Creative Planning Increases Stock Position in NMI Holdings, Inc. (NASDAQ:NMIH)

Creative Planning grew its stake in shares of NMI Holdings, Inc. (NASDAQ:NMIH) by 13.4% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 20,006 shares of the financial services provider’s stock after buying an additional 2,357 shares during the quarter. Creative Planning’s holdings in NMI were worth $824,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in NMIH. GAMMA Investing LLC boosted its position in NMI by 57.2% during the 3rd quarter. GAMMA Investing LLC now owns 728 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 265 shares during the period. Hancock Whitney Corp boosted its position in NMI by 1.6% during the 1st quarter. Hancock Whitney Corp now owns 22,098 shares of the financial services provider’s stock worth $715,000 after purchasing an additional 346 shares during the period. Quarry LP boosted its position in 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. boosted its position in NMI by 1.8% during 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 period. Finally, Allspring Global Investments Holdings LLC boosted its position in NMI by 9.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 7,888 shares of the financial services provider’s stock worth $255,000 after purchasing an additional 666 shares during the period. 94.12% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at NMI

In related news, insider William J. Leatherberry sold 3,000 shares of the firm’s stock in a transaction 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 directly owns 153,689 shares in the company, valued at approximately $6,158,318.23. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 2.70% of the stock is currently owned by company insiders.

NMI Stock Down 4.9 %

NMIH stock opened at $36.79 on Friday. NMI Holdings, Inc. has a 12-month low of $26.92 and a 12-month high of $42.49. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.20. The company has a market cap of $2.93 billion, a price-to-earnings ratio of 8.72, a PEG ratio of 0.88 and a beta of 1.13. The company has a 50 day moving average of $40.47 and a two-hundred day moving average of $36.58.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Truist Financial upped their price target on shares of NMI from $37.00 to $47.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Royal Bank of Canada upgraded shares of NMI from a “sector perform” rating to an “outperform” rating and boosted their price objective for the stock from $40.00 to $48.00 in a report on Wednesday, September 18th. Barclays boosted their price objective on shares of NMI from $43.00 to $48.00 and gave the stock an “overweight” rating in a report on Tuesday, October 8th. Keefe, Bruyette & Woods boosted their price objective on shares of NMI from $37.00 to $40.00 and gave the stock a “market perform” rating in a report on Thursday, August 1st. Finally, JPMorgan Chase & Co. boosted their price objective on shares of NMI from $42.00 to $46.00 and gave the stock an “overweight” rating in a report on Monday, October 7th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $43.43.

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.