NMI (NMIH) Stock Rating Upgraded by Compass Point
Compass Point upgraded shares of NMI (NASDAQ:NMIH) from a neutral rating to a buy rating in a report issued on Tuesday, MarketBeat.com reports. The firm currently has $21.00 price objective on the financial services provider’s stock.
Several other research analysts have also recently weighed in on NMIH. Zacks Investment Research raised NMI from a hold rating to a strong-buy rating and set a $15.00 price objective on the stock in a research report on Saturday, October 14th. Singular Research initiated coverage on NMI in a research report on Monday, October 16th. They issued a buy rating and a $16.00 price objective on the stock. Deutsche Bank set a $16.00 price objective on NMI and gave the stock a buy rating in a research report on Wednesday, October 25th. Keefe, Bruyette & Woods reissued a buy rating and issued a $19.50 price objective on shares of NMI in a research report on Friday, November 3rd. Finally, BTIG Research reissued a buy rating and issued a $17.00 price objective on shares of NMI in a research report on Sunday, November 5th. Eight equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. NMI has a consensus rating of Buy and a consensus price target of $19.07.
Shares of NMI (NMIH) opened at $18.05 on Tuesday. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.28. NMI has a 1-year low of $10.10 and a 1-year high of $20.38. The stock has a market capitalization of $1,122.62, a price-to-earnings ratio of 32.81 and a beta of 0.88.
Hedge funds and other institutional investors have recently modified their holdings of the company. Macquarie Group Ltd. purchased a new position in shares of NMI during the 3rd quarter valued at $113,000. First Mercantile Trust Co. purchased a new position in shares of NMI during the 4th quarter valued at $136,000. Citadel Advisors LLC purchased a new position in shares of NMI during the 3rd quarter valued at $141,000. Legal & General Group Plc lifted its position in shares of NMI by 8.8% during the 2nd quarter. Legal & General Group Plc now owns 13,003 shares of the financial services provider’s stock valued at $149,000 after buying an additional 1,047 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new position in shares of NMI during the 3rd quarter valued at $156,000. 83.60% of the stock is currently owned by hedge funds and other institutional investors.
NMI Company Profile
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).
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