Susquehanna Bancshares Initiates Coverage on NMI (NMIH)

Susquehanna Bancshares began coverage on shares of NMI (NASDAQ:NMIH) in a research note issued to investors on Tuesday morning. The firm issued a positive rating and a $26.00 price objective on the financial services provider’s stock.

Other analysts have also recently issued research reports about the company. Deutsche Bank cut NMI from a buy rating to a hold rating and set a $16.00 target price on the stock. in a research report on Friday, November 3rd. B. Riley reissued a buy rating on shares of NMI in a report on Monday, November 6th. BidaskClub lowered NMI from a strong-buy rating to a buy rating in a report on Saturday, December 30th. ValuEngine raised NMI from a hold rating to a buy rating in a report on Friday, February 2nd. Finally, Compass Point raised NMI from a neutral rating to a buy rating and set a $21.00 price target on the stock in a report on Tuesday, February 6th. Eight research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. The company presently has an average rating of Buy and an average price target of $21.07.

Shares of NMI (NASDAQ:NMIH) opened at $21.10 on Tuesday. The company has a current ratio of 0.25, a quick ratio of 0.24 and a debt-to-equity ratio of 0.28. NMI has a 52-week low of $10.10 and a 52-week high of $21.70. The company has a market capitalization of $1,291.01, a PE ratio of 33.28 and a beta of 0.88.

NMI (NASDAQ:NMIH) last posted its earnings results on Thursday, February 15th. The financial services provider reported $0.22 EPS for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.05. NMI had a return on equity of 7.89% and a net margin of 12.07%. The business had revenue of $54.54 million for the quarter, compared to analysts’ expectations of $51.32 million. During the same quarter in the previous year, the firm earned $0.04 earnings per share. The business’s revenue was up 48.9% compared to the same quarter last year. research analysts forecast that NMI will post 1.38 EPS for the current fiscal year.

In other NMI news, EVP Patrick L. Mathis sold 10,000 shares of NMI stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $16.99, for a total value of $169,900.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO Claudia J. Merkle sold 15,000 shares of NMI stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $17.80, for a total value of $267,000.00. The disclosure for this sale can be found here. Company insiders own 5.40% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in NMIH. Northern Trust Corp boosted its holdings in NMI by 13.5% in the 2nd quarter. Northern Trust Corp now owns 620,784 shares of the financial services provider’s stock valued at $7,108,000 after purchasing an additional 73,856 shares in the last quarter. Vanguard Group Inc. boosted its holdings 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 in the last quarter. California Public Employees Retirement System boosted its holdings in NMI by 63.8% in the 2nd quarter. California Public Employees Retirement System now owns 34,400 shares of the financial services provider’s stock valued at $394,000 after purchasing an additional 13,400 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings 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 in the last quarter. Finally, Voya Investment Management LLC boosted its holdings in NMI by 10.6% in the 2nd quarter. Voya Investment Management LLC now owns 29,341 shares of the financial services provider’s stock valued at $336,000 after purchasing an additional 2,805 shares in the last quarter. 88.14% of the stock is currently owned by institutional investors.

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NMI Company Profile

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 (NASDAQ:NMIH)

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