NMI (NMIH) Stock Rating Upgraded by Deutsche Bank

Deutsche Bank upgraded shares of NMI (NASDAQ:NMIH) from a hold rating to a buy rating in a research report released on Monday morning, Marketbeat Ratings reports. They currently have $24.00 target price on the financial services provider’s stock, up from their previous target price of $17.00.

A number of other brokerages also recently issued reports on NMIH. Zacks Investment Research downgraded shares of NMI from a buy rating to a hold rating in a research report on Wednesday, January 3rd. ValuEngine downgraded shares of NMI from a buy rating to a hold rating in a research report on Monday, December 4th. BTIG Research reissued a buy rating and set a $21.00 price objective (up previously from $17.00) on shares of NMI in a research report on Wednesday, December 20th. BidaskClub downgraded shares of NMI from a strong-buy rating to a buy rating in a report on Saturday, December 30th. Finally, Keefe, Bruyette & Woods reaffirmed a buy rating and issued a $19.50 target price on shares of NMI in a report on Friday, November 3rd. Two investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average target price of $18.36.

Shares of NMI (NMIH) opened at $18.50 on Monday. NMI has a 1 year low of $10.07 and a 1 year high of $18.95. 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 stock has a market cap of $1,110.00, a price-to-earnings ratio of 13.03 and a beta of 0.84.

NMI (NASDAQ:NMIH) last issued its quarterly earnings data on Wednesday, November 1st. The financial services provider reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.06. NMI had a net margin of 51.80% and a return on equity of 6.95%. The firm had revenue of $48.95 million during the quarter, compared to the consensus estimate of $45.79 million. During the same quarter in the previous year, the firm posted $0.10 EPS. The company’s revenue for the quarter was up 37.8% compared to the same quarter last year. sell-side analysts forecast that NMI will post 0.56 earnings per share for the current year.

In related news, VP Julie Norberg sold 16,600 shares of the company’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $16.73, for a total value of $277,718.00. Following the completion of the transaction, the vice president now owns 32,305 shares of the company’s stock, valued at approximately $540,462.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, COO Claudia J. Merkle sold 15,000 shares of the company’s stock in a transaction 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. Insiders sold a total of 41,600 shares of company stock valued at $714,618 in the last ninety days. 5.40% of the stock is currently owned by insiders.

A number of institutional investors have recently modified their holdings of the stock. Capital Research Global Investors boosted its holdings in NMI by 72.5% in the 2nd 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 period. Dimensional Fund Advisors LP lifted its stake in NMI by 15.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,812,446 shares of the financial services provider’s stock worth $34,875,000 after purchasing an additional 367,394 shares in the last quarter. Vanguard Group Inc. lifted its stake in NMI by 10.3% in the 2nd quarter. Vanguard Group Inc. now owns 2,569,591 shares of the financial services provider’s stock worth $29,421,000 after purchasing an additional 239,387 shares in the last quarter. FMR LLC lifted its stake in NMI by 7.8% in the 2nd quarter. FMR LLC now owns 2,488,937 shares of the financial services provider’s stock worth $28,499,000 after purchasing an additional 180,126 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its stake in NMI by 2.2% in the 2nd quarter. Renaissance Technologies LLC now owns 2,024,900 shares of the financial services provider’s stock worth $23,185,000 after purchasing an additional 44,182 shares in the last quarter. 83.57% of the stock is owned by institutional investors.

TRADEMARK VIOLATION NOTICE: “NMI (NMIH) Stock Rating Upgraded by Deutsche Bank” was published by Markets Daily and is owned by of Markets Daily. If you are viewing this story on another website, it was illegally copied and republished in violation of US & international copyright and trademark laws. The original version of this story can be read at https://www.themarketsdaily.com/2018/01/12/nmi-nmih-stock-rating-upgraded-by-deutsche-bank.html.

NMI Company Profile

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)

Receive News & Ratings for NMI Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NMI and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply