NMI (NMIH) Downgraded by TheStreet to C+

TheStreet downgraded shares of NMI (NASDAQ:NMIH) from a b rating to a c+ rating in a research report sent to investors on Tuesday.

Several other research firms have also recently commented on NMIH. Keefe, Bruyette & Woods restated a buy rating and set a $25.00 target price on shares of NMI in a research report on Friday, February 23rd. Susquehanna Bancshares started coverage on NMI in a research report on Tuesday, February 20th. They set a positive rating and a $26.00 target price for the company. BTIG Research reaffirmed a buy rating and set a $21.00 price target on shares of NMI in a research note on Sunday, February 18th. BidaskClub raised NMI from a buy rating to a strong-buy rating in a research note on Thursday, January 18th. Finally, ValuEngine raised NMI from a hold rating to a buy rating in a research note on Friday, February 2nd. One research analyst has rated the stock with a sell rating and nine have issued a buy rating to the company. The company currently has a consensus rating of Buy and an average target price of $21.86.

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NMI (NMIH) opened at $16.45 on Tuesday. NMI has a 52-week low of $10.10 and a 52-week high of $21.92. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.25 and a current ratio of 0.25. The company has a market capitalization of $1,034.88, a PE ratio of 45.69 and a beta of 0.75.

NMI (NASDAQ:NMIH) last posted its earnings results on Thursday, February 15th. The financial services provider reported $0.22 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.05. NMI had a return on equity of 7.89% and a net margin of 12.07%. The business had revenue of $54.54 million during the quarter, compared to analysts’ expectations of $51.32 million. During the same period in the previous year, the business earned $0.04 earnings per share. The firm’s revenue was up 48.9% on a year-over-year basis. equities research analysts predict that NMI will post 1.34 EPS for the current year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NMIH. Macquarie Group Ltd. bought a new stake in shares of NMI in the 3rd quarter valued at about $113,000. First Mercantile Trust Co. bought a new stake in shares of NMI in the 4th quarter valued at about $136,000. Citadel Advisors LLC bought a new stake in shares of NMI in the 3rd quarter valued at about $141,000. SG Americas Securities LLC bought a new stake in shares of NMI in the 3rd quarter valued at about $156,000. Finally, Algert Global LLC bought a new stake in shares of NMI in the 3rd quarter valued at about $179,000. 84.31% of the stock is 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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