Stock Worth Watching: Does NMI Holdings Inc Have More Gas After Touching 52-Week High?

Stock Worth Watching: Does NMI Holdings Inc Have More Gas After Touching 52 Week High?

The stock of NMI Holdings Inc (NASDAQ:NMIH) hit a new 52-week high and has $12.51 target or 48.00% above today’s $8.45 share price. The 8 months bullish chart indicates low risk for the $502.71M company. The 1-year high was reported on Nov, 9 by Barchart.com. If the $12.51 price target is reached, the company will be worth $241.30M 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 198,611 shares traded hands. NMI Holdings Inc (NASDAQ:NMIH) has risen 82.61% since April 7, 2016 and is uptrending. It has outperformed by 77.83% 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. TheStreet upgraded NMI Holdings Inc (NASDAQ:NMIH) on Tuesday, August 18 to “Sell” rating. The firm has “Outperform” rating by JMP Securities given on Wednesday, August 5. The firm has “Buy” rating given on Friday, February 19 by Compass Point. The stock of NMI Holdings Inc (NASDAQ:NMIH) earned “Outperform” rating by Keefe Bruyette & Woods on Friday, February 19. On Friday, February 19 the stock rating was maintained by FBR Capital with “Outperform”.

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 Q2 2016. Its up 0.51, from 1.73 in 2016Q1. The ratio improved, 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.
D E Shaw And has invested 0.01% of its portfolio in NMI Holdings Inc (NASDAQ:NMIH). Tfs Capital accumulated 192,768 shares or 0.19% of the stock. North Star Inv Management Corporation last reported 0% of its portfolio in the stock. Us Savings Bank De has 0% invested in the company for 3,378 shares. Dimensional Fund Advsrs Limited Partnership holds 0% or 779,032 shares in its portfolio. Moreover, National Bank Of New York Mellon Corp has 0% invested in NMI Holdings Inc (NASDAQ:NMIH) for 433,344 shares. Menta Cap Ltd Com holds 0.07% of its portfolio in NMI Holdings Inc (NASDAQ:NMIH) for 97,781 shares. American Intl Gp Inc holds 28,439 shares or 0% of its portfolio. Principal Financial Inc has 0% invested in the company for 10,141 shares. Systematic Fincl Mngmt L P, a New Jersey-based fund reported 480,945 shares. Moreover, Blackrock Fund Advsr has 0% invested in NMI Holdings Inc (NASDAQ:NMIH) for 1.28M shares. Bridgeway Cap Mngmt has 0.04% invested in the company for 435,000 shares. The Texas-based Hayman Capital Management Limited Partnership has invested 23.19% in NMI Holdings Inc (NASDAQ:NMIH). Mufg Americas owns 600 shares or 0% of their US portfolio. Bnp Paribas Arbitrage Sa owns 1,906 shares or 0% of their US portfolio.

Insider Transactions: Since May 11, 2016, the stock had 4 insider buys, and 0 selling transactions for $141,480 net activity. $59,200 worth of NMI Holdings Inc (NASDAQ:NMIH) was bought by Leatherberry William J. OZANNE JAMES bought $30,600 worth of stock or 5,000 shares.

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 Prnewswire.com published the news titled: “NMI Holdings, Inc. Enters Into $150 Million Senior Secured Term Loan B to Fund …” on November 10, 2015. Marketwatch.com‘s news article titled: “Plus the latest data from Realtor.com on 21 home markets across the US” with publication date: November 08, 2013 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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