NMI (NASDAQ:NMIH) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday.

According to Zacks, “NMI Holdings, Inc., through its subsidiaries, provides private mortgage insurance in the United States. NMI Holdings, Inc. is based in Emeryville, California. “

NMIH has been the topic of a number of other reports. Singular Research started coverage on NMI in a research note on Monday, October 16th. They set a “buy” rating and a $16.00 target price on the stock. ValuEngine cut NMI from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. BTIG Research restated a “buy” rating and issued a $17.00 price objective on shares of NMI in a research note on Sunday, November 5th. Keefe, Bruyette & Woods restated a “buy” rating and issued a $19.50 price objective on shares of NMI in a research note on Friday, November 3rd. Finally, Compass Point boosted their price objective on NMI from $13.00 to $16.00 and gave the company a “neutral” rating in a research note on Thursday, November 2nd. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $16.50.

NMI (NASDAQ:NMIH) traded up $0.75 during midday trading on Wednesday, hitting $17.75. The stock had a trading volume of 698,500 shares, compared to its average volume of 528,800. The company has a market cap of $1,020.56, a PE ratio of 12.68 and a beta of 0.84. NMI has a 12 month low of $9.90 and a 12 month high of $18.05. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.28.

NMI (NASDAQ:NMIH) last released its earnings results on Wednesday, November 1st. The financial services provider reported $0.20 EPS for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.06. The company had revenue of $48.95 million for the quarter, compared to analysts’ expectations of $45.79 million. NMI had a return on equity of 6.95% and a net margin of 51.80%. The business’s revenue for the quarter was up 37.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.10 EPS. equities research analysts forecast that NMI will post 0.56 earnings per share for the current fiscal year.

In other NMI news, EVP Patrick L. Mathis sold 10,000 shares of NMI stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $16.99, for a total transaction of $169,900.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Claudia J. Merkle sold 15,000 shares of NMI stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $17.80, for a total value of $267,000.00. The disclosure for this sale can be found here. Insiders sold a total of 41,600 shares of company stock worth $714,618 over the last 90 days. 5.40% of the stock is currently owned by company insiders.

A number of hedge funds have recently bought and sold shares of the business. Capital Research Global Investors grew its holdings in NMI by 72.5% during the 2nd 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 in the last quarter. Dimensional Fund Advisors LP grew its holdings in NMI by 15.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,812,446 shares of the financial services provider’s stock valued at $34,875,000 after buying an additional 367,394 shares in the last quarter. Vanguard Group Inc. grew its holdings in NMI by 10.3% during the 2nd quarter. Vanguard Group Inc. now owns 2,569,591 shares of the financial services provider’s stock valued at $29,421,000 after buying an additional 239,387 shares in the last quarter. FMR LLC grew its holdings in NMI by 7.8% during the 2nd quarter. FMR LLC now owns 2,488,937 shares of the financial services provider’s stock valued at $28,499,000 after buying an additional 180,126 shares in the last quarter. Finally, Renaissance Technologies LLC grew its holdings in NMI by 2.2% during the 2nd 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 in the last quarter. 83.57% of the stock is owned by institutional investors and hedge funds.

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About NMI

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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