In a report released on November 1, Mark Hughes from Truist Financial maintained a Buy rating on NMI Holdings (NMIH – Research Report), with a price target of $34.00. The company’s shares closed yesterday at $27.96.
Hughes covers the Financial sector, focusing on stocks such as Brown & Brown, Encore Capital, and MidCap Financial Investment Corporation. According to TipRanks, Hughes has an average return of 13.1% and a 62.04% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for NMI Holdings with a $32.00 average price target, implying a 14.45% upside from current levels. In a report released on October 17, Bank of America Securities also initiated coverage with a Buy rating on the stock with a $33.00 price target.
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NMIH market cap is currently $2.27B and has a P/E ratio of 7.67.
Based on the recent corporate insider activity of 36 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of NMIH in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
NMI Holdings (NMIH) Company Description:
NMI Holdings, Inc. is engaged in the provision of private mortgage guaranty insurance. It focuses on long-term customer relationships, disciplined and proactive risk selection and pricing, fair and transparent claims payment practices, responsive customer service, financial strength, and profitability. The company was founded on May 19, 2011 and is headquartered in Emeryville, CA.
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