NMI (NMIH) Upgraded to “Strong-Buy” at BidaskClub

NMI (NASDAQ:NMIH) was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Friday.

A number of other brokerages have also issued reports on NMIH. ValuEngine raised NMI from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Zacks Investment Research raised NMI from a “hold” rating to a “strong-buy” rating and set a $20.00 price target on the stock in a research note on Tuesday, January 9th. Compass Point raised NMI from a “neutral” rating to a “buy” rating and set a $21.00 price target on the stock in a research note on Tuesday. Deutsche Bank raised NMI from a “hold” rating to a “buy” rating and raised their price target for the stock from $17.00 to $24.00 in a research note on Monday, January 8th. Finally, BTIG Research reissued a “buy” rating and issued a $21.00 price target (up from $17.00) on shares of NMI in a research note on Wednesday, December 20th. Eight equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $19.07.

Shares of NMI (NASDAQ:NMIH) opened at $18.05 on Friday. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.28. NMI has a 52 week low of $10.10 and a 52 week high of $20.38. The stock has a market capitalization of $1,080.00, a PE ratio of 12.71 and a beta of 0.88.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NMIH. Schwab Charles Investment Management Inc. lifted its stake in shares of NMI by 1.4% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 233,416 shares of the financial services provider’s stock valued at $2,673,000 after purchasing an additional 3,179 shares in the last quarter. Legal & General Group Plc lifted its stake in shares of NMI by 8.8% in the 2nd quarter. Legal & General Group Plc now owns 13,003 shares of the financial services provider’s stock valued at $149,000 after purchasing an additional 1,047 shares in the last quarter. Principal Financial Group Inc. acquired a new position in shares of NMI in the 2nd quarter valued at about $467,000. Swiss National Bank lifted its stake in shares of NMI by 15.2% in the 2nd quarter. Swiss National Bank now owns 88,674 shares of the financial services provider’s stock valued at $1,015,000 after purchasing an additional 11,700 shares in the last quarter. Finally, New York State Common Retirement Fund lifted its stake in shares of NMI by 3.0% in the 2nd quarter. New York State Common Retirement Fund now owns 540,370 shares of the financial services provider’s stock valued at $6,187,000 after purchasing an additional 15,499 shares in the last quarter. 83.60% of the stock is currently owned by institutional investors and hedge funds.

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About NMI

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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