NMI Holdings, Inc. (NASDAQ:NMIH) Shares Bought by Quest Partners LLC

Quest Partners LLC increased its holdings in NMI Holdings, Inc. (NASDAQ:NMIH - Free Report) by 284.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 55,890 shares of the financial services provider's stock after buying an additional 41,371 shares during the quarter. Quest Partners LLC owned about 0.07% of NMI worth $2,302,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of NMIH. UniSuper Management Pty Ltd purchased a new position in shares of NMI during the first quarter worth $507,000. Leeward Investments LLC MA boosted its holdings in NMI by 5.6% during the second quarter. Leeward Investments LLC MA now owns 306,985 shares of the financial services provider's stock worth $10,450,000 after buying an additional 16,295 shares in the last quarter. Edgestream Partners L.P. raised its stake in shares of NMI by 13.1% during the 2nd quarter. Edgestream Partners L.P. now owns 172,794 shares of the financial services provider's stock worth $5,882,000 after buying an additional 20,048 shares during the period. Panagora Asset Management Inc. lifted its stake in NMI by 5.8% in the 2nd quarter. Panagora Asset Management Inc. now owns 526,287 shares of the financial services provider's stock valued at $17,915,000 after buying an additional 29,040 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in NMI by 5.3% during the 1st quarter. Vanguard Group Inc. now owns 7,168,138 shares of the financial services provider's stock worth $231,818,000 after purchasing an additional 358,930 shares during the last quarter. 94.12% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider William J. Leatherberry sold 3,000 shares of the stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $40.07, for a total value of $120,210.00. Following the completion of the sale, the insider now directly owns 153,689 shares of the company's stock, valued at approximately $6,158,318.23. This represents a 1.91 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.70% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages recently issued reports on NMIH. JPMorgan Chase & Co. upped their price objective on shares of NMI from $42.00 to $46.00 and gave the company an "overweight" rating in a report on Monday, October 7th. Royal Bank of Canada decreased their price target on NMI from $48.00 to $47.00 and set an "outperform" rating on the stock in a research note on Thursday, November 7th. Keefe, Bruyette & Woods lifted their price objective on NMI from $37.00 to $40.00 and gave the company a "market perform" rating in a research note on Thursday, August 1st. Barclays boosted their price objective on NMI from $43.00 to $48.00 and gave the company an "overweight" rating in a report on Tuesday, October 8th. Finally, Truist Financial raised their target price on NMI from $37.00 to $47.00 and gave the company a "buy" rating in a report on Wednesday, July 31st. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, NMI currently has a consensus rating of "Moderate Buy" and a consensus target price of $43.29.

NMI Stock Up 0.2 %

Shares of NASDAQ:NMIH traded up $0.09 on Monday, hitting $37.71. 130,304 shares of the company's stock were exchanged, compared to its average volume of 530,839. The firm's 50-day moving average is $39.89 and its 200 day moving average is $37.13. The company has a market capitalization of $2.98 billion, a PE ratio of 8.61, a P/E/G ratio of 0.92 and a beta of 1.13. NMI Holdings, Inc. has a 1-year low of $27.00 and a 1-year high of $42.49. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.83 and a current ratio of 0.83.

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.