BidaskClub Upgrades NMI (NMIH) to Strong-Buy

NMI (NASDAQ:NMIH) was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a research note issued on Friday.

Other equities analysts have also issued research reports about the company. Compass Point upgraded NMI from a “neutral” rating to a “buy” rating and set a $21.00 price target on the stock in a research note on Tuesday, February 6th. ValuEngine upgraded NMI from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Zacks Investment Research upgraded NMI from a “hold” rating to a “strong-buy” rating and set a $20.00 price target on the stock in a research note on Tuesday, January 9th. Deutsche Bank upgraded NMI from a “hold” rating to a “buy” rating and lifted their price target for the company from $17.00 to $24.00 in a research note on Monday, January 8th. Finally, BTIG Research reiterated a “buy” rating and issued a $21.00 price target (up previously from $17.00) on shares of NMI in a research note on Wednesday, December 20th. Eight investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $19.07.

NMI (NMIH) opened at $18.20 on Friday. NMI has a 52 week low of $10.10 and a 52 week high of $20.38. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.24 and a current ratio of 0.24. The company has a market capitalization of $1,092.60, a price-to-earnings ratio of 31.93 and a beta of 0.88.

In other news, EVP Patrick L. Mathis sold 10,000 shares of NMI stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $16.99, for a total value of $169,900.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Claudia J. Merkle sold 15,000 shares of NMI stock in a transaction on 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. Company insiders own 5.40% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. B. Riley Financial Inc. acquired a new stake in shares of NMI during the 4th quarter valued at $1,447,000. Baird Financial Group Inc. boosted its holdings in shares of NMI by 9.1% during the 4th quarter. Baird Financial Group Inc. now owns 467,870 shares of the financial services provider’s stock valued at $7,954,000 after acquiring an additional 38,841 shares in the last quarter. American International Group Inc. boosted its holdings in shares of NMI by 17.4% during the 4th quarter. American International Group Inc. now owns 44,890 shares of the financial services provider’s stock valued at $763,000 after acquiring an additional 6,668 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of NMI by 82.9% during the 4th quarter. BlackRock Inc. now owns 7,192,807 shares of the financial services provider’s stock valued at $122,278,000 after acquiring an additional 3,260,761 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of NMI by 173.4% during the 4th quarter. Bank of New York Mellon Corp now owns 672,977 shares of the financial services provider’s stock valued at $11,441,000 after acquiring an additional 426,860 shares in the last quarter. 83.60% of the stock is currently owned by institutional investors.

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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).

Analyst Recommendations for NMI (NASDAQ:NMIH)

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