17,482 Shares in NMI Holdings, Inc. (NASDAQ:NMIH) Bought by Point72 DIFC Ltd

Point72 DIFC Ltd acquired a new stake in NMI Holdings, Inc. (NASDAQ:NMIH - Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 17,482 shares of the financial services provider's stock, valued at approximately $720,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Algert Global LLC raised its position in NMI by 88.9% in the 3rd quarter. Algert Global LLC now owns 142,141 shares of the financial services provider's stock valued at $5,855,000 after purchasing an additional 66,880 shares in the last quarter. Leeward Investments LLC MA lifted its stake in NMI by 5.6% in the second quarter. Leeward Investments LLC MA now owns 306,985 shares of the financial services provider's stock worth $10,450,000 after acquiring an additional 16,295 shares during the last quarter. Edgestream Partners L.P. grew its holdings in NMI by 13.1% during the 2nd quarter. Edgestream Partners L.P. now owns 172,794 shares of the financial services provider's stock worth $5,882,000 after acquiring an additional 20,048 shares in the last quarter. Panagora Asset Management Inc. increased its position in shares of NMI by 5.8% in the 2nd quarter. Panagora Asset Management Inc. now owns 526,287 shares of the financial services provider's stock valued at $17,915,000 after purchasing an additional 29,040 shares during the last quarter. Finally, Citigroup Inc. raised its holdings in shares of NMI by 95.4% in the 3rd quarter. Citigroup Inc. now owns 129,180 shares of the financial services provider's stock valued at $5,321,000 after purchasing an additional 63,058 shares in the last quarter. 94.12% of the stock is currently owned by hedge funds and other institutional investors.

NMI Stock Performance

Shares of NMI stock traded down $0.13 on Friday, hitting $39.29. The stock had a trading volume of 295,833 shares, compared to its average volume of 527,936. The company's 50 day moving average price is $39.42 and its 200 day moving average price is $37.68. The stock has a market cap of $3.11 billion, a price-to-earnings ratio of 8.99, a P/E/G ratio of 0.98 and a beta of 1.10. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.19. NMI Holdings, Inc. has a 52-week low of $27.25 and a 52-week high of $42.49.

Analyst Ratings Changes

A number of brokerages recently commented on NMIH. Royal Bank of Canada lowered their target price on shares of NMI from $48.00 to $47.00 and set an "outperform" rating for the company in a research note on Thursday, November 7th. StockNews.com cut NMI from a "buy" rating to a "hold" rating in a research report on Wednesday, August 21st. Barclays raised their target price on NMI from $43.00 to $48.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 8th. Finally, JPMorgan Chase & Co. upped their price target on NMI from $42.00 to $46.00 and gave the company an "overweight" rating in a report on Monday, October 7th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $43.29.

NMI Profile

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.