Versor Investments LP Makes New $861,000 Investment in NMI Holdings, Inc. (NASDAQ:NMIH)

Versor Investments LP acquired a new stake in NMI Holdings, Inc. (NASDAQ:NMIH - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 20,911 shares of the financial services provider's stock, valued at approximately $861,000.

Several other hedge funds also recently made changes to their positions in NMIH. Capital International Investors acquired a new stake in NMI during the 1st quarter worth approximately $32,270,000. Donald Smith & CO. Inc. purchased a new stake in shares of NMI during the second quarter worth approximately $29,708,000. Goldentree Asset Management LP acquired a new stake in shares of NMI during the first quarter worth $22,600,000. Assenagon Asset Management S.A. grew its position in NMI by 38.0% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,942,428 shares of the financial services provider's stock valued at $80,009,000 after buying an additional 534,818 shares during the last quarter. Finally, F M Investments LLC acquired a new position in NMI in the 2nd quarter valued at $12,447,000. Hedge funds and other institutional investors own 94.12% of the company's stock.

Insider Buying and Selling at NMI

In other NMI news, insider William J. Leatherberry sold 3,000 shares of the company's stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $40.07, for a total value of $120,210.00. Following the sale, the insider now owns 153,689 shares of the company's stock, valued at $6,158,318.23. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.70% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

NMIH has been the topic of several analyst reports. Keefe, Bruyette & Woods lifted their target price on shares of NMI from $37.00 to $40.00 and gave the company a "market perform" rating in a report on Thursday, August 1st. StockNews.com cut NMI from a "buy" rating to a "hold" rating in a research report on Wednesday, August 21st. Royal Bank of Canada reduced their price target on NMI from $48.00 to $47.00 and set an "outperform" rating for the company in a report on Thursday, November 7th. Barclays upped their price objective on NMI from $43.00 to $48.00 and gave the stock 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 research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $43.29.

NMI Price Performance

Shares of NMIH stock traded down $0.34 during mid-day trading on Wednesday, reaching $38.19. The stock had a trading volume of 394,675 shares, compared to its average volume of 533,087. The company has a market cap of $3.02 billion, a P/E ratio of 8.74, a price-to-earnings-growth ratio of 0.94 and a beta of 1.13. 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 Holdings, Inc. has a 12-month low of $27.00 and a 12-month high of $42.49. The business has a 50-day simple moving average of $40.02 and a 200 day simple moving average of $37.00.

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.