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