NMI Holdings, Inc. (NASDAQ:NMIH) Shares Acquired by State Street Corp

State Street Corp increased its position in NMI Holdings, Inc. (NASDAQ:NMIH) by 1.0% in the third quarter, Holdings Channel reports. The firm owned 3,565,348 shares of the financial services provider’s stock after purchasing an additional 35,351 shares during the quarter. State Street Corp’s holdings in NMI were worth $146,857,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Algert Global LLC grew its stake in NMI by 88.9% in the third quarter. Algert Global LLC now owns 142,141 shares of the financial services provider’s stock worth $5,855,000 after purchasing an additional 66,880 shares in the last quarter. Leeward Investments LLC MA grew its stake in NMI by 5.6% in the second quarter. Leeward Investments LLC MA now owns 306,985 shares of the financial services provider’s stock worth $10,450,000 after purchasing an additional 16,295 shares in the last quarter. Edgestream Partners L.P. grew its stake in NMI by 13.1% in the second quarter. Edgestream Partners L.P. now owns 172,794 shares of the financial services provider’s stock worth $5,882,000 after purchasing an additional 20,048 shares in the last quarter. Panagora Asset Management Inc. grew its stake in NMI by 5.8% in the second quarter. Panagora Asset Management Inc. now owns 526,287 shares of the financial services provider’s stock worth $17,915,000 after purchasing an additional 29,040 shares in the last quarter. Finally, Citigroup Inc. grew its stake in NMI by 95.4% in the third quarter. Citigroup Inc. now owns 129,180 shares of the financial services provider’s stock worth $5,321,000 after purchasing an additional 63,058 shares in the last quarter. 94.12% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on NMIH. Royal Bank of Canada cut their target price on shares of NMI from $48.00 to $47.00 and set an “outperform” rating on the stock in a report on Thursday, November 7th. Keefe, Bruyette & Woods raised their target price on shares of NMI from $43.00 to $44.00 and gave the stock a “market perform” rating in a report on Tuesday. Barclays raised their target price on shares of NMI from $43.00 to $48.00 and gave the stock an “overweight” rating in a report on Tuesday, October 8th. StockNews.com cut shares of NMI from a “buy” rating to a “hold” rating in a report on Wednesday, August 21st. Finally, JPMorgan Chase & Co. cut their target price on shares of NMI from $46.00 to $41.00 and set an “overweight” rating on the stock in a report on Monday, December 9th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $43.14.

NMI Stock Performance

NMIH opened at $37.97 on Friday. The business’s 50 day moving average is $39.17 and its 200-day moving average is $37.82. The stock has a market cap 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 company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.19. NMI Holdings, Inc. has a twelve month low of $28.42 and a twelve month high of $42.49.

About NMI

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.