In a report released today, Randy Binner from B.Riley FBR maintained a Buy rating on NMI Holdings (NASDAQ: NMIH), with a price target of $26. The company’s shares closed yesterday at $21.20, close to its 52-week high of $22.50.
According to TipRanks.com, Binner is a 5-star analyst with an average return of 15.7% and a 70.8% success rate. Binner covers the Financial sector, focusing on stocks such as American Equity Investment Life, Health Insurance Innovations, and National General Holdings.
Currently, the analyst consensus on NMI Holdings is a Strong Buy with an average price target of $24.20, implying a 14.2% upside from current levels. In a report issued on August 2, RBC Capital also reiterated a Buy rating on the stock with a $24 price target.
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Based on NMI Holdings’ latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $25.24 million. In comparison, last year the company had a net profit of $6.01 million.
Based on the recent corporate insider activity of 44 insiders, corporate insider sentiment is negative on the stock.
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NMI Holdings, Inc. engages 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.
