B. Riley reissued their buy rating on shares of NMI Holdings Inc (NASDAQ:NMIH) in a report issued on Monday, November 6th. B. Riley also issued estimates for NMI’s FY2017 earnings at $0.55 EPS, FY2018 earnings at $1.05 EPS and FY2019 earnings at $1.40 EPS.
Other research analysts have also issued research reports about the stock. Deutsche Bank AG set a $15.00 price objective on shares of NMI and gave the company a buy rating in a report on Wednesday, August 2nd. ValuEngine upgraded shares of NMI from a hold rating to a buy rating in a report on Friday, September 1st. Singular Research started coverage on shares of NMI in a report on Monday, October 16th. They issued a buy rating and a $16.00 price objective for the company. Keefe, Bruyette & Woods restated a buy rating and set a $19.50 price target on shares of NMI in a report on Friday, November 3rd. Finally, BTIG Research restated a buy rating and set a $17.00 price target on shares of NMI in a report on Sunday, November 5th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of Buy and an average target price of $15.93.
NMI (NASDAQ:NMIH) traded up $0.05 on Monday, hitting $16.50. 205,796 shares of the stock were exchanged, compared to its average volume of 818,496. NMI has a one year low of $8.55 and a one year high of $17.08. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.28. The firm has a market cap of $987.54, a P/E ratio of 28.86 and a beta of 0.75.
In related news, EVP William J. Leatherberry acquired 5,000 shares of NMI stock in a transaction dated Tuesday, August 29th. The stock was bought at an average price of $10.65 per share, with a total value of $53,250.00. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Julie Norberg sold 16,600 shares of the firm’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $16.73, for a total transaction of $277,718.00. Following the sale, the vice president now directly owns 32,305 shares of the company’s stock, valued at approximately $540,462.65. The disclosure for this sale can be found here. Company insiders own 5.40% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of NMIH. Capital Research Global Investors grew its position in NMI by 72.5% in the 2nd quarter. Capital Research Global Investors now owns 3,481,202 shares of the financial services provider’s stock valued at $39,860,000 after purchasing an additional 1,462,624 shares during the period. Wells Fargo & Company MN grew its position in NMI by 849.8% in the 2nd quarter. Wells Fargo & Company MN now owns 618,321 shares of the financial services provider’s stock valued at $7,081,000 after purchasing an additional 553,221 shares during the period. Dimensional Fund Advisors LP grew its position in NMI by 22.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,445,052 shares of the financial services provider’s stock valued at $27,996,000 after purchasing an additional 446,918 shares during the period. Alliancebernstein L.P. grew its position in NMI by 531.7% in the 2nd quarter. Alliancebernstein L.P. now owns 289,320 shares of the financial services provider’s stock valued at $3,313,000 after purchasing an additional 243,520 shares during the period. Finally, Vanguard Group Inc. grew its position in NMI by 10.3% in the 2nd quarter. Vanguard Group Inc. now owns 2,569,591 shares of the financial services provider’s stock valued at $29,421,000 after purchasing an additional 239,387 shares during the period. 84.47% of the stock is owned by institutional investors and hedge funds.
NMI Holdings, Inc (NMIH) provides private mortgage guaranty insurance through its insurance subsidiaries. The Company’s primary insurance subsidiary, National Mortgage Insurance Corporation (NMIC), is a mortgage insurance (MI) provider on loans purchased by the Government-sponsored enterprises (GSEs).
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