Zacks Investment Research downgraded shares of NMI (NASDAQ:NMIH) from a buy rating to a hold rating in a report issued on Tuesday, Zacks.com reports.

According to Zacks, “NMI Holdings, Inc., through its subsidiaries, provides private mortgage insurance in the United States. NMI Holdings, Inc. is based in Emeryville, California. “

Other research analysts have also issued research reports about the company. Zelman & Associates lowered NMI from a buy rating to a hold rating in a research report on Friday, May 3rd. Compass Point upgraded Randolph Bancorp from a sell rating to a neutral rating in a research report on Thursday, May 2nd. B. Riley set a $20.00 target price on AMC Entertainment and gave the company a buy rating in a research report on Wednesday, June 26th. SunTrust Banks boosted their target price on PepsiCo to $120.00 and gave the company a hold rating in a research report on Thursday, April 18th. Finally, BidaskClub lowered Walgreens Boots Alliance from a sell rating to a strong sell rating in a research report on Monday, June 24th. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock has an average rating of Buy and a consensus target price of $28.56.

NMIH opened at $26.52 on Tuesday. The stock has a market capitalization of $1.84 billion, a price-to-earnings ratio of 14.53 and a beta of 1.32. NMI has a 12 month low of $15.62 and a 12 month high of $31.34. The company has a current ratio of 0.45, a quick ratio of 0.45 and a debt-to-equity ratio of 0.19. The stock has a 50-day moving average of $28.59.

NMI (NASDAQ:NMIH) last released its quarterly earnings results on Wednesday, May 1st. The financial services provider reported $0.56 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.04. NMI had a return on equity of 18.92% and a net margin of 39.95%. The company had revenue of $81.11 million during the quarter, compared to analyst estimates of $78.28 million. Analysts predict that NMI will post 2.31 earnings per share for the current year.

In other news, Director Steven Scheid sold 4,923 shares of NMI stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $26.24, for a total transaction of $129,179.52. Following the completion of the sale, the director now owns 58,545 shares of the company’s stock, valued at $1,536,220.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Adam Pollitzer sold 4,092 shares of NMI stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $28.05, for a total transaction of $114,780.60. The disclosure for this sale can be found here. Insiders have sold 14,015 shares of company stock valued at $382,760 in the last ninety days. Insiders own 4.20% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. AJ Wealth Strategies LLC raised its stake in shares of NMI by 7.5% during the first quarter. AJ Wealth Strategies LLC now owns 88,155 shares of the financial services provider’s stock valued at $2,281,000 after acquiring an additional 6,159 shares in the last quarter. Miles Capital Inc. bought a new position in NMI in the first quarter worth approximately $231,000. Bremer Bank National Association bought a new position in NMI in the first quarter worth approximately $126,000. Millennium Management LLC raised its stake in NMI by 15.3% in the fourth quarter. Millennium Management LLC now owns 187,660 shares of the financial services provider’s stock worth $3,350,000 after buying an additional 24,891 shares in the last quarter. Finally, BlackRock Inc. raised its stake in NMI by 1.9% in the fourth quarter. BlackRock Inc. now owns 9,522,191 shares of the financial services provider’s stock worth $169,972,000 after buying an additional 182,089 shares in the last quarter. 90.24% of the stock is owned by hedge funds and other institutional investors.

NMI Company Profile

NMI Holdings, Inc, through its subsidiaries, provides private mortgage guaranty insurance services in the United States. The company offers mortgage insurance; reinsurance on loans; and outsourced loan review services to mortgage loan originators. It serves national and regional mortgage banks, money center banks, credit unions, community banks, builder-owned mortgage lenders, Internet-sourced lenders, and other non-bank lenders.

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