NMI Holdings Inc (NASDAQ:NMIH) had its price target raised by equities research analysts at FBR & Co from $11.00 to $12.00 in a research note issued to investors on Monday. The firm presently has an “outperform” rating on the stock. FBR & Co’s price objective suggests a potential upside of 4.35% from the stock’s current price.
A number of other analysts have also weighed in on the company. Zacks Investment Research raised NMI Holdings from a “hold” rating to a “strong-buy” rating and set a $10.00 price objective on the stock in a research report on Friday, November 11th. BTIG Research upped their price objective on NMI Holdings from $11.00 to $13.00 and gave the stock a “buy” rating in a research report on Thursday, January 5th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $11.00.
Shares of NMI Holdings (NASDAQ:NMIH) opened at 11.50 on Monday. NMI Holdings has a 12 month low of $4.53 and a 12 month high of $11.50. The firm’s market cap is $680.09 million. The firm’s 50-day moving average price is $10.73 and its 200-day moving average price is $8.83.
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A number of institutional investors have recently added to or reduced their stakes in NMIH. CI Investments Inc. increased its position in NMI Holdings by 1.0% in the second quarter. CI Investments Inc. now owns 3,186,990 shares of the company’s stock valued at $17,465,000 after buying an additional 31,641 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of NMI Holdings by 33.1% in the fourth quarter. Renaissance Technologies LLC now owns 2,217,700 shares of the company’s stock valued at $23,619,000 after buying an additional 551,800 shares during the period. Waterstone Capital Management L.P. increased its stake in shares of NMI Holdings by 6.0% in the second quarter. Waterstone Capital Management L.P. now owns 1,947,913 shares of the company’s stock valued at $10,675,000 after buying an additional 110,200 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of NMI Holdings by 43.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,637,267 shares of the company’s stock valued at $17,437,000 after buying an additional 497,745 shares during the period. Finally, Private Management Group Inc. increased its stake in shares of NMI Holdings by 4.4% in the third quarter. Private Management Group Inc. now owns 1,386,830 shares of the company’s stock valued at $10,568,000 after buying an additional 57,940 shares during the period. Institutional investors own 79.52% of the company’s stock.
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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