NMI (NASDAQ:NMIH) Price Target Lowered to $41.00 at UBS Group

NMI (NASDAQ:NMIH) had its price target trimmed by UBS Group from $42.00 to $41.00 in a research report sent to investors on Wednesday morning,Benzinga reports. The brokerage currently has a neutral rating on the financial services provider’s stock.

Several other brokerages also recently issued reports on NMIH. Barclays downgraded NMI from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $48.00 to $41.00 in a research report on Monday, January 6th. JPMorgan Chase & Co. decreased their price target on NMI from $46.00 to $41.00 and set an “overweight” rating for the company in a research note on Monday, December 9th. Royal Bank of Canada cut their price objective on shares of NMI from $48.00 to $47.00 and set an “outperform” rating on the stock in a research note on Thursday, November 7th. Finally, Keefe, Bruyette & Woods decreased their target price on shares of NMI from $44.00 to $43.00 and set a “market perform” rating for the company in a research report on Wednesday, January 8th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $42.29.

NMI Trading Down 0.8 %

NASDAQ:NMIH opened at $35.18 on Wednesday. NMI has a 12-month low of $28.73 and a 12-month high of $42.49. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.60 and a quick ratio of 0.83. The business has a 50 day simple moving average of $37.02 and a 200 day simple moving average of $38.60. The firm has a market capitalization of $2.78 billion, a P/E ratio of 7.94, a P/E/G ratio of 1.42 and a beta of 1.12.

NMI (NASDAQ:NMIH) last released its quarterly earnings results on Wednesday, February 12th. The financial services provider reported $1.07 EPS for the quarter, missing the consensus estimate of $1.14 by ($0.07). NMI had a return on equity of 17.33% and a net margin of 55.32%. Equities research analysts predict that NMI will post 4.62 EPS for the current year.

Hedge Funds Weigh In On NMI

Large investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in NMI by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 7,158,877 shares of the financial services provider’s stock valued at $263,160,000 after purchasing an additional 39,503 shares during the last quarter. State Street Corp increased its holdings in shares of NMI by 1.0% in the third quarter. State Street Corp now owns 3,565,348 shares of the financial services provider’s stock valued at $146,857,000 after buying an additional 35,351 shares in the last quarter. American Century Companies Inc. lifted its position in shares of NMI by 8.0% during the 4th quarter. American Century Companies Inc. now owns 1,957,179 shares of the financial services provider’s stock valued at $71,946,000 after acquiring an additional 145,591 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of NMI by 38.0% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,942,428 shares of the financial services provider’s stock worth $80,009,000 after acquiring an additional 534,818 shares in the last quarter. Finally, FMR LLC grew its holdings in shares of NMI by 7.6% in the 3rd quarter. FMR LLC now owns 1,517,092 shares of the financial services provider’s stock worth $62,489,000 after acquiring an additional 107,771 shares during the last quarter. Institutional investors own 94.12% of the company’s stock.

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.