NMI Holdings, Inc. (NASDAQ:NMIH) Holdings Decreased by Natixis Advisors LLC

Natixis Advisors LLC cut its position in shares of NMI Holdings, Inc. (NASDAQ:NMIH) by 1.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 33,157 shares of the financial services provider’s stock after selling 443 shares during the quarter. Natixis Advisors LLC’s holdings in NMI were worth $1,366,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Chase Investment Counsel Corp acquired a new stake in shares of NMI during the third quarter worth $3,763,000. GSA Capital Partners LLP grew its position in shares of NMI by 486.1% during the 3rd quarter. GSA Capital Partners LLP now owns 48,754 shares of the financial services provider’s stock valued at $2,008,000 after buying an additional 40,435 shares during the last quarter. Entropy Technologies LP acquired a new stake in NMI during the third quarter worth about $234,000. Versor Investments LP bought a new position in NMI in the third quarter worth about $861,000. Finally, Chartwell Investment Partners LLC boosted its stake in NMI by 21.3% in the third quarter. Chartwell Investment Partners LLC now owns 38,599 shares of the financial services provider’s stock valued at $1,589,000 after acquiring an additional 6,787 shares during the period. Institutional investors and hedge funds own 94.12% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on NMIH shares. Keefe, Bruyette & Woods increased their price target on NMI from $37.00 to $40.00 and gave the stock a “market perform” rating in a research report on Thursday, August 1st. StockNews.com lowered NMI from a “buy” rating to a “hold” rating in a research report on Wednesday, August 21st. Truist Financial boosted their price target on shares of NMI from $37.00 to $47.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Royal Bank of Canada lowered their price target 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. Finally, Barclays lifted their price objective on shares of NMI from $43.00 to $48.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $43.29.

NMI Price Performance

Shares of NMIH opened at $40.00 on Wednesday. The firm has a market capitalization of $3.17 billion, a price-to-earnings ratio of 9.15, a price-to-earnings-growth ratio of 0.95 and a beta of 1.13. The stock’s fifty day moving average is $39.65 and its 200-day moving average is $37.35. NMI Holdings, Inc. has a one year low of $27.00 and a one year high of $42.49. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.83 and a current ratio of 0.83.

NMI 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.