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Zacks Investment Research disclosed NMI Holdings Inc (NASDAQ:NMIH), upping its target price to $9.00 today

In a report released on 10/12/2016 Zacks Investment Research increased the stock price target of NMI Holdings Inc (NASDAQ:NMIH) to $9.00 reporting a possible upside of 0.11%.

Yesterday NMI Holdings Inc (NASDAQ:NMIH) traded 3.17% higher at $8.13. The company’s 50-day moving average is $7.80 and its 200-day moving average is $6.37. The last stock close price is up 27.67% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 2,055,884 shares of the stock were exchanged, up from an average trading volume of 341,832

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NMI Holdings Inc (NASDAQ:NMIH)

NMI Holdings Inc has a 52 week low of $4.19 and a 52 week high of $8.23 The company’s market cap is currently $0.

About NMI Holdings Inc (NASDAQ:NMIH)

NMI Holdings, Inc. (NMIH) provides private mortgage guaranty insurance (MI) through its insurance subsidiaries. The Company's insurance subsidiary, National Mortgage Insurance Corporation (NMIC), is an MI 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, 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. The Company originates primary mortgage insurance coverage through its delegated and non-delegated underwriting programs. Its residential mortgage insurance products primarily provide first loss protection on loans originated by residential mortgage lenders and sold to the GSEs and on low down payment loans held by portfolio lenders.

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