UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 19,597 Shares of NMI Holdings, Inc. (NASDAQ:NMIH)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its position in shares of NMI Holdings, Inc. (NASDAQ:NMIH - Free Report) by 12.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 133,173 shares of the financial services provider's stock after selling 19,597 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.17% of NMI worth $5,485,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. CWM LLC lifted its stake in shares of NMI by 92.7% in the 2nd quarter. CWM LLC now owns 2,974 shares of the financial services provider's stock valued at $101,000 after purchasing an additional 1,431 shares during the period. Diversified Trust Co grew its position in shares of NMI by 6.7% during the 2nd 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 period. Financial Strategies Group Inc. grew its position in shares of NMI by 77.1% during the 2nd quarter. Financial Strategies Group Inc. now owns 11,516 shares of the financial services provider's stock worth $396,000 after buying an additional 5,013 shares during the period. Assenagon Asset Management S.A. increased its stake in shares of NMI by 23.0% in the 2nd quarter. Assenagon Asset Management S.A. now owns 1,407,610 shares of the financial services provider's stock valued at $47,915,000 after acquiring an additional 263,250 shares in the last quarter. Finally, Leeward Investments LLC MA lifted its position in shares of NMI by 5.6% during the 2nd quarter. Leeward Investments LLC MA now owns 306,985 shares of the financial services provider's stock valued at $10,450,000 after acquiring an additional 16,295 shares during the period. Institutional investors own 94.12% of the company's stock.

NMI Stock Performance

Shares of NASDAQ NMIH traded up $0.60 during midday trading on Wednesday, reaching $38.52. The company's stock had a trading volume of 397,989 shares, compared to its average volume of 528,910. The stock has a market capitalization of $3.05 billion, a P/E ratio of 8.81, a PEG ratio of 0.96 and a beta of 1.10. 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 firm has a 50 day moving average price of $39.23 and a 200-day moving average price of $37.82. NMI Holdings, Inc. has a 12-month low of $28.13 and a 12-month high of $42.49.

Wall Street Analyst Weigh In

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

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.