Verition Fund Management LLC Purchases 25,425 Shares of NMI Holdings, Inc. (NASDAQ:NMIH)

Verition Fund Management LLC lifted its position in NMI Holdings, Inc. (NASDAQ:NMIH - Free Report) by 135.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 44,148 shares of the financial services provider's stock after purchasing an additional 25,425 shares during the quarter. Verition Fund Management LLC owned about 0.06% of NMI worth $1,818,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. GAMMA Investing LLC raised its holdings 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 valued at $30,000 after buying an additional 265 shares during the period. Opal Wealth Advisors LLC acquired a new position in shares of NMI in the second quarter valued at approximately $29,000. Quarry LP increased its stake in 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 during the period. USA Financial Formulas acquired a new stake in shares of NMI in the 3rd quarter valued at approximately $57,000. Finally, Picton Mahoney Asset Management purchased a new stake in NMI during the second quarter worth about $63,000. Hedge funds and other institutional investors own 94.12% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on NMIH shares. StockNews.com cut shares of NMI from a "buy" rating to a "hold" rating in a research note on Wednesday, August 21st. Royal Bank of Canada decreased their target price on NMI from $48.00 to $47.00 and set an "outperform" rating for the company in a report on Thursday, November 7th. JPMorgan Chase & Co. upped their target price on NMI from $42.00 to $46.00 and gave the stock an "overweight" rating in a research report on Monday, October 7th. Finally, Barclays boosted their price objective on shares of NMI from $43.00 to $48.00 and gave the stock an "overweight" rating in a report on Tuesday, October 8th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, NMI has an average rating of "Moderate Buy" and an average target price of $43.29.

NMI Stock Down 0.3 %

NASDAQ:NMIH traded down $0.13 during mid-day trading on Friday, reaching $39.29. The stock had a trading volume of 295,833 shares, compared to its average volume of 527,936. The stock has a market cap of $3.11 billion, a P/E ratio of 8.99, a PEG ratio of 0.98 and a beta of 1.10. The business's 50 day moving average is $39.42 and its 200 day moving average is $37.68. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.83 and a quick ratio of 0.83. NMI Holdings, Inc. has a fifty-two week low of $27.25 and a fifty-two week high of $42.49.

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.