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.

In other news, COO Claudia J. Merkle sold 15,000 shares of the company’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $17.80, for a total transaction of $267,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Patrick L. Mathis sold 10,000 shares of the company’s stock in a transaction on 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 insiders.

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.

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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).

Analyst Recommendations for NMI (NASDAQ:NMIH)

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