Keefe, Bruyette & Woods Upgrades NMI (NASDAQ:NMIH) to Outperform

Keefe, Bruyette & Woods upgraded shares of NMI (NASDAQ:NMIH) from a market perform rating to an outperform rating in a report published on Monday, Marketbeat.com reports. Keefe, Bruyette & Woods currently has $43.00 target price on the financial services provider’s stock.

A number of other equities analysts have also issued reports on the stock. JPMorgan Chase & Co. lowered their target price on shares of NMI from $46.00 to $41.00 and set an “overweight” rating on the stock in a research report on Monday, December 9th. Barclays downgraded shares of NMI from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $48.00 to $41.00 in a research report on Monday, January 6th. 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, UBS Group lowered their price target on NMI from $42.00 to $41.00 and set a “neutral” rating on the stock in a report on Wednesday, February 19th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $42.29.

NMI Stock Performance

NASDAQ NMIH opened at $35.57 on Monday. The company has a fifty day moving average of $36.81 and a two-hundred day moving average of $38.58. The company has a market capitalization of $2.79 billion, a PE ratio of 8.03, a P/E/G ratio of 1.41 and a beta of 1.12. NMI has a 1 year low of $29.05 and a 1 year high of $42.49. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.60 and a quick ratio of 0.83.

NMI (NASDAQ:NMIH) last announced its earnings results on Wednesday, February 12th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.07). NMI had a net margin of 55.32% and a return on equity of 17.33%. As a group, analysts expect that NMI will post 4.62 earnings per share for the current year.

Insider Transactions at NMI

In other NMI news, EVP Mohammad Nawaz Yousaf sold 1,083 shares of NMI stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $35.44, for a total value of $38,381.52. Following the sale, the executive vice president now owns 49,218 shares of the company’s stock, valued at approximately $1,744,285.92. The trade was a 2.15 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Norman Peter Fitzgerald sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $35.88, for a total value of $717,600.00. Following the transaction, the executive vice president now owns 37,470 shares in the company, valued at $1,344,423.60. The trade was a 34.80 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.70% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Jane Street Group LLC grew its stake in shares of NMI by 64.2% during the 3rd quarter. Jane Street Group LLC now owns 139,173 shares of the financial services provider’s stock worth $5,733,000 after purchasing an additional 54,391 shares during the period. Algert Global LLC boosted its holdings in NMI by 88.9% during the third quarter. Algert Global LLC now owns 142,141 shares of the financial services provider’s stock worth $5,855,000 after buying an additional 66,880 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in NMI by 3.3% during the third quarter. JPMorgan Chase & Co. now owns 775,804 shares of the financial services provider’s stock worth $31,955,000 after buying an additional 24,838 shares in the last quarter. Citigroup Inc. grew its position in NMI by 95.4% during the third quarter. Citigroup Inc. now owns 129,180 shares of the financial services provider’s stock worth $5,321,000 after buying an additional 63,058 shares during the period. Finally, BNP Paribas Financial Markets increased its holdings in NMI by 53.3% in the third quarter. BNP Paribas Financial Markets now owns 112,224 shares of the financial services provider’s stock valued at $4,623,000 after buying an additional 39,012 shares in the last quarter. Hedge funds and other 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.