BNP Paribas Financial Markets Buys 39,012 Shares of NMI Holdings, Inc. (NASDAQ:NMIH)

BNP Paribas Financial Markets boosted its stake in NMI Holdings, Inc. (NASDAQ:NMIH - Free Report) by 53.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 112,224 shares of the financial services provider's stock after purchasing an additional 39,012 shares during the quarter. BNP Paribas Financial Markets owned about 0.14% of NMI worth $4,623,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Van Berkom & Associates Inc. grew its holdings in shares of NMI by 2.1% during the second quarter. Van Berkom & Associates Inc. now owns 2,451,743 shares of the financial services provider's stock valued at $83,457,000 after buying an additional 51,194 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of NMI by 38.0% during the third quarter. Assenagon Asset Management S.A. now owns 1,942,428 shares of the financial services provider's stock valued at $80,009,000 after buying an additional 534,818 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of NMI by 18.4% during the second quarter. American Century Companies Inc. now owns 1,617,601 shares of the financial services provider's stock valued at $55,063,000 after buying an additional 251,664 shares during the last quarter. FMR LLC grew its holdings in shares of NMI by 7.6% during the third quarter. FMR LLC now owns 1,517,092 shares of the financial services provider's stock valued at $62,489,000 after buying an additional 107,771 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of NMI by 2.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,064,081 shares of the financial services provider's stock valued at $43,829,000 after buying an additional 22,756 shares during the last quarter. 94.12% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on NMIH. StockNews.com cut shares of NMI from a "buy" rating to a "hold" rating in a report on Wednesday, August 21st. Royal Bank of Canada reduced their price objective on shares of NMI from $48.00 to $47.00 and set an "outperform" rating for the company in a report on Thursday, November 7th. Barclays lifted their price objective on shares of NMI from $43.00 to $48.00 and gave the company an "overweight" rating in a report on Tuesday, October 8th. Finally, JPMorgan Chase & Co. boosted their price target on shares of NMI from $42.00 to $46.00 and gave the stock 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 given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $43.29.

NMI Stock Down 2.9 %

NMI stock traded down $1.17 during midday trading on Wednesday, hitting $39.04. 74,351 shares of the stock were exchanged, compared to its average volume of 528,108. The stock has a market capitalization of $3.09 billion, a price-to-earnings ratio of 9.08, a price-to-earnings-growth ratio of 0.98 and a beta of 1.10. The company has a quick ratio of 0.83, a current 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. The business's 50-day moving average price is $39.51 and its 200-day moving average price is $37.62.

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.