Analysts Set NMI Holdings, Inc. (NASDAQ:NMIH) PT at $42.00

Shares of NMI Holdings, Inc. (NASDAQ:NMIH) have received an average rating of “Moderate Buy” from the seven ratings firms that are covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $42.00.

NMIH has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods dropped their price objective on shares of NMI from $44.00 to $43.00 and set a “market perform” rating on the stock in a report on Wednesday, January 8th. JPMorgan Chase & Co. dropped their price objective on NMI from $46.00 to $41.00 and set an “overweight” rating on the stock in a research note on Monday, December 9th. Barclays downgraded shares of NMI from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $48.00 to $41.00 in a research note on Monday, January 6th. Finally, Royal Bank of Canada reduced their price objective on shares of NMI from $48.00 to $47.00 and set an “outperform” rating for the company in a research report on Thursday, November 7th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Principal Securities Inc. grew its position in NMI by 66.5% in the 4th quarter. Principal Securities Inc. now owns 716 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 286 shares during the period. GAMMA Investing LLC boosted its holdings in NMI by 57.2% during the third quarter. GAMMA Investing LLC now owns 728 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 265 shares during the last quarter. USA Financial Formulas bought a new position in shares of NMI in the third quarter valued at approximately $57,000. Smartleaf Asset Management LLC grew its stake in NMI by 288.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,868 shares of the financial services provider’s stock valued at $69,000 after purchasing an additional 1,387 shares during the period. Finally, KBC Group NV grew its position in NMI by 38.3% during the fourth quarter. KBC Group NV now owns 3,221 shares of the financial services provider’s stock valued at $118,000 after buying an additional 892 shares during the period. 94.12% of the stock is owned by institutional investors.

NMI Stock Down 2.7 %

Shares of NASDAQ NMIH opened at $35.16 on Friday. NMI has a 12-month low of $28.73 and a 12-month high of $42.49. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.19. The firm’s 50-day simple moving average is $37.41 and its 200 day simple moving average is $38.75. The company has a market cap of $2.78 billion, a price-to-earnings ratio of 7.94, a price-to-earnings-growth ratio of 0.92 and a beta of 1.12.

NMI (NASDAQ:NMIH) last released its earnings results on Wednesday, February 12th. The financial services provider reported $1.07 EPS for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.07). NMI had a return on equity of 17.64% and a net margin of 55.32%. On average, research analysts expect that NMI will post 4.68 earnings per share for the current fiscal year.

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.