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

Shares of NMI Holdings, Inc. (NASDAQ:NMIH) have been given a consensus rating of “Moderate Buy” by the seven brokerages that are presently covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $42.00.

Several research firms recently issued reports on NMIH. Keefe, Bruyette & Woods dropped their price target on shares of NMI from $44.00 to $43.00 and set a “market perform” rating on the stock in a research note on Wednesday, January 8th. Barclays downgraded shares of NMI from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $48.00 to $41.00 in a research note on Monday, January 6th. Royal Bank of Canada dropped their price target 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, JPMorgan Chase & Co. dropped their price target on shares of NMI from $46.00 to $41.00 and set an “overweight” rating on the stock in a research note on Monday, December 9th.

NMI Stock Performance

NASDAQ:NMIH opened at $37.72 on Tuesday. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $2.98 billion, a price-to-earnings ratio of 8.63, a PEG ratio of 0.82 and a beta of 1.12. The firm’s fifty day simple moving average is $37.66 and its 200 day simple moving average is $38.58. NMI has a twelve month low of $28.73 and a twelve month high of $42.49.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. GAMMA Investing LLC boosted its holdings in shares of NMI by 57.2% in the 3rd quarter. GAMMA Investing LLC now owns 728 shares of the financial services provider’s stock valued at $30,000 after buying an additional 265 shares during the period. Janney Montgomery Scott LLC boosted its holdings in shares of NMI by 2.2% in the 4th quarter. Janney Montgomery Scott LLC now owns 14,883 shares of the financial services provider’s stock valued at $547,000 after buying an additional 320 shares during the period. Tealwood Asset Management Inc. boosted its holdings in shares of NMI by 1.2% in the 4th quarter. Tealwood Asset Management Inc. now owns 32,192 shares of the financial services provider’s stock valued at $1,183,000 after buying an additional 376 shares during the period. Quarry LP boosted its holdings in shares of NMI by 135.1% in the 2nd quarter. Quarry LP now owns 858 shares of the financial services provider’s stock valued at $29,000 after buying an additional 493 shares during the period. Finally, Federated Hermes Inc. boosted its holdings in shares of NMI by 1.8% in the 2nd quarter. Federated Hermes Inc. now owns 33,570 shares of the financial services provider’s stock valued at $1,143,000 after buying an additional 593 shares during the period. 94.12% of the stock is owned by institutional investors and hedge funds.

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.