NMI (NASDAQ:NMIH) Cut to Equal Weight at 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.com reports. The brokerage currently has $41.00 target price on the financial services provider’s stock, down from their prior target price of $48.00.

Several other equities analysts also recently weighed in on NMIH. JPMorgan Chase & Co. cut their price target 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. Royal Bank of Canada reduced their target price on shares of NMI from $48.00 to $47.00 and set an “outperform” rating for the company in a report on Thursday, November 7th. Finally, Keefe, Bruyette & Woods upped their price target on shares of NMI from $43.00 to $44.00 and gave the company a “market perform” rating in a report on Tuesday, December 10th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $42.00.

NMI Stock Down 0.4 %

NMI stock opened at $35.68 on Monday. The business’s 50-day simple moving average is $37.93 and its two-hundred day simple moving average is $38.42. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.83 and a current ratio of 0.83. The company has a market cap of $2.82 billion, a PE ratio of 8.16, a PEG ratio of 0.92 and a beta of 1.12. NMI has a fifty-two week low of $28.67 and a fifty-two week high of $42.49.

Institutional Investors Weigh In On NMI

Hedge funds have recently modified their holdings of the company. Legend Financial Advisors Inc. raised its holdings in NMI by 6.3% in the 4th quarter. Legend Financial Advisors Inc. now owns 18,684 shares of the financial services provider’s stock worth $687,000 after purchasing an additional 1,108 shares during the period. Diversified Trust Co raised its stake in shares of NMI by 11.8% during the 4th quarter. Diversified Trust Co now owns 31,940 shares of the financial services provider’s stock worth $1,174,000 after buying an additional 3,373 shares during the period. CWA Asset Management Group LLC lifted its position in shares of NMI by 25.7% during the 4th quarter. CWA Asset Management Group LLC now owns 25,026 shares of the financial services provider’s stock valued at $920,000 after buying an additional 5,118 shares in the last quarter. JPMorgan Chase & Co. grew its stake in NMI by 3.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 775,804 shares of the financial services provider’s stock valued at $31,955,000 after acquiring an additional 24,838 shares during the period. Finally, Franklin Resources Inc. increased its holdings in NMI by 1.5% in the 3rd quarter. Franklin Resources Inc. now owns 98,150 shares of the financial services provider’s stock worth $4,024,000 after acquiring an additional 1,442 shares in the last quarter. 94.12% of the stock is owned by hedge funds and other institutional investors.

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.