Healthcare of Ontario Pension Plan Trust Fund Buys 28,000 Shares of NMI Holdings, Inc. (NASDAQ:NMIH)

Healthcare of Ontario Pension Plan Trust Fund grew its stake in shares of NMI Holdings, Inc. (NASDAQ:NMIH - Free Report) by 71.8% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 67,000 shares of the financial services provider's stock after acquiring an additional 28,000 shares during the period. Healthcare of Ontario Pension Plan Trust Fund owned 0.08% of NMI worth $2,760,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of NMIH. Opal Wealth Advisors LLC acquired a new position in NMI in the 2nd quarter worth about $29,000. Quarry LP grew its stake in shares of NMI by 135.1% in the 2nd quarter. Quarry LP now owns 858 shares of the financial services provider's stock valued at $29,000 after buying an additional 493 shares in the last quarter. GAMMA Investing LLC increased 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 worth $30,000 after buying an additional 265 shares during the last quarter. USA Financial Formulas bought a new position in NMI during the third quarter valued at approximately $57,000. Finally, Picton Mahoney Asset Management acquired a new stake in NMI in the second quarter valued at approximately $63,000. 94.12% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

NMIH has been the topic of a number of recent research reports. StockNews.com downgraded shares of NMI from a "buy" rating to a "hold" rating in a report on Wednesday, August 21st. Barclays increased their target price 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. Royal Bank of Canada decreased their price target on NMI from $48.00 to $47.00 and set an "outperform" rating for the company in a research note on Thursday, November 7th. Finally, 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 note on Monday, October 7th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $43.29.

NMI Stock Performance

NMIH traded down $0.04 during midday trading on Friday, reaching $39.99. The company's stock had a trading volume of 520,550 shares, compared to its average volume of 521,680. 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 company has a fifty day simple moving average of $39.55 and a 200 day simple moving average of $37.50. The stock has a market cap of $3.16 billion, a P/E ratio of 9.15, a PEG ratio of 0.98 and a beta of 1.13. NMI Holdings, Inc. has a twelve month low of $27.25 and a twelve month high of $42.49.

About NMI

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.