13,798 Shares in NMI Holdings, Inc. (NASDAQ:NMIH) Bought by XTX Topco Ltd

XTX Topco Ltd bought a new position in NMI Holdings, Inc. (NASDAQ:NMIH - Free Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 13,798 shares of the financial services provider's stock, valued at approximately $568,000.

Other institutional investors have also made changes to their positions in the company. Quarry LP raised its position in NMI by 135.1% during the second 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. GAMMA Investing LLC increased 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 purchasing an additional 265 shares during the period. USA Financial Formulas purchased a new stake in shares of NMI in the third quarter worth approximately $57,000. Picton Mahoney Asset Management acquired a new stake in shares of NMI during the second quarter worth approximately $63,000. Finally, CWM LLC grew its position in NMI by 92.7% during the second quarter. CWM LLC now owns 2,974 shares of the financial services provider's stock valued at $101,000 after purchasing an additional 1,431 shares in the last quarter. 94.12% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on NMIH. Royal Bank of Canada cut their target price on shares of NMI from $48.00 to $47.00 and set an "outperform" rating for the company in a research report on Thursday, November 7th. StockNews.com cut NMI from a "buy" rating to a "hold" rating in a research report on Wednesday, August 21st. Keefe, Bruyette & Woods boosted their target price on NMI from $43.00 to $44.00 and gave the company a "market perform" rating in a research note on Tuesday. JPMorgan Chase & Co. cut their price target on NMI from $46.00 to $41.00 and set an "overweight" rating for the company in a research note on Monday, December 9th. Finally, Barclays boosted their price target on NMI from $43.00 to $48.00 and gave the company an "overweight" rating in a research note on Tuesday, October 8th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, NMI presently has an average rating of "Moderate Buy" and a consensus target price of $43.14.

NMI Stock Performance

Shares of NMIH stock traded down $0.25 during trading on Friday, reaching $37.97. The company had a trading volume of 307,034 shares, compared to its average volume of 527,690. The firm's 50 day simple moving average is $39.11 and its two-hundred day simple moving average is $37.90. NMI Holdings, Inc. has a one year low of $28.42 and a one year high of $42.49. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.83 and a quick ratio of 0.83. The company has a market capitalization of $3.00 billion, a PE ratio of 8.69, a PEG ratio of 0.94 and a beta of 1.10.

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.