NMI (NMIH) Stock Rating Upgraded by Deutsche Bank
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.
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.
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).
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