Keefe, Bruyette & Woods Issues Positive Forecast for NMI (NASDAQ:NMIH) Stock Price

NMI (NASDAQ:NMIH) had its price target upped by equities researchers at Keefe, Bruyette & Woods from $43.00 to $44.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a “market perform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ target price suggests a potential upside of 16.65% from the stock’s current price.

Other analysts have also issued research reports about the stock. JPMorgan Chase & Co. lowered their price target on shares of NMI from $46.00 to $41.00 and set an “overweight” rating on the stock in a research report on Monday. Royal Bank of Canada cut their target price on shares of NMI from $48.00 to $47.00 and set an “outperform” rating for the company in a research report on Thursday, November 7th. Barclays boosted their target price on NMI from $43.00 to $48.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th. Finally, StockNews.com cut NMI from a “buy” rating to a “hold” rating in a report on Wednesday, August 21st. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, NMI presently has a consensus rating of “Moderate Buy” and a consensus price target of $43.14.

NMI Stock Performance

NMI stock traded up $0.13 during mid-day trading on Tuesday, reaching $37.72. 151,165 shares of the company’s stock were exchanged, compared to its average volume of 526,667. The firm has a market capitalization of $2.98 billion, a PE ratio of 8.63, a P/E/G ratio of 0.96 and a beta of 1.10. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.19. The business’s fifty day simple moving average is $39.34 and its 200 day simple moving average is $37.78. NMI has a one year low of $27.95 and a one year high of $42.49.

Institutional Trading of NMI

Hedge funds have recently bought and sold shares of the company. Quarry LP raised its position in shares of NMI by 135.1% during the 2nd quarter. Quarry LP now owns 858 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 493 shares during the period. GAMMA Investing LLC boosted its stake in NMI by 57.2% during the third quarter. GAMMA Investing LLC now owns 728 shares of the financial services provider’s stock valued at $30,000 after buying an additional 265 shares during the last quarter. USA Financial Formulas purchased a new position in NMI during the 3rd quarter valued at approximately $57,000. Picton Mahoney Asset Management bought a new stake in NMI in the 2nd quarter worth approximately $63,000. Finally, CWM LLC raised its holdings in shares of NMI by 92.7% during the 2nd quarter. CWM LLC now owns 2,974 shares of the financial services provider’s stock worth $101,000 after acquiring an additional 1,431 shares in the last quarter. Hedge funds and other 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.