Fmr LLC Raises Stock Position in NMI Holdings, Inc. (NASDAQ:NMIH)

FMR LLC increased its position in shares of NMI Holdings, Inc. (NASDAQ:NMIH - Free Report) by 7.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,517,092 shares of the financial services provider's stock after buying an additional 107,771 shares during the period. FMR LLC owned about 1.92% of NMI worth $62,489,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC increased its stake in shares of NMI by 57.2% during the third quarter. GAMMA Investing LLC now owns 728 shares of the financial services provider's stock valued at $30,000 after buying an additional 265 shares during the period. Opal Wealth Advisors LLC purchased a new position in shares of NMI during the second quarter valued at $29,000. Quarry LP boosted its position in NMI by 135.1% during the second quarter. Quarry LP now owns 858 shares of the financial services provider's stock valued at $29,000 after purchasing an additional 493 shares in the last quarter. USA Financial Formulas bought a new stake in NMI during the third quarter valued at about $57,000. Finally, Picton Mahoney Asset Management bought a new stake in NMI during the second quarter valued at about $63,000. Hedge funds and other institutional investors own 94.12% of the company's stock.

Analyst Ratings Changes

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

NMI Stock Down 0.3 %

NASDAQ NMIH traded down $0.13 during trading on Friday, hitting $39.29. The company's stock had a trading volume of 300,433 shares, compared to its average volume of 476,695. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.83 and a quick ratio of 0.83. The company has a market cap of $3.11 billion, a PE ratio of 8.99, a P/E/G ratio of 0.95 and a beta of 1.10. The business's 50 day simple moving average is $39.42 and its 200-day simple moving average is $37.68. NMI Holdings, Inc. has a fifty-two week low of $27.25 and a fifty-two week high of $42.49.

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.