State Street Corp grew its holdings 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 filing with the Securities & Exchange Commission. The firm owned 3,565,348 shares of the financial services provider's stock after purchasing an additional 35,351 shares during the quarter. State Street Corp owned approximately 4.51% of NMI worth $146,857,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in NMIH. GAMMA Investing LLC raised its position 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 during the period. Quarry LP raised its position in shares of NMI by 135.1% in the 2nd quarter. Quarry LP now owns 858 shares of the financial services provider's stock worth $29,000 after buying an additional 493 shares during the period. Federated Hermes Inc. raised its position in shares of NMI by 1.8% in the 2nd quarter. Federated Hermes Inc. now owns 33,570 shares of the financial services provider's stock worth $1,143,000 after buying an additional 593 shares during the period. Diversified Trust Co raised its position in shares of NMI by 2.9% in the 3rd quarter. Diversified Trust Co now owns 28,567 shares of the financial services provider's stock worth $1,177,000 after buying an additional 805 shares during the period. 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 worth $265,000 after buying an additional 824 shares during the period. Hedge funds and other institutional investors own 94.12% of the company's stock.
Shares of NMI stock opened at $37.97 on Friday. The business has a 50-day moving average of $39.17 and a 200-day moving average of $37.82. 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 P/E/G ratio of 0.94 and a beta of 1.10. NMI Holdings, Inc. has a 1-year low of $28.42 and a 1-year high of $42.49.
Several brokerages recently weighed in on NMIH. StockNews.com lowered NMI from a "buy" rating to a "hold" rating in a research report on Wednesday, August 21st. JPMorgan Chase & Co. lowered their price target on NMI from $46.00 to $41.00 and set an "overweight" rating for the company in a report on Monday, December 9th. 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. Keefe, Bruyette & Woods increased their price target on NMI from $43.00 to $44.00 and gave the company a "market perform" rating in a report on Tuesday. Finally, Royal Bank of Canada lowered 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. 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.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $43.14.
Read Our Latest Analysis on NMIH
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.
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