NMI Holdings Inc (NMIH) Price Target Raised to $16.00 at Compass Point

NMI Holdings Inc (NASDAQ:NMIH) had its price target raised by Compass Point from $13.00 to $16.00 in a research report released on Thursday, November 2nd, Marketbeat Ratings reports. They currently have a neutral rating on the financial services provider’s stock.

Several other research analysts also recently commented on the stock. Deutsche Bank AG initiated coverage on shares of NMI Holdings in a research report on Wednesday, July 5th. They set a buy rating and a $14.50 target price on the stock. Keefe, Bruyette & Woods upgraded shares of NMI Holdings from a market perform rating to an outperform rating in a research report on Tuesday, September 5th. ValuEngine upgraded shares of NMI Holdings from a hold rating to a buy rating in a research report on Friday, September 1st. Zacks Investment Research raised shares of NMI Holdings from a hold rating to a strong-buy rating and set a $15.00 price objective on the stock in a research report on Saturday, October 14th. Finally, Singular Research initiated coverage on shares of NMI Holdings in a research report on Monday, October 16th. They issued a buy rating and a $16.00 price objective on the stock. One research analyst has rated the stock with a sell rating, three have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of Buy and an average target price of $15.93.

Shares of NMI Holdings (NASDAQ:NMIH) opened at $16.65 on Thursday. NMI Holdings has a 1 year low of $8.55 and a 1 year high of $17.08. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.24 and a current ratio of 0.24. The stock has a market cap of $999.55, a price-to-earnings ratio of 28.60 and a beta of 0.75.

NMI Holdings (NASDAQ:NMIH) last issued its earnings results on Wednesday, November 1st. The financial services provider reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.06. NMI Holdings had a net margin of 51.80% and a return on equity of 6.95%. The company had revenue of $48.95 million during the quarter, compared to the consensus estimate of $45.79 million. During the same quarter in the prior year, the firm posted $0.10 EPS. NMI Holdings’s quarterly revenue was up 37.8% compared to the same quarter last year. sell-side analysts forecast that NMI Holdings will post 0.56 earnings per share for the current year.

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In other NMI Holdings news, VP Julie Norberg sold 16,600 shares of the firm’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $16.73, for a total value of $277,718.00. Following the completion of the transaction, the vice president now owns 32,305 shares of the company’s stock, valued at $540,462.65. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP William J. Leatherberry purchased 5,000 shares of the firm’s stock in a transaction on Tuesday, August 29th. The stock was bought at an average cost of $10.65 per share, with a total value of $53,250.00. The disclosure for this purchase can be found here. 5.40% of the stock is currently owned by company insiders.

Several institutional investors have recently modified their holdings of the stock. Hancock Holding Co. raised its holdings in shares of NMI Holdings by 4.3% during the second quarter. Hancock Holding Co. now owns 17,365 shares of the financial services provider’s stock worth $199,000 after purchasing an additional 715 shares during the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of NMI Holdings by 9.1% during the second quarter. Nisa Investment Advisors LLC now owns 9,580 shares of the financial services provider’s stock worth $101,000 after purchasing an additional 800 shares during the last quarter. Legal & General Group Plc raised its holdings in shares of NMI Holdings by 8.8% during the second quarter. Legal & General Group Plc now owns 13,003 shares of the financial services provider’s stock worth $149,000 after purchasing an additional 1,047 shares during the last quarter. Falcon Point Capital LLC raised its holdings in shares of NMI Holdings by 0.5% during the second quarter. Falcon Point Capital LLC now owns 204,271 shares of the financial services provider’s stock worth $2,339,000 after purchasing an additional 1,055 shares during the last quarter. Finally, Alpine Woods Capital Investors LLC raised its holdings in shares of NMI Holdings by 10.0% during the second quarter. Alpine Woods Capital Investors LLC now owns 22,000 shares of the financial services provider’s stock worth $252,000 after purchasing an additional 2,000 shares during the last quarter. 84.47% of the stock is owned by hedge funds and other institutional investors.

About NMI Holdings

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).

Analyst Recommendations for NMI Holdings (NASDAQ:NMIH)

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