NMI Holdings’ (NMIH) “Market Perform” Rating Reaffirmed at Keefe, Bruyette & Woods
NMI Holdings Inc (NASDAQ:NMIH)‘s stock had its “market perform” rating reaffirmed by analysts at Keefe, Bruyette & Woods in a research report issued on Monday.
A number of other equities research analysts have also commented on NMIH. Zacks Investment Research lowered NMI Holdings from a “hold” rating to a “sell” rating in a research report on Tuesday, May 9th. Deutsche Bank AG initiated coverage on NMI Holdings in a research report on Wednesday, July 5th. They issued a “buy” rating and a $14.50 price target on the stock. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $11.60.
NMI Holdings (NASDAQ NMIH) opened at 12.20 on Monday. The firm’s 50-day moving average price is $10.84 and its 200-day moving average price is $11.03. The company has a market cap of $729.38 million, a PE ratio of 9.98 and a beta of 0.62. NMI Holdings has a one year low of $5.89 and a one year high of $12.55.
NMI Holdings (NASDAQ:NMIH) last released its quarterly earnings results on Thursday, May 4th. The financial services provider reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by $0.01. NMI Holdings had a net margin of 54.25% and a return on equity of 5.30%. The company had revenue of $37.05 million during the quarter. On average, equities research analysts forecast that NMI Holdings will post $0.55 earnings per share for the current fiscal year.
In related news, Director Regina Muehlhauser purchased 10,000 shares of NMI Holdings stock in a transaction on Thursday, June 15th. The shares were purchased at an average price of $11.03 per share, for a total transaction of $110,300.00. Following the transaction, the director now owns 21,578 shares of the company’s stock, valued at approximately $238,005.34. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 5.40% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. bought a new stake in NMI Holdings during the fourth quarter worth approximately $1,408,000. State Street Corp raised its stake in NMI Holdings by 2.1% in the fourth quarter. State Street Corp now owns 916,665 shares of the financial services provider’s stock worth $9,761,000 after buying an additional 19,024 shares during the period. Dimensional Fund Advisors LP raised its stake in 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. AQR Capital Management LLC raised its stake in NMI Holdings by 74.7% in the fourth quarter. AQR Capital Management LLC now owns 141,058 shares of the financial services provider’s stock worth $1,502,000 after buying an additional 60,321 shares during the period. Finally, Teachers Advisors LLC raised its stake in NMI Holdings by 54.5% in the fourth quarter. Teachers Advisors LLC now owns 139,962 shares of the financial services provider’s stock worth $1,491,000 after buying an additional 49,348 shares during the period. Hedge funds and other institutional investors own 80.95% 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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