NMI (NASDAQ:NMIH) Upgraded at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods upgraded shares of NMI (NASDAQ:NMIH) from a market perform rating to an outperform rating in a research report sent to investors on Monday morning, Marketbeat Ratings reports. Keefe, Bruyette & Woods currently has $43.00 price objective on the financial services provider’s stock.

NMIH has been the topic of a number of other reports. Royal Bank of Canada decreased their price objective on NMI from $48.00 to $47.00 and set an “outperform” rating on the stock in a report on Thursday, November 7th. JPMorgan Chase & Co. decreased their price target on NMI from $46.00 to $41.00 and set an “overweight” rating on the stock in a research note on Monday, December 9th. UBS Group cut their price objective on NMI from $42.00 to $41.00 and set a “neutral” rating for the company in a research report on Wednesday, February 19th. Finally, Barclays cut shares of NMI from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $48.00 to $41.00 in a research report on Monday, January 6th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $42.29.

NMI Trading Down 1.1 %

Shares of NMIH stock opened at $35.57 on Monday. The company has a current ratio of 0.60, a quick ratio of 0.83 and a debt-to-equity ratio of 0.19. NMI has a twelve month low of $29.05 and a twelve month high of $42.49. The company’s 50-day moving average price is $36.81 and its 200-day moving average price is $38.58. The stock has a market cap of $2.79 billion, a price-to-earnings ratio of 8.03, a PEG ratio of 1.41 and a beta of 1.12.

NMI (NASDAQ:NMIH) last issued its earnings results on Wednesday, February 12th. The financial services provider reported $1.07 EPS for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.07). NMI had a return on equity of 17.33% and a net margin of 55.32%. As a group, equities analysts predict that NMI will post 4.62 earnings per share for the current year.

Insider Buying and Selling

In other NMI news, EVP Mohammad Nawaz Yousaf sold 1,083 shares of the business’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $35.44, for a total value of $38,381.52. Following the completion of the transaction, the executive vice president now owns 49,218 shares in the company, valued at $1,744,285.92. The trade was a 2.15 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Norman Peter Fitzgerald sold 20,000 shares of the company’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $35.88, for a total value of $717,600.00. Following the sale, the executive vice president now directly owns 37,470 shares in the company, valued at $1,344,423.60. This represents a 34.80 % decrease in their position. The disclosure for this sale can be found here. 2.70% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Jane Street Group LLC boosted its stake in shares of NMI by 64.2% in the 3rd quarter. Jane Street Group LLC now owns 139,173 shares of the financial services provider’s stock valued at $5,733,000 after buying an additional 54,391 shares during the period. Algert Global LLC raised its holdings in NMI by 88.9% in the third quarter. Algert Global LLC now owns 142,141 shares of the financial services provider’s stock valued at $5,855,000 after acquiring an additional 66,880 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in NMI by 3.3% in the third quarter. JPMorgan Chase & Co. now owns 775,804 shares of the financial services provider’s stock worth $31,955,000 after acquiring an additional 24,838 shares during the last quarter. Citigroup Inc. grew its holdings in NMI by 95.4% during the 3rd quarter. Citigroup Inc. now owns 129,180 shares of the financial services provider’s stock worth $5,321,000 after acquiring an additional 63,058 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its holdings in NMI by 53.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 112,224 shares of the financial services provider’s stock worth $4,623,000 after acquiring an additional 39,012 shares in the last quarter. 94.12% of the stock is owned by institutional investors and hedge funds.

About NMI

NMI Holdings, Inc provides private mortgage guaranty insurance services in the United States. The company offers mortgage insurance services, such as primary and pool insurance; 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.