Wall Street Zen Downgrades NMI (NASDAQ:NMIH) to Hold

NMI (NASDAQ:NMIH - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a report released on Saturday.

Other equities research analysts have also issued research reports about the company. Compass Point restated a "buy" rating and set a $37.00 price objective (up previously from $34.00) on shares of NMI in a research note on Friday, May 23rd. Keefe, Bruyette & Woods lowered NMI from an "outperform" rating to a "market perform" rating and raised their price objective for the company from $42.00 to $43.00 in a research note on Monday, July 7th. Barclays raised their price objective on NMI from $41.00 to $42.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 8th. Finally, JPMorgan Chase & Co. raised their price objective on NMI from $41.00 to $44.00 and gave the company an "overweight" rating in a research note on Friday. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $43.00.

NMI Trading Down 1.5%

Shares of NMI stock traded down $0.57 during trading hours on Friday, reaching $37.62. The stock had a trading volume of 254,869 shares, compared to its average volume of 557,773. The firm has a 50 day simple moving average of $39.74 and a two-hundred day simple moving average of $37.18. The firm has a market capitalization of $2.94 billion, a price-to-earnings ratio of 8.13, a P/E/G ratio of 1.28 and a beta of 0.55. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.18. NMI has a 1 year low of $31.90 and a 1 year high of $43.20.

NMI (NASDAQ:NMIH - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The financial services provider reported $1.28 EPS for the quarter, topping analysts' consensus estimates of $1.10 by $0.18. NMI had a return on equity of 17.27% and a net margin of 55.93%. The company had revenue of $173.25 million for the quarter, compared to the consensus estimate of $169.04 million. During the same period last year, the business posted $1.08 EPS. The company's quarterly revenue was up 10.8% compared to the same quarter last year. As a group, equities research analysts anticipate that NMI will post 4.62 earnings per share for the current year.

Insider Activity

In other news, EVP Robert Owen Smith sold 20,000 shares of NMI stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $36.58, for a total transaction of $731,600.00. Following the transaction, the executive vice president directly owned 84,566 shares in the company, valued at approximately $3,093,424.28. This trade represents a 19.13% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Adam Pollitzer sold 57,166 shares of NMI stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $36.54, for a total value of $2,088,845.64. Following the transaction, the chief executive officer owned 329,465 shares in the company, valued at approximately $12,038,651.10. This trade represents a 14.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 113,697 shares of company stock worth $4,210,337 over the last ninety days. 3.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Maseco LLP acquired a new stake in shares of NMI in the second quarter worth about $32,000. Financiere des Professionnels Fonds d investissement inc. acquired a new stake in shares of NMI in the second quarter worth about $271,000. Diversified Trust Co lifted its position in shares of NMI by 1.1% in the second quarter. Diversified Trust Co now owns 33,118 shares of the financial services provider's stock worth $1,397,000 after buying an additional 349 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt lifted its position in shares of NMI by 56.5% in the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 73,100 shares of the financial services provider's stock worth $3,084,000 after buying an additional 26,400 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its position in shares of NMI by 8.0% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 12,463 shares of the financial services provider's stock worth $538,000 after buying an additional 920 shares during the last quarter. Hedge funds and other institutional investors own 94.12% of the company's stock.

NMI Company Profile

NMI Holdings, Inc provides private mortgage guaranty insurance services in the United States. The company offers mortgage insurance services, such as primary and pool insurance; 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.