Deutsche Bank upgraded shares of NMI (NASDAQ:NMIH) from a hold rating to a buy rating in a report issued on Monday, MarketBeat reports. The brokerage currently has $24.00 price target on the financial services provider’s stock, up from their previous price target of $17.00.

Other equities analysts have also recently issued reports about the stock. B. Riley reiterated a buy rating on shares of NMI in a research report on Monday, November 6th. BTIG Research reiterated a buy rating and set a $17.00 price objective on shares of NMI in a research report on Sunday, November 5th. Keefe, Bruyette & Woods reiterated a buy rating and set a $19.50 price objective on shares of NMI in a research report on Friday, November 3rd. Singular Research started coverage on shares of NMI in a research report on Monday, October 16th. They set a buy rating and a $16.00 price objective for the company. Finally, BidaskClub cut shares of NMI from a strong-buy rating to a buy rating in a research report on Saturday, December 30th. Two analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. NMI currently has an average rating of Buy and a consensus price target of $18.36.

Shares of NMI (NASDAQ NMIH) opened at $18.00 on Monday. NMI has a twelve month low of $10.07 and a twelve month high of $18.95. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.28. The firm has a market cap of $1,080.00, a P/E ratio of 12.68 and a beta of 0.84.

NMI (NASDAQ:NMIH) last released its quarterly earnings data on Wednesday, November 1st. The financial services provider reported $0.20 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.06. The business had revenue of $48.95 million during the quarter, compared to analysts’ expectations of $45.79 million. NMI had a net margin of 51.80% and a return on equity of 6.95%. The firm’s quarterly revenue was up 37.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.10 EPS. research analysts forecast that NMI will post 0.56 earnings per share for the current year.

In other NMI news, EVP Patrick L. Mathis sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $16.99, for a total value of $169,900.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Julie Norberg sold 16,600 shares of the company’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $16.73, for a total transaction of $277,718.00. Following the completion of the transaction, the vice president now owns 32,305 shares of the company’s stock, valued at $540,462.65. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 41,600 shares of company stock valued at $714,618. Corporate insiders own 5.40% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in NMIH. Macquarie Group Ltd. acquired a new position in NMI in the 3rd quarter valued at approximately $113,000. Citadel Advisors LLC acquired a new position in NMI in the 3rd quarter valued at approximately $141,000. Legal & General Group Plc increased its position in NMI by 8.8% in the 2nd quarter. Legal & General Group Plc now owns 13,003 shares of the financial services provider’s stock valued at $149,000 after acquiring an additional 1,047 shares during the period. SG Americas Securities LLC acquired a new position in NMI in the 3rd quarter valued at approximately $156,000. Finally, Algert Global LLC acquired a new position in NMI in the 3rd quarter valued at approximately $179,000. Hedge funds and other institutional investors own 83.57% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “NMI (NMIH) Stock Rating Upgraded by Deutsche Bank” was reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this article on another domain, it was stolen and republished in violation of United States & international copyright & trademark legislation. The legal version of this article can be read at https://www.thecerbatgem.com/2018/01/11/nmi-nmih-stock-rating-upgraded-by-deutsche-bank.html.

NMI Company Profile

NMI Holdings, Inc (NMIH) provides private mortgage guaranty insurance through its insurance subsidiaries. The Company’s primary insurance subsidiary, National Mortgage Insurance Corporation (NMIC), is a mortgage insurance (MI) provider on loans purchased by the Government-sponsored enterprises (GSEs).

Analyst Recommendations for NMI (NASDAQ:NMIH)

Receive News & Stock Ratings for NMI Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NMI and related stocks with our FREE daily email newsletter.