NMI Holdings, Inc. (NASDAQ:NMIH) Shares Acquired by Barclays PLC

Barclays PLC boosted its position in shares of NMI Holdings, Inc. (NASDAQ:NMIH - Free Report) by 264.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 386,999 shares of the financial services provider's stock after purchasing an additional 280,809 shares during the period. Barclays PLC owned about 0.49% of NMI worth $15,940,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NMIH. XTX Topco Ltd purchased a new position in NMI in the 3rd quarter worth about $568,000. iSAM Funds UK Ltd purchased a new stake in shares of NMI in the third quarter valued at approximately $350,000. Jane Street Group LLC raised its position in NMI by 64.2% during the 3rd quarter. Jane Street Group LLC now owns 139,173 shares of the financial services provider's stock valued at $5,733,000 after purchasing an additional 54,391 shares in the last quarter. Virtus Investment Advisers Inc. lifted its holdings in shares of NMI by 17.1% in the 3rd quarter. Virtus Investment Advisers Inc. now owns 37,606 shares of the financial services provider's stock worth $1,549,000 after buying an additional 5,500 shares during the period. Finally, Taika Capital LP purchased a new position in shares of NMI during the third quarter valued at $4,071,000. 94.12% of the stock is owned by hedge funds and other institutional investors.

NMI Stock Performance

Shares of NASDAQ NMIH traded up $0.11 during midday trading on Monday, reaching $38.08. The company had a trading volume of 358,773 shares, compared to its average volume of 526,992. NMI Holdings, Inc. has a 1 year low of $28.42 and a 1 year high of $42.49. The business's 50-day simple moving average is $39.11 and its 200 day simple moving average is $37.94. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.19. The stock has a market cap of $3.01 billion, a P/E ratio of 8.71, a P/E/G ratio of 0.94 and a beta of 1.10.

Analysts Set New Price Targets

Several brokerages have recently weighed in on NMIH. Keefe, Bruyette & Woods upped their price target on shares of NMI from $43.00 to $44.00 and gave the stock a "market perform" rating in a research report on Tuesday, December 10th. StockNews.com cut NMI from a "buy" rating to a "hold" rating in a research note on Wednesday, August 21st. JPMorgan Chase & Co. decreased their price target on shares of NMI from $46.00 to $41.00 and set an "overweight" rating for the company in a research report on Monday, December 9th. Barclays lifted their price objective on shares of NMI from $43.00 to $48.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 8th. Finally, Royal Bank of Canada decreased their target price on shares of NMI from $48.00 to $47.00 and set an "outperform" rating for the company in a research report on Thursday, November 7th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $43.14.

NMI Company 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.