NMI (NASDAQ:NMIH) Price Target Raised to $44.00 at Keefe, Bruyette & Woods

NMI (NASDAQ:NMIH) had its target price lifted by Keefe, Bruyette & Woods from $43.00 to $44.00 in a research note released on Tuesday,Benzinga reports. They currently have a market perform rating on the financial services provider’s stock.

Several other equities research analysts also recently weighed in on the company. Barclays upped their target price on NMI from $43.00 to $48.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th. Royal Bank of Canada reduced their price target on NMI from $48.00 to $47.00 and set an “outperform” rating on the stock in a research report on Thursday, November 7th. StockNews.com downgraded shares of NMI from a “buy” rating to a “hold” rating in a research report on Wednesday, August 21st. Finally, JPMorgan Chase & Co. reduced their target price on shares of NMI from $46.00 to $41.00 and set an “overweight” rating on the stock in a research report on Monday. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $43.14.

NMI Stock Performance

Shares of NMIH stock opened at $37.92 on Tuesday. The company’s fifty day simple moving average is $39.28 and its 200-day simple moving average is $37.82. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.19. NMI has a 52 week low of $27.95 and a 52 week high of $42.49. The company has a market cap of $3.00 billion, a PE ratio of 8.68, a P/E/G ratio of 0.96 and a beta of 1.10.

Hedge Funds Weigh In On NMI

Institutional investors and hedge funds have recently made changes to their positions in the business. Quarry LP increased its stake in shares of NMI by 135.1% in the second quarter. Quarry LP now owns 858 shares of the financial services provider’s stock worth $29,000 after buying an additional 493 shares during the last quarter. GAMMA Investing LLC grew its holdings in NMI by 57.2% during the 3rd quarter. GAMMA Investing LLC now owns 728 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 265 shares in the last quarter. USA Financial Formulas acquired a new position in NMI during the 3rd quarter worth $57,000. Picton Mahoney Asset Management bought a new stake in shares of NMI in the 2nd quarter worth about $63,000. Finally, CWM LLC raised its stake in shares of NMI by 92.7% in the 2nd quarter. CWM LLC now owns 2,974 shares of the financial services provider’s stock valued at $101,000 after purchasing an additional 1,431 shares in the last quarter. 94.12% of the stock is currently owned by hedge funds and other institutional investors.

NMI Company Profile

NMI Holdings, Inc provides private mortgage guaranty insurance services in the United States. The company offers mortgage insurance services, such as primary and pool insurance; 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.