KBW Sticks to Their Hold Rating for NMI Holdings

By Jason Carr

In a report issued on August 30, Bose George from KBW reiterated a Hold rating on NMI Holdings (NASDAQ: NMIH), with a price target of $13. The company’s shares closed yesterday at $10.85.

According to TipRanks.com, George is a top 100 analyst with an average return of 14.4% and a 73.4% success rate. George covers the Financial sector, focusing on stocks such as Federal Home Loan Mortgage Corporation, Fidelity National Financial Ventures, and Stewart Information Services Corp.

NMI Holdings has an analyst consensus of Moderate Buy, with a price target consensus of $14.

Based on NMI Holdings’ latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $42.2 million and quarterly net profit of $6.01 million. In comparison, last year the company earned revenue of $29.48 million and had a net profit of $2.01 million.

Based on the recent corporate insider activity of 22 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying 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, Inc. operates as a holding company, which provides private mortgage insurance. It offers risk management solutions and insurance capacity geared to support the needs of an evolving housing finance industry. The company was founded on May 19, 2011 and is headquartered in Emeryville, CA.