NMI Holdings, Inc. (NASDAQ:NMIH) Shares Sold by Stifel Financial Corp

Stifel Financial Corp lowered its position in NMI Holdings, Inc. (NASDAQ:NMIH) by 5.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,967 shares of the financial services provider’s stock after selling 742 shares during the period. Stifel Financial Corp’s holdings in NMI were worth $575,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bank of New York Mellon Corp boosted its position in shares of NMI by 0.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 670,256 shares of the financial services provider’s stock worth $22,816,000 after buying an additional 4,096 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in NMI by 94.7% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 15,361 shares of the financial services provider’s stock valued at $523,000 after buying an additional 7,473 shares in the last quarter. Picton Mahoney Asset Management purchased a new stake in NMI in the 2nd quarter valued at approximately $63,000. Natixis Advisors LLC increased its position in NMI by 4.8% during the second quarter. Natixis Advisors LLC now owns 33,600 shares of the financial services provider’s stock worth $1,144,000 after buying an additional 1,527 shares in the last quarter. Finally, TD Asset Management Inc lifted its position in shares of NMI by 5.6% in the second quarter. TD Asset Management Inc now owns 94,200 shares of the financial services provider’s stock valued at $3,207,000 after acquiring an additional 5,000 shares in the last quarter. 94.12% of the stock is owned by institutional investors and hedge funds.

NMI Stock Performance

NASDAQ NMIH opened at $37.26 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. NMI Holdings, Inc. has a 1-year low of $28.67 and a 1-year high of $42.49. The firm has a market capitalization of $2.95 billion, a P/E ratio of 8.53, a P/E/G ratio of 0.92 and a beta of 1.10. The business’s 50-day simple moving average is $38.46 and its 200-day simple moving average is $38.12.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in 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 note on Thursday, November 7th. 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 note on Tuesday, December 10th. JPMorgan Chase & Co. lowered their target price on shares of 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 lifted their price objective on NMI from $43.00 to $48.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, NMI has an average rating of “Moderate Buy” and a consensus price target of $43.14.

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.