NMI (NASDAQ:NMIH) Stock Rating Lowered by StockNews.com

NMI (NASDAQ:NMIH) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

Other analysts also recently issued reports about the stock. UBS Group downgraded shares of NMI from a “buy” rating to a “neutral” rating and raised their price objective for the company from $37.00 to $39.00 in a research report on Wednesday, May 22nd. Royal Bank of Canada raised their price target on NMI from $34.00 to $40.00 and gave the company a “sector perform” rating in a report on Wednesday, July 31st. Barclays upped their price objective on NMI from $41.00 to $43.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 31st. JPMorgan Chase & Co. lifted their target price on NMI from $40.00 to $42.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. Finally, Keefe, Bruyette & Woods upped their price target on NMI from $37.00 to $40.00 and gave the stock a “market perform” rating in a research note on Thursday, August 1st. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $40.00.

NMI Price Performance

NASDAQ NMIH opened at $38.56 on Wednesday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.89 and a current ratio of 0.67. The business’s fifty day moving average is $36.13 and its 200 day moving average is $32.93. The company has a market capitalization of $3.10 billion, a PE ratio of 9.54, a price-to-earnings-growth ratio of 0.94 and a beta of 1.09. NMI has a fifty-two week low of $25.62 and a fifty-two week high of $42.01.

NMI (NASDAQ:NMIH) last announced its quarterly earnings data on Tuesday, July 30th. The financial services provider reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.15. NMI had a return on equity of 18.29% and a net margin of 56.40%. The company had revenue of $162.12 million during the quarter, compared to the consensus estimate of $138.49 million. During the same period in the previous year, the company posted $0.95 EPS. The firm’s revenue was up 13.6% on a year-over-year basis. Sell-side analysts predict that NMI will post 4.33 earnings per share for the current year.

Insider Activity

In related news, Director Michael J. Embler sold 26,008 shares of the company’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $39.35, for a total transaction of $1,023,414.80. Following the sale, the director now owns 61,607 shares of the company’s stock, valued at $2,424,235.45. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 2.70% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Daiwa Securities Group Inc. bought a new stake in shares of NMI in the 4th quarter valued at approximately $27,000. Opal Wealth Advisors LLC purchased a new position in NMI during the second quarter worth $29,000. Quarry LP increased its position in NMI by 135.1% during the second quarter. Quarry LP now owns 858 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 493 shares during the last quarter. Fidelis Capital Partners LLC purchased a new stake in shares of NMI in the first quarter valued at $31,000. Finally, TFO Wealth Partners LLC lifted its holdings in shares of NMI by 24,500.0% in the 4th quarter. TFO Wealth Partners LLC now owns 1,230 shares of the financial services provider’s stock worth $37,000 after acquiring an additional 1,225 shares during the last quarter. Hedge funds and other institutional investors own 94.12% of the company’s stock.

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.