Zacks Investment Research downgraded NMI Holdings Inc (NASDAQ:NMIH) to Hold in a statement released earlier today.
- Updated: October 9, 2016
Zacks Investment Research has downgraded NMI Holdings Inc (NASDAQ:NMIH) to Hold in a report released on 10/5/2016.
Yesterday NMI Holdings Inc (NASDAQ:NMIH) traded 1.20% higher at $7.60. The company’s 50-day moving average is $7.76 and its 200-day moving average is $6.31. The last closing price is up 20.35% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. 344,984 shares of the stock were exchanged, up from an average trading volume of 311,745
With a total market value of $0, NMI Holdings Inc has 52 week low of $4.19 and a one year high of $8.23 .
General Information 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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