Trading Report: Today, NMI Holdings Inc. (NMIH) Rating Decreased to Hold at The Zacks Investment Research

Today, NMI Holdings Inc. (NMIH) Rating Decreased to Hold at The Zacks Investment Research

NMI Holdings Inc. (NASDAQ:NMIH) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

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 equities research analysts have also recently issued research reports about the company. FBR & Co restated a “buy” rating and issued a $9.00 price target on shares of NMI Holdings in a research note on Thursday, August 4th. Keefe, Bruyette & Woods set a $8.50 price target on NMI Holdings and gave the company a “buy” rating in a research note on Wednesday, August 3rd. BTIG Research restated a “buy” rating and issued a $10.00 price target on shares of NMI Holdings in a research note on Tuesday, August 2nd. Finally, TheStreet upgraded NMI Holdings from a “sell” rating to a “hold” rating in a research note on Friday, August 12th. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. NMI Holdings has a consensus rating of “Buy” and an average target price of $9.80.

NMI Holdings (NASDAQ:NMIH) opened at 8.80 on Wednesday. The company has a 50 day moving average price of $8.24 and a 200-day moving average price of $7.01. NMI Holdings has a 12-month low of $4.19 and a 12-month high of $9.10. The company’s market capitalization is $520.41 million.

Several hedge funds have recently added to or reduced their stakes in NMIH. JPMorgan Chase & Co. raised its stake in NMI Holdings by 11.3% in the first quarter. JPMorgan Chase & Co. now owns 242,750 shares of the company’s stock valued at $1,226,000 after buying an additional 24,712 shares during the period. Goldman Sachs Group Inc. raised its stake in NMI Holdings by 80.9% in the first quarter. Goldman Sachs Group Inc. now owns 144,491 shares of the company’s stock valued at $730,000 after buying an additional 64,624 shares during the period. Rothschild Capital Partners LLC raised its stake in NMI Holdings by 617.8% in the second quarter. Rothschild Capital Partners LLC now owns 89,720 shares of the company’s stock valued at $492,000 after buying an additional 77,220 shares during the period. American Century Companies Inc. bought a new stake in NMI Holdings during the second quarter valued at about $998,000. Finally, DUPONT CAPITAL MANAGEMENT Corp bought a new stake in NMI Holdings during the second quarter valued at about $1,073,000. 81.08% of the stock is currently owned by institutional investors.

About NMI Holdings

NMI Holdings, Inc (NMIH) provides private mortgage guaranty insurance (MI) through its insurance subsidiaries. The Company’s insurance subsidiary, National Mortgage Insurance Corporation (NMIC), is an MI provider on loans purchased by Fannie Mae and Freddie Mac (collectively the Government-sponsored enterprises(GSEs)).

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