Wellington Management Group LLP Cuts Stock Position in NMI Holdings, Inc. (NASDAQ:NMIH)

Wellington Management Group LLP lowered its stake in shares of NMI Holdings, Inc. (NASDAQ:NMIH - Free Report) by 69.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 411,956 shares of the financial services provider's stock after selling 914,881 shares during the period. Wellington Management Group LLP owned 0.52% of NMI worth $16,968,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Donald Smith & CO. Inc. bought a new stake in shares of NMI during the 2nd quarter valued at $29,708,000. Assenagon Asset Management S.A. grew its position in shares of NMI by 38.0% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,942,428 shares of the financial services provider's stock worth $80,009,000 after buying an additional 534,818 shares during the period. F M Investments LLC bought a new stake in NMI in the 2nd quarter valued at about $12,447,000. Millennium Management LLC increased its stake in NMI by 34.8% during the 2nd quarter. Millennium Management LLC now owns 1,020,415 shares of the financial services provider's stock valued at $34,735,000 after purchasing an additional 263,478 shares in the last quarter. Finally, American Century Companies Inc. increased its holdings in NMI by 18.4% during the 2nd quarter. American Century Companies Inc. now owns 1,617,601 shares of the financial services provider's stock worth $55,063,000 after purchasing an additional 251,664 shares in 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 recently commented on NMIH. StockNews.com downgraded NMI from a "buy" rating to a "hold" rating in a research report on Wednesday, August 21st. JPMorgan Chase & Co. decreased their price objective on shares of NMI from $46.00 to $41.00 and set an "overweight" rating on the stock in a research report on Monday, December 9th. Barclays lifted their price target on shares of NMI from $43.00 to $48.00 and gave the stock an "overweight" rating in a research note on Tuesday, October 8th. Keefe, Bruyette & Woods upped their price target on shares of NMI from $43.00 to $44.00 and gave the company a "market perform" rating in a report on Tuesday, December 10th. Finally, Royal Bank of Canada dropped their target price on shares of NMI from $48.00 to $47.00 and set an "outperform" rating for the company in a research report on Thursday, November 7th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $43.14.

NMI Stock Down 0.7 %

NMI stock traded down $0.25 during mid-day trading on Friday, hitting $37.97. The company had a trading volume of 307,034 shares, compared to its average volume of 527,690. The stock's 50 day moving average price is $39.11 and its two-hundred day moving average price is $37.94. The company has a market capitalization of $3.00 billion, a PE ratio of 8.69, a price-to-earnings-growth ratio of 0.94 and a beta of 1.10. NMI Holdings, Inc. has a 12 month low of $28.42 and a 12 month high of $42.49. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.19.

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.