NMI (NASDAQ:NMIH) Lowered to “Neutral” at UBS Group

NMI (NASDAQ:NMIHGet Free Report) was downgraded by stock analysts at UBS Group from a “buy” rating to a “neutral” rating in a research note issued to investors on Wednesday, Marketbeat Ratings reports. They presently have a $39.00 price target on the financial services provider’s stock, up from their prior price target of $37.00. UBS Group’s price objective points to a potential upside of 19.74% from the company’s previous close.

A number of other research analysts have also recently commented on the company. JPMorgan Chase & Co. boosted their price target on NMI from $35.00 to $36.00 and gave the stock an “overweight” rating in a report on Wednesday, May 1st. Royal Bank of Canada boosted their target price on NMI from $31.00 to $33.00 and gave the company a “sector perform” rating in a research report on Thursday, February 15th. Keefe, Bruyette & Woods upped their price target on shares of NMI from $33.00 to $36.00 and gave the company a “market perform” rating in a report on Thursday, April 4th. StockNews.com upgraded NMI from a “hold” rating to a “buy” rating in a research note on Friday, May 3rd. Finally, Truist Financial raised their target price on shares of NMI from $36.00 to $37.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $35.56.

Read Our Latest Report on NMIH

NMI Stock Down 1.6 %

NMIH stock opened at $32.57 on Wednesday. The business’s 50-day moving average price is $31.57 and its 200-day moving average price is $30.10. The stock has a market cap of $2.61 billion, a P/E ratio of 8.06, a PEG ratio of 1.16 and a beta of 1.06. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.20. NMI has a twelve month low of $24.29 and a twelve month high of $34.33.

NMI (NASDAQ:NMIHGet Free Report) last released its earnings results on Tuesday, April 30th. The financial services provider reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.12. The company had revenue of $156.25 million for the quarter, compared to analysts’ expectations of $133.76 million. NMI had a net margin of 56.26% and a return on equity of 18.09%. The firm’s revenue was up 14.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.88 EPS. On average, equities research analysts forecast that NMI will post 4.24 EPS for the current year.

Insider Transactions at NMI

In related news, EVP Mohammad Nawaz Yousaf sold 1,117 shares of the firm’s stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $29.95, for a total value of $33,454.15. Following the transaction, the executive vice president now directly owns 32,909 shares of the company’s stock, valued at approximately $985,624.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, VP Nicholas Daniel Realmuto sold 1,249 shares of the company’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $30.23, for a total transaction of $37,757.27. Following the completion of the sale, the vice president now owns 10,455 shares of the company’s stock, valued at approximately $316,054.65. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Mohammad Nawaz Yousaf sold 1,117 shares of the firm’s stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $29.95, for a total transaction of $33,454.15. Following the completion of the transaction, the executive vice president now directly owns 32,909 shares in the company, valued at $985,624.55. The disclosure for this sale can be found here. Insiders sold a total of 125,763 shares of company stock valued at $3,808,175 in the last three months. 2.70% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On NMI

A number of large investors have recently made changes to their positions in NMIH. Lazard Asset Management LLC boosted its stake in NMI by 426.0% during the third quarter. Lazard Asset Management LLC now owns 52,255 shares of the financial services provider’s stock worth $1,414,000 after buying an additional 42,321 shares during the last quarter. Panagora Asset Management Inc. raised its holdings in shares of NMI by 7.5% during the 4th quarter. Panagora Asset Management Inc. now owns 497,427 shares of the financial services provider’s stock worth $14,764,000 after acquiring an additional 34,620 shares during the period. Tudor Investment Corp Et Al raised its holdings in shares of NMI by 223.8% during the 3rd quarter. Tudor Investment Corp Et Al now owns 205,640 shares of the financial services provider’s stock worth $5,571,000 after acquiring an additional 142,135 shares during the period. Quest Partners LLC acquired a new position in shares of NMI during the 4th quarter valued at about $1,773,000. Finally, Federated Hermes Inc. grew its holdings in shares of NMI by 39,091.4% in the fourth quarter. Federated Hermes Inc. now owns 31,745 shares of the financial services provider’s stock valued at $942,000 after purchasing an additional 31,664 shares during the period. 94.12% of the stock is currently owned by hedge funds and other institutional investors.

About NMI

(Get Free Report)

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.

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Analyst Recommendations for NMI (NASDAQ:NMIH)

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