World Investment Advisors LLC Invests $1.06 Million in NMI Holdings, Inc. (NASDAQ:NMIH)

World Investment Advisors LLC acquired a new stake in shares of NMI Holdings, Inc. (NASDAQ:NMIH - Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 25,703 shares of the financial services provider's stock, valued at approximately $1,059,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in NMIH. Donald Smith & CO. Inc. acquired a new stake in NMI during the second quarter valued at $29,708,000. Assenagon Asset Management S.A. raised its position in shares of NMI by 38.0% in the third 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 purchasing an additional 534,818 shares during the period. F M Investments LLC acquired a new position in NMI during the 2nd quarter worth $12,447,000. Barclays PLC boosted its holdings in NMI by 264.4% during the third quarter. Barclays PLC now owns 386,999 shares of the financial services provider's stock valued at $15,940,000 after acquiring an additional 280,809 shares during the period. Finally, Millennium Management LLC increased its stake in shares of NMI by 34.8% in the second quarter. Millennium Management LLC now owns 1,020,415 shares of the financial services provider's stock worth $34,735,000 after purchasing an additional 263,478 shares during the period. 94.12% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

NMIH has been the subject of several research reports. StockNews.com cut NMI from a "buy" rating to a "hold" rating in a research report on Wednesday, August 21st. Barclays raised their price target on shares of NMI from $43.00 to $48.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 8th. Keefe, Bruyette & Woods upped their price objective on shares of NMI from $43.00 to $44.00 and gave the company a "market perform" rating in a research report on Tuesday, December 10th. Royal Bank of Canada decreased their target price on NMI from $48.00 to $47.00 and set an "outperform" rating on the stock in a research report on Thursday, November 7th. Finally, JPMorgan Chase & Co. dropped their price target on shares of NMI from $46.00 to $41.00 and set an "overweight" rating for the company in a research report on Monday, December 9th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, NMI currently has a consensus rating of "Moderate Buy" and a consensus price target of $43.14.

NMI Trading Up 0.3 %

Shares of NMIH traded up $0.11 on Monday, reaching $38.08. 358,773 shares of the company's stock were exchanged, compared to its average volume of 526,992. The business has a 50 day moving average price of $39.11 and a two-hundred day moving average price of $37.94. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $3.01 billion, a P/E ratio of 8.71, 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.

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.