Cerity Partners LLC Grows Stock Holdings in NMI Holdings, Inc. (NASDAQ:NMIH)

Cerity Partners LLC grew its position in NMI Holdings, Inc. (NASDAQ:NMIH) by 11.1% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 17,828 shares of the financial services provider’s stock after buying an additional 1,786 shares during the period. Cerity Partners LLC’s holdings in NMI were worth $734,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Van Berkom & Associates Inc. boosted its stake in NMI by 2.1% in the second quarter. Van Berkom & Associates Inc. now owns 2,451,743 shares of the financial services provider’s stock valued at $83,457,000 after acquiring an additional 51,194 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of NMI by 38.0% during 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 purchasing an additional 534,818 shares during the last quarter. American Century Companies Inc. boosted its position in shares of NMI by 18.4% in the 2nd quarter. American Century Companies Inc. now owns 1,617,601 shares of the financial services provider’s stock worth $55,063,000 after purchasing an additional 251,664 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in NMI by 2.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,064,081 shares of the financial services provider’s stock worth $43,829,000 after buying an additional 22,756 shares during the last quarter. Finally, Millennium Management LLC increased its position in NMI by 34.8% during the 2nd quarter. Millennium Management LLC now owns 1,020,415 shares of the financial services provider’s stock valued at $34,735,000 after buying an additional 263,478 shares in the last quarter. Hedge funds and other institutional investors own 94.12% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on NMIH shares. StockNews.com lowered NMI from a “buy” rating to a “hold” rating in a research note on Wednesday, August 21st. Barclays lifted their target price on shares of NMI from $43.00 to $48.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 8th. Royal Bank of Canada cut their price target on shares of NMI from $48.00 to $47.00 and set an “outperform” rating on the stock in a research note on Thursday, November 7th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of NMI from $42.00 to $46.00 and gave the stock an “overweight” rating in a research note on Monday, October 7th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, NMI has an average rating of “Moderate Buy” and a consensus price target of $43.29.

NMI Stock Down 0.3 %

NASDAQ:NMIH opened at $39.29 on Friday. 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’s fifty day moving average price is $39.42 and its 200-day moving average price is $37.68. NMI Holdings, Inc. has a 1-year low of $27.25 and a 1-year high of $42.49. The firm has a market capitalization of $3.11 billion, a P/E ratio of 8.99, a PEG ratio of 0.98 and a beta of 1.10.

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.