Keefe, Bruyette & Woods Forecasts Strong Price Appreciation for NMI (NASDAQ:NMIH) Stock

NMI (NASDAQ:NMIH) had its target price hoisted by Keefe, Bruyette & Woods from $43.00 to $44.00 in a report released on Tuesday morning,Benzinga reports. They currently have a market perform rating on the financial services provider’s stock.

Several other research firms also recently commented on NMIH. StockNews.com downgraded shares of NMI from a “buy” rating to a “hold” rating in a research note on Wednesday, August 21st. JPMorgan Chase & Co. decreased their price target on shares of NMI from $46.00 to $41.00 and set an “overweight” rating on the stock in a research note on Monday. Barclays upped their price target on shares of NMI from $43.00 to $48.00 and gave the company an “overweight” rating in a research note on Tuesday, October 8th. Finally, Royal Bank of Canada decreased their price target on shares of NMI from $48.00 to $47.00 and set an “outperform” rating on the stock in a research note on Thursday, November 7th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $43.14.

NMI Price Performance

NASDAQ:NMIH opened at $38.22 on Tuesday. NMI has a one year low of $28.40 and a one year high of $42.49. The company has a market cap of $3.02 billion, a P/E ratio of 8.75, a P/E/G ratio of 0.96 and a beta of 1.10. The firm’s fifty day moving average price is $39.17 and its two-hundred day moving average price is $37.82. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.83 and a quick ratio of 0.83.

Institutional Investors Weigh In On NMI

Large investors have recently bought and sold shares of the company. GAMMA Investing LLC grew its stake in NMI by 57.2% during the third quarter. GAMMA Investing LLC now owns 728 shares of the financial services provider’s stock worth $30,000 after buying an additional 265 shares in the last quarter. Quarry LP grew its stake in NMI by 135.1% during the second quarter. Quarry LP now owns 858 shares of the financial services provider’s stock worth $29,000 after buying an additional 493 shares in the last quarter. USA Financial Formulas acquired a new stake in NMI during the third quarter worth about $57,000. Picton Mahoney Asset Management acquired a new stake in NMI during the second quarter worth about $63,000. Finally, CWM LLC grew its stake in NMI by 92.7% during the second quarter. CWM LLC now owns 2,974 shares of the financial services provider’s stock worth $101,000 after buying an additional 1,431 shares in the last quarter. 94.12% of the stock is currently 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.