UBS Group Cuts NMI (NASDAQ:NMIH) Price Target to $41.00

NMI (NASDAQ:NMIH) had its price target reduced by UBS Group from $42.00 to $41.00 in a research note published on Wednesday,Benzinga reports. They currently have a neutral rating on the financial services provider’s stock.

A number of other equities research analysts also recently weighed in on the company. JPMorgan Chase & Co. lowered their price target on NMI from $46.00 to $41.00 and set an “overweight” rating for the company in a report on Monday, December 9th. Barclays downgraded NMI from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $48.00 to $41.00 in a report on Monday, January 6th. Royal Bank of Canada lowered their price target on 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 lowered their price objective on NMI from $44.00 to $43.00 and set a “market perform” rating for the company in a research note on Wednesday, January 8th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, NMI has a consensus rating of “Moderate Buy” and an average target price of $42.29.

NMI Price Performance

NMIH stock opened at $34.88 on Wednesday. NMI has a 52-week low of $28.82 and a 52-week high of $42.49. The company has a quick ratio of 0.83, a current ratio of 0.60 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $2.74 billion, a PE ratio of 7.87, a P/E/G ratio of 1.41 and a beta of 1.12. The stock’s 50 day moving average is $36.89 and its two-hundred day moving average is $38.57.

NMI (NASDAQ:NMIH) last issued its quarterly earnings results 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 net margin of 55.32% and a return on equity of 17.33%. Analysts predict that NMI will post 4.62 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of NMIH. Jane Street Group LLC lifted its holdings in shares of NMI by 64.2% in the third quarter. Jane Street Group LLC now owns 139,173 shares of the financial services provider’s stock valued at $5,733,000 after buying an additional 54,391 shares during the period. Algert Global LLC lifted its holdings in shares of NMI by 88.9% in the third quarter. Algert Global LLC now owns 142,141 shares of the financial services provider’s stock valued at $5,855,000 after buying an additional 66,880 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of NMI by 3.3% during the third quarter. JPMorgan Chase & Co. now owns 775,804 shares of the financial services provider’s stock valued at $31,955,000 after purchasing an additional 24,838 shares during the last quarter. Citigroup Inc. lifted its holdings in shares of NMI by 95.4% during the third quarter. Citigroup Inc. now owns 129,180 shares of the financial services provider’s stock valued at $5,321,000 after purchasing an additional 63,058 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its holdings in shares of NMI by 53.3% during 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 purchasing an additional 39,012 shares during the last quarter. Institutional investors own 94.12% of the company’s stock.

NMI Company Profile

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.