NMI (NASDAQ:NMIH) Price Target Lowered to $42.00 at Keefe, Bruyette & Woods

NMI (NASDAQ:NMIH) had its price target lowered by Keefe, Bruyette & Woods from $43.00 to $42.00 in a research report report published on Tuesday,Benzinga reports. Keefe, Bruyette & Woods currently has an outperform rating on the financial services provider’s stock.

Several other research analysts have also recently commented on the stock. UBS Group lowered their target price on shares of NMI from $42.00 to $41.00 and set a “neutral” rating on the stock in a report on Wednesday, February 19th. JPMorgan Chase & Co. lowered their price objective on NMI from $42.00 to $41.00 and set an “overweight” rating on the stock in a research note on Tuesday. Finally, Barclays downgraded NMI from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $48.00 to $41.00 in a research report on Monday, January 6th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $42.14.

NMI Stock Performance

NMIH opened at $32.84 on Tuesday. NMI has a 1 year low of $29.05 and a 1 year 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 company has a market capitalization of $2.57 billion, a PE ratio of 7.41, a price-to-earnings-growth ratio of 1.41 and a beta of 0.62. The business has a fifty day simple moving average of $35.85 and a 200 day simple moving average of $37.61.

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 net margin of 55.32% and a return on equity of 17.33%. Research analysts expect that NMI will post 4.62 EPS for the current year.

Insider Buying and Selling at NMI

In related news, EVP Norman Peter Fitzgerald sold 20,000 shares of the company’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $35.88, for a total transaction of $717,600.00. Following the completion of the sale, the executive vice president now directly owns 37,470 shares in the company, valued at $1,344,423.60. This represents a 34.80 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Mohammad Nawaz Yousaf sold 1,083 shares of the firm’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $35.44, for a total value of $38,381.52. Following the completion of the sale, the executive vice president now directly owns 49,218 shares in the company, valued at $1,744,285.92. This trade represents a 2.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.70% of the company’s stock.

Hedge Funds Weigh In On NMI

A number of institutional investors have recently added to or reduced their stakes in NMIH. Principal Securities Inc. boosted its position in NMI by 66.5% in the fourth quarter. Principal Securities Inc. now owns 716 shares of the financial services provider’s stock valued at $26,000 after buying an additional 286 shares in the last quarter. Smartleaf Asset Management LLC lifted its stake in shares of NMI by 288.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,868 shares of the financial services provider’s stock valued at $69,000 after acquiring an additional 1,387 shares during the last quarter. Covestor Ltd boosted its holdings in shares of NMI by 601.1% during the 4th quarter. Covestor Ltd now owns 1,893 shares of the financial services provider’s stock valued at $70,000 after acquiring an additional 1,623 shares in the last quarter. Sterling Capital Management LLC grew its position in NMI by 786.1% during the 4th quarter. Sterling Capital Management LLC now owns 2,295 shares of the financial services provider’s stock worth $84,000 after acquiring an additional 2,036 shares during the last quarter. Finally, KBC Group NV increased its holdings in NMI by 38.3% in the 4th quarter. KBC Group NV now owns 3,221 shares of the financial services provider’s stock worth $118,000 after purchasing an additional 892 shares in the last quarter. 94.12% of the stock is currently owned by institutional investors and hedge funds.

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.