Investment analysts at Singular Research started coverage on shares of NMI Holdings Inc (NASDAQ:NMIH) in a research note issued on Monday. The brokerage set a “buy” rating and a $16.00 price target on the financial services provider’s stock. Singular Research’s target price would indicate a potential upside of 19.85% from the stock’s current price.

A number of other equities research analysts also recently weighed in on the company. Deutsche Bank AG initiated coverage on NMI Holdings in a research report on Wednesday, July 5th. They set a “buy” rating and a $14.50 price target on the stock. Keefe, Bruyette & Woods upgraded NMI Holdings from a “market perform” rating to an “outperform” rating in a research report on Tuesday, September 5th. ValuEngine upgraded NMI Holdings from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. BidaskClub downgraded NMI Holdings from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Finally, Zacks Investment Research upgraded NMI Holdings from a “hold” rating to a “strong-buy” rating and set a $15.00 price target on the stock in a research report on Saturday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $13.86.

Shares of NMI Holdings (NMIH) traded up 0.75% during midday trading on Monday, reaching $13.45. The company had a trading volume of 1,712,206 shares. The company has a 50 day moving average of $11.62 and a 200 day moving average of $11.48. NMI Holdings has a one year low of $7.50 and a one year high of $13.60. The company has a market capitalization of $805.14 million, a PE ratio of 10.70 and a beta of 0.69.

NMI Holdings (NASDAQ:NMIH) last issued its quarterly earnings data on Tuesday, August 1st. The financial services provider reported $0.10 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.10. NMI Holdings had a return on equity of 5.95% and a net margin of 52.34%. The company had revenue of $42.20 million for the quarter, compared to the consensus estimate of $41.13 million. During the same quarter last year, the business posted $0.03 earnings per share. The firm’s revenue was up 43.1% compared to the same quarter last year. Analysts predict that NMI Holdings will post $0.51 EPS 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, CEO Bradley M. Shuster sold 30,000 shares of the firm’s stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $11.79, for a total value of $353,700.00. The disclosure for this sale can be found here. Insiders have sold 149,227 shares of company stock worth $1,760,571 in the last 90 days. Company insiders own 5.40% of the company’s stock.

Large investors have recently made changes to their positions in the company. American Century Companies Inc. grew its stake in shares of NMI Holdings by 2.5% during the second quarter. American Century Companies Inc. now owns 620,371 shares of the financial services provider’s stock valued at $7,103,000 after buying an additional 15,107 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of NMI Holdings by 2.2% during the second quarter. Renaissance Technologies LLC now owns 2,024,900 shares of the financial services provider’s stock valued at $23,185,000 after buying an additional 44,182 shares during the last quarter. Schwab Charles Investment Management Inc. grew its stake in shares of NMI Holdings by 14.1% during the first quarter. Schwab Charles Investment Management Inc. now owns 230,237 shares of the financial services provider’s stock valued at $2,625,000 after buying an additional 28,399 shares during the last quarter. Capital Research Global Investors grew its stake in shares of NMI Holdings by 72.5% during the second quarter. Capital Research Global Investors now owns 3,481,202 shares of the financial services provider’s stock valued at $39,860,000 after buying an additional 1,462,624 shares during the last quarter. Finally, Wellington Management Group LLP grew its stake in shares of NMI Holdings by 55.3% during the first quarter. Wellington Management Group LLP now owns 2,177,377 shares of the financial services provider’s stock valued at $24,822,000 after buying an additional 775,534 shares during the last quarter. 84.86% of the stock is currently owned by hedge funds and other institutional investors.

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).

Analyst Recommendations for NMI Holdings (NASDAQ:NMIH)

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