NMI Holdings Inc (NASDAQ:NMIH) has received an average recommendation of “Buy” from the ten brokerages that are currently covering the company, MarketBeat reports. Seven investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $20.25.

Several research firms recently commented on NMIH. BidaskClub upgraded shares of NMI from a “buy” rating to a “strong-buy” rating in a report on Thursday, January 18th. ValuEngine upgraded shares of NMI from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Zacks Investment Research upgraded shares of NMI from a “hold” rating to a “strong-buy” rating and set a $20.00 price target on the stock in a report on Tuesday, January 9th. Compass Point upgraded shares of NMI from a “neutral” rating to a “buy” rating and set a $21.00 price target on the stock in a report on Tuesday, February 6th. Finally, Deutsche Bank upgraded shares of NMI from a “hold” rating to a “buy” rating and raised their price target for the company from $17.00 to $24.00 in a report on Monday, January 8th.

NMI (NASDAQ NMIH) opened at $19.10 on Thursday. NMI has a 1-year low of $10.10 and a 1-year high of $20.38. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.24 and a quick ratio of 0.24. The company has a market cap of $1,150.00, a P/E ratio of 13.45 and a beta of 0.88.

In other news, EVP Patrick L. Mathis sold 10,000 shares of NMI stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $16.99, for a total transaction of $169,900.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO Claudia J. Merkle sold 15,000 shares of NMI stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $17.80, for a total transaction of $267,000.00. The disclosure for this sale can be found here. Company insiders own 5.40% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Teachers Retirement System of The State of Kentucky purchased a new stake in shares of NMI during the fourth quarter valued at approximately $562,000. Two Sigma Investments LP raised its stake in shares of NMI by 70.1% during the fourth quarter. Two Sigma Investments LP now owns 208,053 shares of the financial services provider’s stock valued at $3,537,000 after purchasing an additional 85,775 shares during the period. Two Sigma Advisers LP raised its stake in shares of NMI by 39.5% during the fourth quarter. Two Sigma Advisers LP now owns 118,300 shares of the financial services provider’s stock valued at $2,011,000 after purchasing an additional 33,500 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of NMI by 440.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 177,001 shares of the financial services provider’s stock valued at $3,009,000 after purchasing an additional 144,279 shares during the period. Finally, Stone Ridge Asset Management LLC purchased a new stake in shares of NMI during the fourth quarter valued at approximately $308,000. Institutional investors own 84.21% of the company’s stock.

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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)

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