NMI Holdings Inc (NMIH) : The consensus on NMI Holdings Inc (NMIH) based on 2 analyst recommendation on the company stock is 1.5, which is interpreted as a Strong Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 1 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future.
For this week, the average consensus of the company shares are rated as a Strong Buy.
NMI Holdings Inc (NASDAQ:NMIH): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $6.60 and $6.42 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $6.84. The buying momentum continued till the end and the stock did not give up its gains. It closed at $6.81, notching a gain of 11.09% for the day. The total traded volume was 953,024 . The stock had closed at $6.13 on the previous day.
NMI Holdings, Inc. (NMIH) provides private mortgage guaranty insurance (MI) in the United States. The Companys primary insurance subsidiary, National Mortgage Insurance Corporation (NMIC), is a MI provider on loans purchased by Fannie Mae and Freddie Mac (collectively the Government-sponsored enterprises or GSEs). The Companys reinsurance subsidiary, National Mortgage Reinsurance Inc One (Re One), provides reinsurance to NMIC on certain loans insured by NMIC. NMICs residential mortgage insurance products primarily provide first loss protection on loans originated by residential mortgage lenders and sold to the GSEs and on low down payment loans held by portfolio lenders. NMIC offers two principal types of MI, primary and pool. The Company offers two types of primary mortgage insurance products to its customers, flow and non-flow. NMIH has total insurance-in-force (IIF) of around $8.1 billion and total risk-in-force (RIF) of around $894.7 million.