NMI Hldgs (NASDAQ:NMIH) Price Target & New Coverage by Deutsche Bank

Deutsche Bank disclosed in an analyst report that it has started coverage on Nmi Hldgs (NASDAQ:NMIH) stock, with “Buy” rating and a $14.5 price target.

After the new initiation NASDAQ:NMIH is currently trading -0.85% lower at $11.70 as of 6:01 AM New York time. NMI Hldgs’s stock is 0% in the past 200 days. It has underperformed the S&P500, which has increased 6.00% in the same time period.

Institutional Ownership

Hayman Capital Management L.P. had the biggest stake with ownership of 4.92M shares as of q2 2015 for 59.14% of the fund’s portfolio. Waterstone Capital Management L.P. is another bullish investment professional who is having 1.93M shares of NMI Hldgs or 8.08% of their fund’s portfolio. Moreover, Claren Road Asset Management Llc have 6.19% of their fund’s portfolio invested in the company for 238,309 shares. The California-based fund Old West Investment Management Llc revealed it had purchased a stake worth about 4.87% of the investment professional’s stock portfolio in NMI Hldgs. The California-based fund Glendon Capital Management Lp is also positive about the stock, possessing 879,462 shares or 1.82% of their fund’s portfolio.

NMI Hldgs (NASDAQ:NMIH) Profile

NMI Holdings, Inc. (NMIH) provides private mortgage guaranty insurance through its insurance subsidiaries. The Company’s primary insurance subsidiary, National Mortgage Insurance Corporation (NMIC), is a mortgage insurance (MI) provider on loans purchased by the Government-sponsored enterprises (GSEs). Its reinsurance subsidiary, National Mortgage Reinsurance Inc One (Re One), provides reinsurance to NMIC on certain loans insured by NMIC.

NMI Hldgs (NASDAQ:NMIH) traded down -0.85% on 6 July, hitting $11.7. A total of 324,358 shares of the company’s stock traded hands. This is down from average of 348,543 shares. NMI Hldgs has a 52 week low of $5.24 and a 52 week high of $12.55. The company has a market cap of $720.87M and a P/E ratio of 9.25.

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