NMI Holdings, Inc. (NASDAQ:NMIH) Position Trimmed by Wellington Management Group LLP

Wellington Management Group LLP trimmed its holdings in shares of NMI Holdings, Inc. (NASDAQ:NMIH) by 69.0% during the third quarter, Holdings Channel reports. The firm owned 411,956 shares of the financial services provider’s stock after selling 914,881 shares during the quarter. Wellington Management Group LLP’s holdings in NMI were worth $16,968,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. GAMMA Investing LLC raised its stake 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 acquiring an additional 265 shares during the period. Quarry LP raised its position in shares of NMI by 135.1% during the 2nd quarter. Quarry LP now owns 858 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 493 shares during the period. Federated Hermes Inc. lifted its holdings in shares of NMI by 1.8% in the 2nd quarter. Federated Hermes Inc. now owns 33,570 shares of the financial services provider’s stock worth $1,143,000 after purchasing an additional 593 shares during the last quarter. Diversified Trust Co boosted its position in NMI by 2.9% during the 3rd quarter. Diversified Trust Co now owns 28,567 shares of the financial services provider’s stock valued at $1,177,000 after purchasing an additional 805 shares during the period. Finally, Profund Advisors LLC grew its stake in NMI by 11.9% during the 2nd quarter. Profund Advisors LLC now owns 7,775 shares of the financial services provider’s stock worth $265,000 after buying an additional 824 shares during the last quarter. 94.12% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on NMIH. 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 report on Tuesday, December 10th. JPMorgan Chase & Co. decreased their target price on shares of NMI from $46.00 to $41.00 and set an “overweight” rating for the company in a research report on Monday, December 9th. Royal Bank of Canada cut their price target on NMI from $48.00 to $47.00 and set an “outperform” rating on the stock in a report on Thursday, November 7th. Finally, Barclays increased their price objective on NMI from $43.00 to $48.00 and gave the stock an “overweight” rating in a report on Tuesday, October 8th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $43.14.

NMI Trading Down 0.7 %

NMI stock opened at $37.97 on Friday. NMI Holdings, Inc. has a 12-month low of $28.42 and a 12-month high of $42.49. The stock has a market capitalization of $3.00 billion, a PE ratio of 8.69, a price-to-earnings-growth ratio of 0.94 and a beta of 1.10. The firm has a 50 day simple moving average of $39.11 and a 200-day simple moving average of $37.90. 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 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.