Now 7 analysts have outstanding research reports on NMI Holdings Inc (NMIH), according to the reports 4 analysts rate the stock "Buy", 2 "Outperform", 0 "Underperform", 0 "Sell", while 1 "Hold". They presently have a $13.00 price target on the financial services provider's stock.
Analysts often look at short interest, or the number of shares now being shorted by investors, to aid in their outlook for a particular stock.
Several other analysts also recently weighed in on the stock. Deutsche Bank AG initiated coverage on NMI Holdings in a research report on Wednesday, July 5th.
Among 18 analysts covering Marathon Petroleum Corp (NYSE:MPC), 13 have Buy rating, 0 Sell and 5 Hold. Zacks Investment Research raised NMI Holdings from a "hold" rating to a "strong-buy" rating and set a $15.00 price target on the stock in a research note on Saturday. Finally, FBR & Co lifted their target price on NMI Holdings from $11.00 to $12.00 and gave the stock an "outperform" rating in a report on Monday, February 13th.
Let's have a look at some of the important valuation ratios of the NMI Holdings Inc (NMIH). NMI Holdings has a 52-week low of $5.02 and a 52-week high of $12.55. The total amount of shares outstanding is 59.82 million, giving the company a market capitalization of about 798.64 million. The company has recorded a 50-day moving average of $11.62 and a 200-day moving average of $11.48. Analysts are forecasting earnings of $0.14 on a per share basis this quarter. The company had revenue of $42.20 million for the quarter, compared to the consensus estimate of $41.13 million. Of those insider trades, 5,000 shares of NMI Holdings, Inc. were purchased and 90,487 shares were sold. The firm's quarterly revenue was up 43.1% compared to the same quarter past year. During the same period in the previous year, the business earned $0.03 earnings per share. Equities research analysts forecast that NMI Holdings will post $0.51 EPS for the current year.
TRADEMARK VIOLATION NOTICE: This news story was posted by Week Herald and is owned by of Week Herald. If you are viewing this news story on another publication, it was stolen and reposted in violation of United States & worldwide copyright and trademark law. A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that NMIH is a Strong buy, which implies that NMIH is expected to outperform the market based on prior trading patterns. The shares were sold at an average price of $11.81, for a total transaction of $1,053,770.87. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, EVP William J. Leatherberry bought 5,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 29th. The stock was acquired at an average price of $10.65 per share, for a total transaction of $53,250.00. The disclosure for this sale can be found here.
The stock increased +2.30% (+0.30) during the last days session, reaching 13.35 and roughly 11986621 shares were bought or sold by traders. Insider ownership decreased by a total of 85487 shares, which suggests that NMIH's key executives are feeling less optimistic about the outlook for the stock. The financial services provider reported $0.10 earnings per share for the quarter, hitting the consensus estimate of $0.10. Legal & General Group Plc grew its position in shares of NMI Holdings by 8.8% during the 2nd quarter. Nisa Investment Advisors LLC increased its stake in NMI Holdings by 9.1% in the 2nd quarter. Two Sigma Securities LLC purchased a new position in NMI Holdings in the 1st quarter worth about $131,000. Falcon Point Capital LLC now owns 204,271 shares of the financial services provider's stock valued at $2,339,000 after acquiring an additional 1,055 shares in the last quarter. The most recent shifts in number of shares owned by institutions came on June 30, 2017 when Geode Capital Management, Llc sold 28 shares from its total ownership of 2661.
NMI Holdings, Inc. provides private mortgage guaranty insurance through its insurance subsidiaries.