Today’s Stock Alert: Could NMI Holdings Inc Lose its Strength? The Stock Reaches 52-Week High

Today's Stock Alert: Could NMI Holdings Inc Lose its Strength? The Stock Reaches 52 Week High

The stock of NMI Holdings Inc (NASDAQ:NMIH) hit a new 52-week high and has $12.51 target or 52.00% above today’s $8.23 share price. The 9 months bullish chart indicates low risk for the $521.29 million company. The 1-year high was reported on Nov, 3 by Barchart.com. If the $12.51 price target is reached, the company will be worth $271.07 million 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 147,697 shares traded hands. NMI Holdings Inc (NASDAQ:NMIH) has risen 64.66% since April 1, 2016 and is uptrending. It has outperformed by 63.44% 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. Compass Point maintained NMI Holdings Inc (NASDAQ:NMIH) rating on Friday, February 19. Compass Point has “Buy” rating and $9 price target. The stock of NMI Holdings Inc (NASDAQ:NMIH) has “Outperform” rating given on Friday, February 19 by Keefe Bruyette & Woods. FBR Capital maintained it with “Outperform” rating and $8 target price in Friday, February 19 report. The firm has “Outperform” rating given on Wednesday, August 5 by JMP Securities. TheStreet upgraded NMI Holdings Inc (NASDAQ:NMIH) on Tuesday, August 18 to “Sell” rating.

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 increased to 2.24 in 2016 Q2. Its up 0.51, from 1.73 in 2016Q1. The ratio increased, 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.
The Switzerland-based Credit Suisse Ag has invested 0% in NMI Holdings Inc (NASDAQ:NMIH). The Guernsey-based Airain Ltd has invested 0.01% in NMI Holdings Inc (NASDAQ:NMIH). Blackrock Lc holds 0% or 26,243 shares in its portfolio. Moreover, Mufg Americas has 0% invested in NMI Holdings Inc (NASDAQ:NMIH) for 600 shares. Legal & General Gru Public Limited Company holds 7,128 shares or 0% of its portfolio. Renaissance Technologies Ltd Company has 1.50 million shares for 0.02% of their US portfolio. Oaktree Cap Management Lp last reported 0.57% of its portfolio in the stock. Moreover, Cubist Systematic Strategies Ltd Liability has 0.01% invested in NMI Holdings Inc (NASDAQ:NMIH) for 36,744 shares. Fmr Ltd holds 526,900 shares or 0% of its portfolio. The Ontario – Canada-based Comml Bank Of Montreal Can has invested 0% in NMI Holdings Inc (NASDAQ:NMIH). Goldman Sachs Gru accumulated 0% or 57,443 shares. Deere has 99,241 shares for 0.03% of their US portfolio. Jpmorgan Chase & holds 252,070 shares or 0% of its portfolio. Virginia Retirement Systems Et Al last reported 18,300 shares in the company. Secor Cap Advisors Limited Partnership holds 0.04% of its portfolio in NMI Holdings Inc (NASDAQ:NMIH) for 61,772 shares.

Insider Transactions: Since May 11, 2016, the stock had 5 insider purchases, and 0 selling transactions for $200,680 net activity. Leatherberry William J bought $37,380 worth of stock or 7,000 shares. OZANNE JAMES had bought 5,000 shares worth $33,900 on Wednesday, August 3.

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: “Plus the latest data from Realtor.com on 21 home markets across the US” 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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