NMI Holdings Inc. (NMIH) Given Average Recommendation of “Buy” by Analysts
NMI Holdings Inc. (NASDAQ:NMIH) has been assigned an average recommendation of “Buy” from the seven brokerages that are covering the company. One equities research analyst has rated the stock with a hold recommendation, five have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $10.00.
Several equities analysts recently commented on the stock. Zacks Investment Research raised shares of NMI Holdings from a “hold” rating to a “strong-buy” rating and set a $10.00 target price on the stock in a report on Friday, November 11th. FBR & Co reaffirmed a “buy” rating on shares of NMI Holdings in a report on Thursday, November 3rd. BTIG Research reaffirmed a “buy” rating and set a $10.00 target price on shares of NMI Holdings in a report on Tuesday, October 25th. Finally, TheStreet raised shares of NMI Holdings from a “sell” rating to a “hold” rating in a report on Friday, August 12th.
In related news, Director James Ozanne bought 5,000 shares of the company’s stock in a transaction dated Friday, August 26th. The stock was purchased at an average cost of $7.92 per share, with a total value of $39,600.00. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. 16.90% of the stock is currently owned by insiders.
Several large investors have recently bought and sold shares of NMIH. Virginia Retirement Systems ET AL bought a new stake in NMI Holdings during the second quarter valued at approximately $100,000. Fox Run Management L.L.C. acquired a new position in shares of NMI Holdings during the third quarter worth about $107,000. Dynamic Technology Lab Private Ltd boosted its position in shares of NMI Holdings by 72.6% in the second quarter. Dynamic Technology Lab Private Ltd now owns 21,900 shares of the company’s stock worth $120,000 after buying an additional 9,209 shares during the period. Panagora Asset Management Inc. acquired a new position in shares of NMI Holdings during the second quarter worth about $122,000. Finally, Wells Fargo & Company MN boosted its position in shares of NMI Holdings by 28.0% in the third quarter. Wells Fargo & Company MN now owns 17,371 shares of the company’s stock worth $132,000 after buying an additional 3,799 shares during the period. 80.36% of the stock is owned by hedge funds and other institutional investors.
NMI Holdings (NASDAQ:NMIH) traded up 0.843% during midday trading on Friday, hitting $8.975. 169,548 shares of the stock traded hands. The stock’s 50-day moving average price is $8.10 and its 200-day moving average price is $6.94. The stock’s market capitalization is $530.76 million. NMI Holdings has a 52 week low of $4.19 and a 52 week high of $9.10.
About NMI Holdings
NMI Holdings, Inc (NMIH) provides private mortgage guaranty insurance (MI) through its insurance subsidiaries. The Company’s insurance subsidiary, National Mortgage Insurance Corporation (NMIC), is an MI provider on loans purchased by Fannie Mae and Freddie Mac (collectively the Government-sponsored enterprises(GSEs)).
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