Keefe, Bruyette & Woods Downgrades NMI Holdings: Here's What You Need To Know


Keefe, Bruyette & Woods downgraded its rating of NMI Holdings NMIH to Market Perform with a price target of $23.00, changing its price target from $25.00 to $23.00.

Shares of NMI Holdings are trading up 0.53% over the last 24 hours, at $20.69 per share.

A move to $23.00 would account for a 11.16% increase from the current share price.

About NMI Holdings

NMI Holdings Inc through its subsidiaries provides private mortgage guaranty insurance. The company offers mortgage insurance, reinsurance on loans and outsourced loan review services to mortgage loan originators. It serves national and regional mortgage banks, money center banks, credit unions, community banks, builder-owned mortgage lenders, Internet-sourced lenders, and other non-bank lenders.

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Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.

Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Posted In: Analyst RatingsBZI-AAR-UPDATE
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