NMI Holdings, Inc. (NASDAQ:NMIH) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its holdings in NMI Holdings, Inc. (NASDAQ:NMIH) by 12.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 133,173 shares of the financial services provider’s stock after selling 19,597 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.17% of NMI worth $5,485,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Van Berkom & Associates Inc. lifted 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 buying an additional 51,194 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in NMI by 38.0% in the third 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 buying an additional 534,818 shares during the last quarter. American Century Companies Inc. lifted its stake in NMI by 18.4% in the second quarter. American Century Companies Inc. now owns 1,617,601 shares of the financial services provider’s stock valued at $55,063,000 after buying an additional 251,664 shares during the last quarter. FMR LLC lifted its stake in NMI by 7.6% in the third quarter. FMR LLC now owns 1,517,092 shares of the financial services provider’s stock valued at $62,489,000 after buying an additional 107,771 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in NMI by 2.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,064,081 shares of the financial services provider’s stock valued at $43,829,000 after buying an additional 22,756 shares during the last quarter. Institutional investors and hedge funds own 94.12% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. StockNews.com cut NMI from a “buy” rating to a “hold” rating in a research note on Wednesday, August 21st. Keefe, Bruyette & Woods lifted 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. Royal Bank of Canada cut their price objective 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. JPMorgan Chase & Co. cut their price objective on shares of NMI from $46.00 to $41.00 and set an “overweight” rating on the stock in a research note on Monday. 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 note on Tuesday, October 8th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, NMI currently has a consensus rating of “Moderate Buy” and an average price target of $43.14.

NMI Price Performance

NASDAQ:NMIH opened at $37.92 on Wednesday. The business’s 50-day moving average price is $39.28 and its 200 day moving average price is $37.82. The firm has a market cap of $3.00 billion, a P/E ratio of 8.68, a PEG ratio of 0.96 and a beta of 1.10. NMI Holdings, Inc. has a 52-week low of $27.95 and a 52-week high of $42.49. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.19.

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.