NMI (NASDAQ:NMIH) had its target price lowered by B. Riley from $34.00 to $29.00 in a research note issued to investors on Monday, BenzingaRatingsTable reports. The brokerage currently has a buy rating on the financial services provider’s stock. B. Riley also issued estimates for NMI’s Q1 2020 earnings at $0.63 EPS, FY2020 earnings at $2.50 EPS and FY2021 earnings at $3.00 EPS.
Other equities analysts have also issued research reports about the company. Credit Suisse Group reissued a hold rating and set a $33.00 target price on shares of NMI in a research note on Sunday, November 24th. ValuEngine raised NMI from a strong sell rating to a sell rating in a research note on Monday, March 9th. BTIG Research increased their target price on NMI from $36.00 to $41.00 and gave the stock a buy rating in a research note on Wednesday, February 12th. Zacks Investment Research lowered NMI from a hold rating to a sell rating in a research note on Thursday, March 19th. Finally, Barclays reissued a buy rating and set a $38.00 target price on shares of NMI in a research note on Monday, March 9th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company. The stock presently has an average rating of Hold and a consensus target price of $34.15.
NMIH traded up $2.06 during mid-day trading on Monday, hitting $13.90. 1,513,335 shares of the stock were exchanged, compared to its average volume of 923,662. The firm’s fifty day moving average is $24.18 and its two-hundred day moving average is $29.30. NMI has a 1-year low of $8.06 and a 1-year high of $35.79. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.16. The company has a market cap of $733.66 million, a PE ratio of 5.70 and a beta of 1.53.
In other NMI news, Director Steven Scheid sold 27,325 shares of the stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $30.33, for a total value of $828,767.25. Following the sale, the director now owns 80,947 shares of the company’s stock, valued at approximately $2,455,122.51. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Bradley M. Shuster sold 25,625 shares of the stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $32.24, for a total value of $826,150.00. Following the completion of the sale, the chairman now directly owns 517,927 shares in the company, valued at approximately $16,697,966.48. The disclosure for this sale can be found here. 4.20% of the stock is owned by company insiders.
A number of hedge funds have recently bought and sold shares of the business. Tower Research Capital LLC TRC purchased a new position in shares of NMI in the 3rd quarter valued at about $27,000. FNY Investment Advisers LLC purchased a new position in shares of NMI in the 4th quarter valued at about $33,000. Toronto Dominion Bank purchased a new position in shares of NMI in the 4th quarter valued at about $33,000. Advisors Asset Management Inc. increased its holdings in shares of NMI by 32.9% in the 4th quarter. Advisors Asset Management Inc. now owns 2,717 shares of the financial services provider’s stock valued at $90,000 after acquiring an additional 673 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new position in shares of NMI in the 3rd quarter valued at about $158,000. 91.34% of the stock is currently owned by institutional investors.
NMI Holdings, Inc, through its subsidiaries, provides private mortgage guaranty insurance services in the United States. The company offers mortgage insurance; reinsurance on loans; and outsourced loan review services to mortgage loan originators. It serves national and regional mortgage banks, money center banks, credit unions, community banks, builder-owned mortgage lenders, Internet-sourced lenders, and other non-bank lenders.
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