Weekly Analysts’ Ratings Changes for NMI (NMIH)

Weekly Analysts’ Ratings Changes for NMI (NMIH)

A number of research firms have changed their ratings and price targets for NMI (NASDAQ: NMIH):

5/3/2019 – NMI was downgraded by analysts at Zelman & Associates from a “buy” rating to a “hold” rating.

5/2/2019 – NMI had its “buy” rating reaffirmed by analysts at Compass Point. They now have a $33.00 price target on the stock, up previously from $30.50.

4/25/2019 – NMI was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $31.00 price target on the stock. According to Zacks, “NMI Holdings, Inc., through its subsidiaries, provides private mortgage insurance in the United States. NMI Holdings, Inc. is based in Emeryville, California. “

4/18/2019 – NMI is now covered by analysts at SunTrust Banks, Inc.. They set a “buy” rating and a $34.00 price target on the stock.

4/12/2019 – NMI was downgraded by analysts at B. Riley from a “buy” rating to a “neutral” rating. They now have a $26.00 price target on the stock.

3/13/2019 – NMI was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “NMI Holdings, Inc., through its subsidiaries, provides private mortgage insurance in the United States. NMI Holdings, Inc. is based in Emeryville, California. “

Shares of NMIH stock traded up $0.12 during trading hours on Thursday, reaching $27.40. 12,905 shares of the stock were exchanged, compared to its average volume of 430,274. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.33 and a current ratio of 0.45. NMI Holdings Inc has a 12-month low of $15.06 and a 12-month high of $28.85. The firm has a market capitalization of $1.83 billion, a price-to-earnings ratio of 16.51 and a beta of 1.40.

NMI (NASDAQ:NMIH) last announced its quarterly earnings results on Wednesday, May 1st. The financial services provider reported $0.56 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.04. The company had revenue of $81.11 million for the quarter, compared to analyst estimates of $78.28 million. NMI had a net margin of 39.95% and a return on equity of 18.92%. Equities analysts forecast that NMI Holdings Inc will post 2.27 EPS for the current fiscal year.

In other NMI news, Director Steven Scheid sold 13,300 shares of the stock in a transaction that occurred on Wednesday, February 13th. The shares were sold at an average price of $22.45, for a total value of $298,585.00. Following the transaction, the director now directly owns 67,491 shares in the company, valued at $1,515,172.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James Ozanne sold 16,297 shares of the stock in a transaction that occurred on Friday, February 15th. The shares were sold at an average price of $23.78, for a total transaction of $387,542.66. Following the completion of the transaction, the director now owns 111,629 shares in the company, valued at $2,654,537.62. The disclosure for this sale can be found here. Insiders sold 392,073 shares of company stock worth $9,786,334 over the last quarter. 4.20% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently made changes to their positions in NMIH. Lavaca Capital LLC purchased a new position in shares of NMI during the fourth quarter worth approximately $25,000. Oregon Public Employees Retirement Fund acquired a new stake in shares of NMI during the fourth quarter worth $25,000. Bremer Trust National Association acquired a new stake in shares of NMI during the fourth quarter worth $80,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of NMI by 31.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,718 shares of the financial services provider’s stock worth $84,000 after purchasing an additional 1,117 shares during the period. Finally, Meeder Asset Management Inc. lifted its holdings in shares of NMI by 416.5% during the fourth quarter. Meeder Asset Management Inc. now owns 7,190 shares of the financial services provider’s stock worth $127,000 after purchasing an additional 5,798 shares during the period. Institutional investors and hedge funds own 91.06% of the company’s stock.

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.

Featured Story: Calculating net profit and net profit margin ratio

Related posts

Leave a Comment