In a report released yesterday, Bose George from KBW downgraded NMI Holdings (NASDAQ: NMIH) to Hold, with a price target of $23.50. The company’s shares closed on Friday at $21.70, close to its 52-week high of $22.50.
According to TipRanks.com, George is a 5-star analyst with an average return of 13.6% and a 71.4% success rate. George covers the Financial sector, focusing on stocks such as Fidelity National Financial, MTGE Investment Corp, and Assured Guaranty Ltd.
Currently, the analyst consensus on NMI Holdings is a Strong Buy with an average price target of $23.
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The company has a one-year high of $22.50 and a one-year low of $10.10. Currently, NMI Holdings has an average volume of 430.5K.
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.
