NMI Holdings Inc. (NMIH) Receives Outperform Rating from FBR & Co
FBR & Co restated their outperform rating on shares of NMI Holdings Inc. (NASDAQ:NMIH) in a research report report published on Tuesday morning. FBR & Co currently has a $11.00 price objective on the stock, up from their prior price objective of $9.00.
Several other research firms have also weighed in on NMIH. Zacks Investment Research raised NMI Holdings from a hold rating to a strong-buy rating and set a $10.00 price objective on the stock in a research note on Friday, November 11th. BTIG Research reaffirmed a buy rating and issued a $10.00 price objective on shares of NMI Holdings in a research note on Tuesday, October 25th. TheStreet raised NMI Holdings from a sell rating to a hold rating in a research note on Friday, August 12th. Finally, Keefe, Bruyette & Woods set a $8.50 price objective on NMI Holdings and gave the company a buy rating in a research note on Wednesday, August 3rd. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of Buy and an average price target of $10.20.
NMI Holdings (NASDAQ:NMIH) opened at 8.70 on Tuesday. The stock’s 50 day moving average is $8.33 and its 200-day moving average is $7.06. The stock’s market capitalization is $514.50 million. NMI Holdings has a 12 month low of $4.19 and a 12 month high of $9.10.
COPYRIGHT VIOLATION NOTICE: “NMI Holdings Inc. (NMIH) Receives Outperform Rating from FBR & Co” was first reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this report on another website, it was illegally copied and republished in violation of international trademark and copyright legislation. The correct version of this report can be read at https://www.thecerbatgem.com/2016/11/30/nmi-holdings-inc-nmih-receives-outperform-rating-from-fbr-co.html.
Several institutional investors have recently made changes to their positions in NMIH. Private Management Group Inc. acquired a new position in shares of NMI Holdings during the second quarter worth about $7,282,000. Mangrove Partners acquired a new position in shares of NMI Holdings during the third quarter worth about $4,603,000. FMR LLC acquired a new position in shares of NMI Holdings during the second quarter worth about $2,887,000. Systematic Financial Management LP acquired a new position in shares of NMI Holdings during the second quarter worth about $2,635,000. Finally, Mutual of America Capital Management LLC acquired a new position in shares of NMI Holdings during the second quarter worth about $2,193,000. 82.66% of the stock is currently owned by institutional investors.
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)).
Receive News & Stock Ratings for NMI Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NMI Holdings Inc. and related stocks with our FREE daily email newsletter.