving average price is $37.93 and its 200-day moving average price is $38.42.

Hedge Funds Weigh In On NMI

A number of institutional investors have recently bought and sold shares of NMIH. GAMMA Investing LLC increased its holdings 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 worth $30,000 after buying an additional 265 shares during the last quarter. Quarry LP grew its position in NMI by 135.1% in the second quarter. Quarry LP now owns 858 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 493 shares during the period. Federated Hermes Inc. increased its stake in NMI by 1.8% during the second quarter. Federated Hermes Inc. now owns 33,570 shares of the financial services provider’s stock worth $1,143,000 after acquiring an additional 593 shares during the last quarter. Diversified Trust Co raised its position in NMI by 2.9% in the third quarter. Diversified Trust Co now owns 28,567 shares of the financial services provider’s stock valued at $1,177,000 after purchasing an additional 805 shares during the period. Finally, Profund Advisors LLC lifted its stake in shares of NMI by 11.9% in the 2nd quarter. Profund Advisors LLC now owns 7,775 shares of the financial services provider’s stock valued at $265,000 after purchasing an additional 824 shares during the last quarter. 94.12% of the stock is owned by hedge funds and other institutional investors.

About NMI

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.