NMI (NASDAQ:NMIH) Downgraded to Equal Weight Rating by Barclays

Barclays downgraded shares of NMI (NASDAQ:NMIH) from an overweight rating to an equal weight rating in a research report sent to investors on Monday, Marketbeat reports. Barclays currently has $41.00 price target on the financial services provider’s stock, down from their previous price target of $48.00.

Several other research analysts have also recently issued reports on the stock. JPMorgan Chase & Co. cut their target price on shares of NMI from $46.00 to $41.00 and set an “overweight” rating on the stock in a report on Monday, December 9th. Keefe, Bruyette & Woods boosted their price objective on shares of NMI from $43.00 to $44.00 and gave the company a “market perform” rating in a research report on Tuesday, December 10th. Finally, Royal Bank of Canada cut their target price on NMI from $48.00 to $47.00 and set an “outperform” rating on the stock in a research note on Thursday, November 7th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $42.14.

NMI Stock Down 3.5 %

Shares of NASDAQ:NMIH opened at $35.62 on Monday. NMI has a 12-month low of $28.67 and a 12-month high of $42.49. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.19. The stock’s 50-day moving average price is $37.99 and its 200-day moving average price is $38.40. The stock has a market capitalization of $2.82 billion, a P/E ratio of 8.15, a price-to-earnings-growth ratio of 0.92 and a beta of 1.12.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in NMIH. CWA Asset Management Group LLC grew its stake in NMI by 25.7% in the fourth quarter. CWA Asset Management Group LLC now owns 25,026 shares of the financial services provider’s stock worth $920,000 after purchasing an additional 5,118 shares during the period. JPMorgan Chase & Co. increased its stake in shares of NMI by 3.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 775,804 shares of the financial services provider’s stock worth $31,955,000 after acquiring an additional 24,838 shares in the last quarter. Franklin Resources Inc. lifted its position in NMI by 1.5% during the 3rd quarter. Franklin Resources Inc. now owns 98,150 shares of the financial services provider’s stock valued at $4,024,000 after acquiring an additional 1,442 shares during the period. Tidal Investments LLC boosted its stake in NMI by 92.9% during the third quarter. Tidal Investments LLC now owns 38,069 shares of the financial services provider’s stock worth $1,568,000 after acquiring an additional 18,333 shares in the last quarter. Finally, World Investment Advisors LLC purchased a new stake in NMI in the third quarter worth about $1,059,000. Institutional investors own 94.12% of the company’s stock.

About NMI

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.