Barclays PLC raised its position in shares of NMI Holdings, Inc. (NASDAQ:NMIH - Free Report) by 264.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 386,999 shares of the financial services provider's stock after buying an additional 280,809 shares during the quarter. Barclays PLC owned about 0.49% of NMI worth $15,940,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of the business. GAMMA Investing LLC boosted its position in shares of NMI by 57.2% in the 3rd quarter. GAMMA Investing LLC now owns 728 shares of the financial services provider's stock worth $30,000 after purchasing an additional 265 shares in the last quarter. Quarry LP grew its stake in shares of NMI by 135.1% in the second quarter. Quarry LP now owns 858 shares of the financial services provider's stock worth $29,000 after acquiring an additional 493 shares during the last quarter. USA Financial Formulas bought a new position in shares of NMI during the third quarter valued at $57,000. Picton Mahoney Asset Management bought a new position in shares of NMI during the second quarter valued at $63,000. Finally, CWM LLC raised its position in shares of NMI by 92.7% in the 2nd quarter. CWM LLC now owns 2,974 shares of the financial services provider's stock worth $101,000 after purchasing an additional 1,431 shares during the last quarter. Institutional investors own 94.12% of the company's stock.
NMIH has been the topic of several recent analyst reports. Keefe, Bruyette & Woods increased their price objective on shares of NMI from $43.00 to $44.00 and gave the company a "market perform" rating in a research report on Tuesday, December 10th. Barclays raised their price target on shares of NMI from $43.00 to $48.00 and gave the company an "overweight" rating in a research report on Tuesday, October 8th. JPMorgan Chase & Co. cut their target price on NMI from $46.00 to $41.00 and set an "overweight" rating on the stock in a research note on Monday, December 9th. Royal Bank of Canada decreased their price target on NMI from $48.00 to $47.00 and set an "outperform" rating for the company in a research note on Thursday, November 7th. Finally, StockNews.com cut NMI from a "buy" rating to a "hold" rating in a research report on Wednesday, August 21st. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $43.14.
Check Out Our Latest Report on NMIH
NMIH stock opened at $37.97 on Monday. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.83 and a quick ratio of 0.83. NMI Holdings, Inc. has a 1 year low of $28.42 and a 1 year high of $42.49. The company has a market cap of $3.00 billion, a P/E ratio of 8.69, a price-to-earnings-growth ratio of 0.94 and a beta of 1.10. The stock's fifty day moving average price is $39.11 and its 200-day moving average price is $37.94.
NMI Holdings, Inc provides private mortgage guaranty insurance services in the United States. The company offers mortgage insurance services, such as primary and pool insurance; 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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