NMI Holdings, Inc. (NASDAQ:NMIH) Shares Sold by Edgestream Partners L.P.

Edgestream Partners L.P. decreased its position in shares of NMI Holdings, Inc. (NASDAQ:NMIH - Free Report) by 56.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 74,456 shares of the financial services provider's stock after selling 98,338 shares during the quarter. Edgestream Partners L.P. owned approximately 0.09% of NMI worth $3,067,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in NMIH. Price T Rowe Associates Inc. MD increased its holdings in shares of NMI by 5.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 57,639 shares of the financial services provider's stock valued at $1,865,000 after acquiring an additional 3,057 shares during the period. CWM LLC raised its holdings in shares of NMI by 92.7% in the second quarter. CWM LLC now owns 2,974 shares of the financial services provider's stock valued at $101,000 after buying an additional 1,431 shares during the last quarter. Opal Wealth Advisors LLC acquired a new stake in shares of NMI during the second quarter worth about $29,000. Diversified Trust Co grew its holdings in shares of NMI by 6.7% during the second quarter. Diversified Trust Co now owns 27,762 shares of the financial services provider's stock worth $945,000 after buying an additional 1,733 shares during the last quarter. Finally, Financial Strategies Group Inc. increased its position in NMI by 77.1% in the 2nd quarter. Financial Strategies Group Inc. now owns 11,516 shares of the financial services provider's stock valued at $396,000 after acquiring an additional 5,013 shares during the period. Institutional investors and hedge funds own 94.12% of the company's stock.

NMI Price Performance

Shares of NASDAQ:NMIH traded up $0.39 on Monday, reaching $40.38. 484,187 shares of the company were exchanged, compared to its average volume of 530,299. The company has a 50-day moving average of $39.53 and a 200-day moving average of $37.58. 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 firm has a market cap of $3.20 billion, a price-to-earnings ratio of 9.24, a price-to-earnings-growth ratio of 0.98 and a beta of 1.13. NMI Holdings, Inc. has a 1-year low of $27.25 and a 1-year high of $42.49.

Analysts Set New Price Targets

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

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.