NMI (NASDAQ:NMIH) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday, Zacks.com reports.

According to Zacks, “NMI Holdings, Inc., through its subsidiaries, provides private mortgage insurance in the United States. NMI Holdings, Inc. is based in Emeryville, California. “

Other research analysts also recently issued research reports about the company. BidaskClub downgraded Walgreens Boots Alliance from a “sell” rating to a “strong sell” rating in a report on Monday, June 24th. Compass Point raised Randolph Bancorp from a “sell” rating to a “neutral” rating in a report on Thursday, May 2nd. B. Riley set a $20.00 target price on AMC Entertainment and gave the company a “buy” rating in a report on Wednesday, June 26th. SunTrust Banks increased their target price on PepsiCo to $120.00 and gave the company a “hold” rating in a report on Thursday, April 18th. Finally, Zelman & Associates downgraded NMI from a “buy” rating to a “hold” rating in a report on Friday, May 3rd. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $28.56.

NMIH stock opened at $26.97 on Tuesday. NMI has a fifty-two week low of $15.62 and a fifty-two week high of $31.34. The firm has a 50-day moving average price of $28.63. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.45 and a current ratio of 0.45. The company has a market capitalization of $1.84 billion, a P/E ratio of 16.25 and a beta of 1.32.

NMI (NASDAQ:NMIH) last posted its earnings results on Wednesday, May 1st. The financial services provider reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.04. NMI had a return on equity of 18.92% and a net margin of 39.95%. The company had revenue of $81.11 million for the quarter, compared to the consensus estimate of $78.28 million. On average, sell-side analysts anticipate that NMI will post 2.31 EPS for the current year.

In other NMI news, Director Michael J. Embler sold 5,000 shares of the company’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $27.76, for a total value of $138,800.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Adam Pollitzer sold 4,092 shares of the company’s stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $28.05, for a total value of $114,780.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 14,015 shares of company stock valued at $382,760. Company insiders own 4.20% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. increased its position in NMI by 1.9% in the fourth quarter. BlackRock Inc. now owns 9,522,191 shares of the financial services provider’s stock worth $169,972,000 after buying an additional 182,089 shares in the last quarter. FMR LLC grew its position in shares of NMI by 44.8% during the first quarter. FMR LLC now owns 2,501,047 shares of the financial services provider’s stock worth $64,702,000 after purchasing an additional 773,781 shares in the last quarter. Ellis Investment Partners LLC grew its position in shares of NMI by 2,203.8% during the first quarter. Ellis Investment Partners LLC now owns 1,384,458 shares of the financial services provider’s stock worth $1,384,000 after purchasing an additional 1,324,364 shares in the last quarter. Northern Trust Corp grew its position in shares of NMI by 0.3% during the fourth quarter. Northern Trust Corp now owns 841,145 shares of the financial services provider’s stock worth $15,014,000 after purchasing an additional 2,356 shares in the last quarter. Finally, Boston Partners grew its position in shares of NMI by 3.0% during the first quarter. Boston Partners now owns 813,142 shares of the financial services provider’s stock worth $21,036,000 after purchasing an additional 23,808 shares in the last quarter. Institutional investors and hedge funds own 90.24% of the company’s stock.

About NMI

NMI Holdings, Inc, through its subsidiaries, provides private mortgage guaranty insurance services in the United States. The company offers mortgage insurance; reinsurance on loans; 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.

Further Reading: Equal Weight Rating

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