Keefe Bruyette & Woods Maintains NMI Holdings Inc to Outperform with Price Target $8.50

Brokerage firm Keefe Bruyette & Woods Maintains its rating on NMI Holdings Inc(NASDAQ:NMIH). In a research note issued to the investors, the brokerage major Raises the price-target to $8.50 per share. The shares have been rated Outperform. The rating by Keefe Bruyette & Woods was issued on Aug 3, 2016.

NMI Holdings Inc (NMIH) made into the market gainers list on Fridays trading session with the shares advancing 0.58% or 0.04 points. Due to strong positive momentum, the stock ended at $6.89, which is also near the day’s high of $6.9. The stock began the session at $6.81 and the volume stood at 1,47,919 shares. The 52-week high of the shares is $8.89 and the 52 week low is $4.19. The company has a current market capitalization of $407 M and it has 5,91,28,011 shares in outstanding.

NMI Holdings Inc(NMIH) last announced its earnings results on Aug 2, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $29.48M. Analysts had an estimated revenue of $24.79M. Earnings per share were $0.03. Analysts had estimated an EPS of $-0.01.

Several Insider Transactions has been reported to the SEC. On Jun 17, 2016, William J Leatherberry (EVP, General Counsel) purchased 7,000 shares at $5.34 per share price.Also, On May 26, 2016, James Ozanne (director) purchased 5,000 shares at $6.12 per share price.On May 4, 2016, Patrick L Mathis (EVP, Chief Risk Officer) purchased 20,000 shares at $6.28 per share price, according to the Form-4 filing with the securities and exchange commission.

NMI Holdings Inc. (NMIH) provides private mortgage guaranty insurance (MI) in the United States. The Company’s 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 Company’s reinsurance subsidiary National Mortgage Reinsurance Inc One (Re One) provides reinsurance to NMIC on certain loans insured by NMIC. NMIC’s 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.

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