NMI Holdings Inc (NASDAQ:NMIH) has received a consensus rating of “Buy” from the ten analysts that are currently covering the company, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $20.25.
NMIH has been the topic of several analyst reports. Deutsche Bank raised shares of NMI from a “hold” rating to a “buy” rating and raised their price target for the stock from $17.00 to $24.00 in a research note on Monday, January 8th. BTIG Research reaffirmed a “buy” rating and set a $17.00 price target on shares of NMI in a research note on Sunday, November 5th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $19.50 price target on shares of NMI in a research note on Friday, November 3rd. ValuEngine cut shares of NMI from a “buy” rating to a “hold” rating in a research note on Monday, December 4th. Finally, BidaskClub raised shares of NMI from a “buy” rating to a “strong-buy” rating in a research note on Thursday, January 18th.
In related news, EVP Patrick L. Mathis sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $16.99, for a total value of $169,900.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Claudia J. Merkle sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $17.80, for a total transaction of $267,000.00. The disclosure for this sale can be found here. 5.40% of the stock is owned by company insiders.
Shares of NMI (NMIH) opened at $19.10 on Thursday. NMI has a 12 month low of $10.10 and a 12 month high of $20.38. The stock has a market cap of $1,150.00, a PE ratio of 13.45 and a beta of 0.88. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.28.
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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