NMI Holdings, Inc. (NASDAQ:NMIH) Stock Holdings Cut by Natixis Advisors LLC

Natixis Advisors LLC lessened its position in NMI Holdings, Inc. (NASDAQ:NMIH) by 1.3% during the third quarter, Holdings Channel reports. The institutional investor owned 33,157 shares of the financial services provider’s stock after selling 443 shares during the quarter. Natixis Advisors LLC’s holdings in NMI were worth $1,366,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Opal Wealth Advisors LLC acquired a new stake in NMI in the 2nd quarter valued at about $29,000. Quarry LP lifted its stake in NMI by 135.1% during the second quarter. Quarry LP now owns 858 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 493 shares during the last quarter. GAMMA Investing LLC boosted its holdings in NMI by 57.2% during the third quarter. GAMMA Investing LLC now owns 728 shares of the financial services provider’s stock worth $30,000 after buying an additional 265 shares in the last quarter. USA Financial Formulas acquired a new position in NMI in the third quarter worth approximately $57,000. Finally, Picton Mahoney Asset Management bought a new position in shares of NMI in the second quarter valued at $63,000. Institutional investors and hedge funds own 94.12% of the company’s stock.

NMI Price Performance

NMI stock opened at $40.00 on Wednesday. NMI Holdings, Inc. has a twelve month low of $27.00 and a twelve month high of $42.49. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.83 and a current ratio of 0.83. The firm has a market cap of $3.17 billion, a PE ratio of 9.15, a P/E/G ratio of 0.95 and a beta of 1.13. The firm’s 50 day moving average price is $39.65 and its two-hundred day moving average price is $37.35.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Keefe, Bruyette & Woods boosted their target price on NMI from $37.00 to $40.00 and gave the stock a “market perform” rating in a research report on Thursday, August 1st. Truist Financial upped their price objective on shares of NMI from $37.00 to $47.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. JPMorgan Chase & Co. upped their price target on shares of NMI from $42.00 to $46.00 and gave the company an “overweight” rating in a research report on Monday, October 7th. Barclays lifted their price objective on shares of NMI from $43.00 to $48.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th. Finally, StockNews.com lowered NMI from a “buy” rating to a “hold” rating in a report on Wednesday, August 21st. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $43.29.

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.