Wellington Management Group LLP cut its position in shares of NMI Holdings, Inc. (NASDAQ:NMIH - Free Report) by 69.0% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 411,956 shares of the financial services provider's stock after selling 914,881 shares during the quarter. Wellington Management Group LLP owned 0.52% of NMI worth $16,968,000 as of its most recent filing with the SEC.
Other institutional investors also recently bought and sold shares of the company. Donald Smith & CO. Inc. acquired a new position in shares of NMI during the 2nd quarter worth $29,708,000. Assenagon Asset Management S.A. increased its position in NMI by 38.0% during the third quarter. Assenagon Asset Management S.A. now owns 1,942,428 shares of the financial services provider's stock worth $80,009,000 after buying an additional 534,818 shares in the last quarter. F M Investments LLC acquired a new position in shares of NMI in the second quarter worth $12,447,000. Millennium Management LLC lifted its position in shares of NMI by 34.8% in the second quarter. Millennium Management LLC now owns 1,020,415 shares of the financial services provider's stock valued at $34,735,000 after acquiring an additional 263,478 shares in the last quarter. Finally, American Century Companies Inc. boosted its stake in shares of NMI by 18.4% during 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 acquiring an additional 251,664 shares during the last quarter. 94.12% of the stock is currently owned by hedge funds and other institutional investors.
NMIH has been the subject of several analyst reports. 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. JPMorgan Chase & Co. reduced 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, December 9th. Keefe, Bruyette & Woods lifted their target price on shares of NMI from $43.00 to $44.00 and gave the stock a "market perform" rating in a research note on Tuesday, December 10th. Barclays increased their price target on NMI from $43.00 to $48.00 and gave the stock an "overweight" rating in a research note on Tuesday, October 8th. Finally, StockNews.com downgraded NMI from a "buy" rating to a "hold" rating in a research report on Wednesday, August 21st. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $43.14.
Check Out Our Latest Analysis on NMIH
NMI stock opened at $37.97 on Friday. The company has a market cap of $3.00 billion, a price-to-earnings ratio of 8.69, a price-to-earnings-growth ratio of 0.94 and a beta of 1.10. NMI Holdings, Inc. has a 12 month low of $28.42 and a 12 month high of $42.49. 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 stock's 50-day moving average is $39.11 and its 200-day moving average is $37.90.
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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