State Street Corp Purchases 35,351 Shares of NMI Holdings, Inc. (NASDAQ:NMIH)

State Street Corp grew its stake in shares of NMI Holdings, Inc. (NASDAQ:NMIH - Free Report) by 1.0% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,565,348 shares of the financial services provider's stock after acquiring an additional 35,351 shares during the quarter. State Street Corp owned about 4.51% of NMI worth $146,857,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in NMIH. GAMMA Investing LLC grew its stake in shares of NMI by 57.2% in the 3rd quarter. GAMMA Investing LLC now owns 728 shares of the financial services provider's stock worth $30,000 after buying an additional 265 shares in the last quarter. Quarry LP boosted its holdings 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. Federated Hermes Inc. grew its holdings in NMI by 1.8% in the second quarter. Federated Hermes Inc. now owns 33,570 shares of the financial services provider's stock worth $1,143,000 after purchasing an additional 593 shares during the last quarter. Diversified Trust Co increased its position in NMI by 2.9% during the 3rd quarter. Diversified Trust Co now owns 28,567 shares of the financial services provider's stock valued at $1,177,000 after buying an additional 805 shares in the last quarter. Finally, Profund Advisors LLC raised its position in shares of NMI by 11.9% in the 2nd quarter. Profund Advisors LLC now owns 7,775 shares of the financial services provider's stock valued at $265,000 after purchasing an additional 824 shares during the last quarter. 94.12% of the stock is currently owned by institutional investors.

NMI Stock Performance

NASDAQ NMIH traded down $0.25 during trading hours on Friday, hitting $37.97. The company had a trading volume of 307,034 shares, compared to its average volume of 527,690. NMI Holdings, Inc. has a fifty-two week low of $28.42 and a fifty-two week high of $42.49. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.19. The firm has a market cap of $3.00 billion, a P/E ratio of 8.69, a price-to-earnings-growth ratio of 0.94 and a beta of 1.10. The business has a fifty day simple moving average of $39.17 and a 200-day simple moving average of $37.82.

Analyst Upgrades and Downgrades

NMIH has been the topic of several recent research reports. 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. StockNews.com lowered shares of NMI from a "buy" rating to a "hold" rating in a report on Wednesday, August 21st. Barclays increased their price target on NMI from $43.00 to $48.00 and gave the company an "overweight" rating in a report on Tuesday, October 8th. Royal Bank of Canada reduced their target price on shares of NMI from $48.00 to $47.00 and set an "outperform" rating on the stock in a research note on Thursday, November 7th. Finally, JPMorgan Chase & Co. decreased their price target on NMI from $46.00 to $41.00 and set an "overweight" rating on the stock in a research note on Monday, December 9th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, NMI currently has an average rating of "Moderate Buy" and an average price target of $43.14.

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.