Analysts Set NMI Holdings, Inc. (NASDAQ:NMIH) Price Target at $42.00

NMI Holdings, Inc. (NASDAQ:NMIH) has received a consensus rating of “Moderate Buy” from the seven research firms that are covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $42.00.

Several equities research analysts have recently commented on the company. Keefe, Bruyette & Woods decreased their price target on NMI from $44.00 to $43.00 and set a “market perform” rating on the stock in a research note on Wednesday, January 8th. JPMorgan Chase & Co. decreased their price target on shares of NMI from $46.00 to $41.00 and set an “overweight” rating on the stock in a research note on Monday, December 9th. Barclays downgraded NMI from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $48.00 to $41.00 in a research report on Monday, January 6th. Finally, Royal Bank of Canada lowered 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.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Principal Securities Inc. increased its position in NMI by 66.5% in the 4th quarter. Principal Securities Inc. now owns 716 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 286 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of NMI by 57.2% in the third quarter. GAMMA Investing LLC now owns 728 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 265 shares during the period. USA Financial Formulas bought a new stake in NMI in the 3rd quarter valued at $57,000. Smartleaf Asset Management LLC lifted its stake in shares of NMI by 288.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,868 shares of the financial services provider’s stock valued at $69,000 after buying an additional 1,387 shares during the period. Finally, KBC Group NV grew its holdings in shares of NMI by 38.3% during the 4th quarter. KBC Group NV now owns 3,221 shares of the financial services provider’s stock worth $118,000 after purchasing an additional 892 shares in the last quarter. 94.12% of the stock is currently owned by institutional investors and hedge funds.

NMI Price Performance

Shares of NMIH opened at $35.16 on Friday. NMI has a 1-year low of $28.73 and a 1-year high of $42.49. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.83 and a quick ratio of 0.83. The stock has a market cap of $2.78 billion, a PE ratio of 7.94, a price-to-earnings-growth ratio of 0.92 and a beta of 1.12. The firm has a fifty day moving average price of $37.41 and a 200 day moving average price of $38.75.

NMI (NASDAQ:NMIH) last posted its quarterly earnings data on Wednesday, February 12th. The financial services provider reported $1.07 earnings per share for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.07). NMI had a return on equity of 17.64% and a net margin of 55.32%. As a group, sell-side analysts anticipate that NMI will post 4.68 EPS for the current year.

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.