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. “
Several other analysts have also recently commented on NMIH. BTIG Research restated a buy rating and set a $10.00 price target on shares of NMI Holdings in a report on Tuesday, August 2nd. Keefe, Bruyette & Woods set a $8.50 price target on shares of NMI Holdings and gave the stock a buy rating in a report on Wednesday, August 3rd. FBR & Co restated a buy rating and set a $9.00 price target on shares of NMI Holdings in a report on Thursday, August 4th. Finally, TheStreet upgraded shares of NMI Holdings from a sell rating to a hold rating in a report on Friday, August 12th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of Buy and an average target price of $9.40.
Shares of NMI Holdings (NASDAQ:NMIH) opened at 7.74 on Wednesday. The company’s 50-day moving average is $7.76 and its 200-day moving average is $6.31. The firm’s market capitalization is $457.65 million. NMI Holdings has a 12-month low of $4.19 and a 12-month high of $8.23.
NMI Holdings (NASDAQ:NMIH) last posted its quarterly earnings results on Tuesday, August 2nd. The company reported $0.03 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.04. The business earned $29.50 million during the quarter, compared to analysts’ expectations of $24.79 million. NMI Holdings had a negative net margin of 13.51% and a negative return on equity of 2.80%. On average, equities analysts forecast that NMI Holdings will post $0.15 earnings per share for the current fiscal year.
In other NMI Holdings news, Director James Ozanne bought 5,000 shares of NMI Holdings stock in a transaction on Friday, August 26th. The stock was purchased at an average cost of $7.92 per share, for a total transaction of $39,600.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 16.90% of the stock is currently owned by company insiders.
Hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. boosted its stake in NMI Holdings by 11.3% in the first quarter. JPMorgan Chase & Co. now owns 242,750 shares of the company’s stock worth $1,226,000 after buying an additional 24,712 shares during the period. Spark Investment Management LLC purchased a new stake in shares of NMI Holdings during the first quarter worth $155,000. Goldman Sachs Group Inc. boosted its stake in shares of NMI Holdings by 80.9% in the first quarter. Goldman Sachs Group Inc. now owns 144,491 shares of the company’s stock worth $730,000 after buying an additional 64,624 shares during the last quarter. Bogle Investment Management L P DE purchased a new stake in shares of NMI Holdings during the first quarter worth $906,000. Finally, V3 Capital Management L.P. boosted its stake in shares of NMI Holdings by 47.1% in the first quarter. V3 Capital Management L.P. now owns 1,792,600 shares of the company’s stock worth $9,053,000 after buying an additional 573,604 shares during the last quarter. Hedge funds and other institutional investors own 80.38% of the company’s stock.
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)).
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