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Why NMI's Stock Is Trading Lower Today

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NMI Holdings (NASDAQ: 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.

Latest Ratings for NMIH

DateFirmActionFromTo
Jul 2020JP MorganUpgradesNeutralOverweight
Jun 2020Keefe, Bruyette & WoodsDowngradesOutperformMarket Perform
May 2020Compass PointMaintainsBuy

View More Analyst Ratings for NMIH
View the Latest Analyst Ratings

 

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