Shares of NMI Holdings Inc (NASDAQ:NMIH) have been assigned an average recommendation of “Buy” from the six research firms that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation and four have given a buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $12.00.
A number of analysts have recently issued reports on the company. Deutsche Bank AG assumed coverage on NMI Holdings in a research report on Wednesday, July 5th. They set a “buy” rating and a $14.50 price objective on the stock. Zacks Investment Research cut NMI Holdings from a “hold” rating to a “sell” rating in a research report on Tuesday, May 9th.
NMI Holdings (NASDAQ NMIH) traded down 1.23% during trading on Wednesday, reaching $12.00. 318,386 shares of the company’s stock were exchanged. The company has a market capitalization of $717.42 million, a price-to-earnings ratio of 9.81 and a beta of 0.63. The stock’s 50-day moving average price is $10.84 and its 200-day moving average price is $11.03. NMI Holdings has a 52-week low of $5.50 and a 52-week high of $12.55.
NMI Holdings (NASDAQ:NMIH) last released its quarterly earnings data on Thursday, May 4th. The financial services provider reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by $0.01. The firm had revenue of $37.05 million for the quarter. NMI Holdings had a net margin of 54.25% and a return on equity of 5.30%. Equities analysts expect that NMI Holdings will post $0.55 earnings per share for the current year.
In other NMI Holdings news, Director James G. Jones sold 10,000 shares of the company’s stock in a transaction on Friday, June 9th. The stock was sold at an average price of $11.25, for a total value of $112,500.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 5.40% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the stock. Next Century Growth Investors LLC bought a new stake in shares of NMI Holdings during the first quarter worth $14,671,000. Wellington Management Group LLP boosted its stake in shares of NMI Holdings by 55.3% in the first quarter. Wellington Management Group LLP now owns 2,177,377 shares of the financial services provider’s stock worth $24,822,000 after buying an additional 775,534 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of NMI Holdings by 43.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,637,267 shares of the financial services provider’s stock worth $17,437,000 after buying an additional 497,745 shares during the period. Baird Financial Group Inc. bought a new stake in shares of NMI Holdings during the first quarter worth $5,387,000. Finally, Driehaus Capital Management LLC bought a new stake in shares of NMI Holdings during the first quarter worth $4,323,000. Hedge funds and other institutional investors own 80.96% of the company’s stock.
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).
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