Exclusive: After Touching 52-Week High, Is NMI Holdings Inc’s Near-Term Analysis Positive?

Exclusive: After Touching 52 Week High, Is NMI Holdings Inc's Near Term Analysis Positive?

The stock of NMI Holdings Inc (NASDAQ:NMIH) hit a new 52-week high and has $14.68 target or 64.00% above today’s $8.95 share price. The 8 months bullish chart indicates low risk for the $538.21 million company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $14.68 price target is reached, the company will be worth $344.45M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 90,120 shares traded hands. NMI Holdings Inc (NASDAQ:NMIH) has risen 74.71% since April 19, 2016 and is uptrending. It has outperformed by 70.85% the S&P500.

NMI Holdings Inc (NASDAQ:NMIH) Ratings Coverage

Out of 5 analysts covering NMI Holdings (NASDAQ:NMIH), 5 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. NMI Holdings has been the topic of 6 analyst reports since August 5, 2015 according to StockzIntelligence Inc. Keefe Bruyette & Woods maintained the shares of NMIH in a report on Friday, February 19 with “Outperform” rating. The firm has “Outperform” rating given on Friday, February 19 by FBR Capital. The rating was maintained by Compass Point on Friday, February 19 with “Buy”. The stock of NMI Holdings Inc (NASDAQ:NMIH) has “Outperform” rating given on Wednesday, August 5 by JMP Securities. The firm earned “Sell” rating on Tuesday, August 18 by TheStreet.

According to Zacks Investment Research, “NMI Holdings, Inc., through its subsidiaries, provides private mortgage insurance in the United States. NMI Holdings, Inc. is based in Emeryville, California.”

Insitutional Activity: The institutional sentiment decreased to 1.76 in Q2 2016. Its down 0.48, from 2.24 in 2016Q1. The ratio dived, as 10 funds sold all NMI Holdings Inc shares owned while 19 reduced positions. 23 funds bought stakes while 42 increased positions. They now own 47.33 million shares or 0.52% less from 47.58 million shares in 2016Q1.
Renaissance Techs Ltd Liability Corporation has 1.50M shares for 0.02% of their US portfolio. Morgan Stanley accumulated 114,311 shares or 0% of the stock. Nationwide Fund Advsrs has invested 0% of its portfolio in NMI Holdings Inc (NASDAQ:NMIH). Financial Group Inc accumulated 0.58% or 1.39 million shares. Century Incorporated has 182,076 shares for 0% of their US portfolio. The California-based Schwab Charles Investment Management has invested 0% in NMI Holdings Inc (NASDAQ:NMIH). Wells Fargo Mn accumulated 13,572 shares or 0% of the stock. Deutsche Bancorporation Ag last reported 0% of its portfolio in the stock. Millennium Mgmt Ltd Liability owns 416,813 shares or 0.01% of their US portfolio. Moreover, Fj Ltd Liability has 0.61% invested in NMI Holdings Inc (NASDAQ:NMIH) for 563,000 shares. Rothschild Capital Prtn Limited Liability Com accumulated 89,720 shares or 0.26% of the stock. Grp Inc One Trading L P reported 800 shares or 0% of all its holdings. Principal Finance Gp accumulated 10,141 shares or 0% of the stock. Goldman Sachs Grp accumulated 0% or 57,443 shares. Bluecrest Management Ltd last reported 0.04% of its portfolio in the stock.

Insider Transactions: Since May 26, 2016, the stock had 4 buys, and 0 sales for $141,480 net activity. On Friday, August 26 OZANNE JAMES bought $39,600 worth of the stock or 5,000 shares. 7,000 shares were bought by Leatherberry William J, worth $37,380 on Thursday, June 16.

More recent NMI Holdings Inc (NASDAQ:NMIH) news were published by: Reuters.com which released: “BRIEF-Nmi Holdings Inc reports Q3 results” on November 01, 2016. Also Marketwatch.com published the news titled: “Virtual Stock Exchange” on November 08, 2013. Prnewswire.com‘s news article titled: “NMI Holdings, Inc. Enters Into $150 Million Senior Secured Term Loan B to Fund …” with publication date: November 10, 2015 was also an interesting one.

NMIH Company Profile

NMI Holdings, Inc. (NMIH), incorporated on May 19, 2011, provides private mortgage guaranty insurance (MI) through its insurance subsidiaries. The Company’s insurance subsidiary, National Mortgage Insurance Corporation (NMIC), is an MI well-known provider on loans purchased by Fannie Mae and Freddie Mac (collectively the Government-sponsored enterprises (GSEs)). The Company’s reinsurance subsidiary, National Mortgage Reinsurance Inc One (Re One), provides reinsurance to NMIC on certain loans insured by NMIC. MI protects mortgage lenders from default-related losses on residential mortgage loans made to home buyers making down payments of less than 20% of the home’s purchase price. MI also enables the sale of mortgage loans in the secondary mortgage market, which are primarily sold to the GSEs.

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