NMI Holdings Inc (NASDAQ:NMIH) was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating in a note issued to investors on Friday.

Several other equities research analysts have also issued reports on NMIH. BidaskClub raised NMI Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, August 9th. Zacks Investment Research raised NMI Holdings from a “sell” rating to a “hold” rating in a research note on Thursday, August 10th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $13.00 price objective on shares of NMI Holdings in a research note on Thursday. Compass Point lowered NMI Holdings from a “buy” rating to a “neutral” rating and set a $13.00 price objective for the company. in a research note on Tuesday, August 8th. Finally, Deutsche Bank AG set a $15.00 price objective on NMI Holdings and gave the company a “buy” rating in a research note on Wednesday, August 2nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $12.67.

Shares of NMI Holdings (NASDAQ:NMIH) traded up 0.46% during trading on Friday, reaching $10.90. The company’s stock had a trading volume of 269,390 shares. The stock has a market cap of $652.50 million, a P/E ratio of 8.67 and a beta of 0.65. NMI Holdings has a 52-week low of $7.12 and a 52-week high of $12.70. The stock has a 50-day moving average of $11.60 and a 200-day moving average of $11.36.

NMI Holdings (NASDAQ:NMIH) last posted its quarterly earnings data on Tuesday, August 1st. The financial services provider reported $0.10 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.10. The company had revenue of $42.20 million during the quarter, compared to analyst estimates of $41.13 million. NMI Holdings had a return on equity of 5.95% and a net margin of 52.34%. The firm’s quarterly revenue was up 43.1% on a year-over-year basis. During the same quarter last year, the company earned $0.03 earnings per share. Analysts predict that NMI Holdings will post $0.52 earnings per share for the current fiscal year.

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In other news, EVP William J. Leatherberry purchased 5,000 shares of the stock in a transaction on Tuesday, August 29th. The shares were acquired at an average price of $10.65 per share, for a total transaction of $53,250.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Regina Muehlhauser purchased 10,000 shares of the 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 directly owns 21,578 shares of the company’s stock, valued at $238,005.34. The disclosure for this purchase can be found here. Insiders have sold 159,227 shares of company stock worth $1,873,071 in the last 90 days. Company insiders own 5.40% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the stock. Capital Research Global Investors increased its stake in NMI Holdings by 72.5% in the second quarter. Capital Research Global Investors now owns 3,481,202 shares of the financial services provider’s stock worth $39,860,000 after buying an additional 1,462,624 shares during the last quarter. Vanguard Group Inc. increased its stake in NMI Holdings by 10.3% in the second quarter. Vanguard Group Inc. now owns 2,569,591 shares of the financial services provider’s stock worth $29,421,000 after buying an additional 239,387 shares during the last quarter. FMR LLC increased its stake in NMI Holdings by 7.8% in the second quarter. FMR LLC now owns 2,488,937 shares of the financial services provider’s stock worth $28,499,000 after buying an additional 180,126 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in NMI Holdings by 22.4% in the second quarter. Dimensional Fund Advisors LP now owns 2,445,052 shares of the financial services provider’s stock worth $27,996,000 after buying an additional 446,918 shares during the last quarter. Finally, Wellington Management Group LLP increased its stake in 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 last quarter. Institutional investors and hedge funds own 84.65% 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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Analyst Recommendations for NMI Holdings (NASDAQ:NMIH)

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