NMI Holdings NMIH shares are trading lower on Tuesday, after Keefe, Bruyette, & Woods downgraded the company's stock from Outperform to Market Perform and announced a $20 price target.
NMI Holdings 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.
NMI Holdings shares were trading down 8.02% at $18 on Tuesday. The stock has a 52-week range between $35.79 and $8.06.
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