NMI Holdings, Inc. (NASDAQ:NMIH) Shares Acquired by Farther Finance Advisors LLC

Farther Finance Advisors LLC boosted its holdings in shares of NMI Holdings, Inc. (NASDAQ:NMIH) by 989.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,248 shares of the financial services provider’s stock after purchasing an additional 2,950 shares during the period. Farther Finance Advisors LLC’s holdings in NMI were worth $134,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in NMI by 5.3% during the first quarter. Vanguard Group Inc. now owns 7,168,138 shares of the financial services provider’s stock valued at $231,818,000 after purchasing an additional 358,930 shares during the last quarter. Van Berkom & Associates Inc. lifted its stake in NMI by 2.1% during 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 purchasing an additional 51,194 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake 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 valued at $80,009,000 after purchasing an additional 534,818 shares during the last quarter. American Century Companies Inc. lifted its stake in 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 purchasing an additional 251,664 shares during the last quarter. Finally, Millennium Management LLC lifted its stake in NMI by 34.8% during 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 purchasing an additional 263,478 shares during the last quarter. 94.12% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at NMI

In other NMI news, insider William J. Leatherberry sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $40.07, for a total value of $120,210.00. Following the transaction, the insider now owns 153,689 shares in the company, valued at approximately $6,158,318.23. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.70% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on NMIH shares. JPMorgan Chase & Co. increased their target price on shares of NMI from $42.00 to $46.00 and gave the company an “overweight” rating in a research note on Monday, October 7th. StockNews.com downgraded shares of NMI from a “buy” rating to a “hold” rating in a research report on Wednesday, August 21st. Royal Bank of Canada reduced 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. Truist Financial upped their price target on shares of NMI from $37.00 to $47.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Finally, Keefe, Bruyette & Woods upped their price target on shares of NMI from $37.00 to $40.00 and gave the company a “market perform” rating in a research report on Thursday, August 1st. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.29.

NMI Stock Up 2.4 %

NMI stock opened at $37.98 on Tuesday. The firm has a market cap of $3.03 billion, a PE ratio of 8.70, a P/E/G ratio of 0.84 and a beta of 1.13. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.67 and a current ratio of 0.83. The firm’s 50 day moving average price is $40.20 and its two-hundred day moving average price is $36.89. NMI Holdings, Inc. has a twelve month low of $27.00 and a twelve month high of $42.49.

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.