NMI Holdings, Inc. (NASDAQ:NMIH) Shares Acquired by Algert Global LLC

Algert Global LLC grew its position in NMI Holdings, Inc. (NASDAQ:NMIH - Free Report) by 88.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 142,141 shares of the financial services provider's stock after acquiring an additional 66,880 shares during the quarter. Algert Global LLC owned about 0.18% of NMI worth $5,855,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Opal Wealth Advisors LLC purchased a new stake in shares of NMI during the second quarter worth approximately $29,000. Quarry LP increased its position in NMI by 135.1% during the 2nd quarter. Quarry LP now owns 858 shares of the financial services provider's stock worth $29,000 after purchasing an additional 493 shares during the period. GAMMA Investing LLC lifted its holdings in NMI by 57.2% in the third quarter. GAMMA Investing LLC now owns 728 shares of the financial services provider's stock valued at $30,000 after acquiring an additional 265 shares during the period. USA Financial Formulas purchased a new stake in shares of NMI during the 3rd quarter worth $57,000. Finally, Picton Mahoney Asset Management acquired a new position in shares of NMI during the 2nd quarter worth $63,000. 94.12% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on NMIH. JPMorgan Chase & Co. upped their price target on NMI from $42.00 to $46.00 and gave the stock an "overweight" rating in a report on Monday, October 7th. Royal Bank of Canada reduced their target price on NMI from $48.00 to $47.00 and set an "outperform" rating on the stock in a research report on Thursday, November 7th. StockNews.com downgraded shares of NMI from a "buy" rating to a "hold" rating in a research note on Wednesday, August 21st. Truist Financial boosted their target price on shares of NMI from $37.00 to $47.00 and gave the company a "buy" rating in a report on Wednesday, July 31st. Finally, Keefe, Bruyette & Woods increased their price target on shares of NMI from $37.00 to $40.00 and gave the stock a "market perform" rating in a research note on Thursday, August 1st. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, NMI currently has an average rating of "Moderate Buy" and an average price target of $43.29.

NMI Stock Up 1.2 %

NMI stock traded up $0.46 during trading on Friday, reaching $38.73. 452,366 shares of the company's stock were exchanged, compared to its average volume of 515,669. The company's 50-day moving average is $39.69 and its two-hundred day moving average is $37.28. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.83 and a current ratio of 0.83. NMI Holdings, Inc. has a 52-week low of $27.00 and a 52-week high of $42.49. The firm has a market cap of $3.06 billion, a price-to-earnings ratio of 8.86, a PEG ratio of 0.93 and a beta of 1.13.

Insider Activity

In other news, insider William J. Leatherberry sold 3,000 shares of NMI stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $40.07, for a total transaction of $120,210.00. Following the sale, the insider now directly owns 153,689 shares of the company's stock, valued at approximately $6,158,318.23. The trade was a 1.91 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.70% of the company's stock.

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.