Intech Investment Management LLC Has $1.44 Million Stock Holdings in NMI Holdings, Inc. (NASDAQ:NMIH)

Intech Investment Management LLC grew its stake in shares of NMI Holdings, Inc. (NASDAQ:NMIH) by 50.8% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 35,011 shares of the financial services provider’s stock after acquiring an additional 11,798 shares during the quarter. Intech Investment Management LLC’s holdings in NMI were worth $1,442,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Opal Wealth Advisors LLC bought a new stake in shares of NMI during the 2nd quarter valued at $29,000. Quarry LP lifted 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 valued at $29,000 after acquiring an additional 493 shares during the period. GAMMA Investing LLC lifted its position in shares of NMI by 57.2% during the 3rd quarter. GAMMA Investing LLC now owns 728 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 265 shares during the period. USA Financial Formulas bought a new stake in shares of NMI during the 3rd quarter valued at $57,000. Finally, Picton Mahoney Asset Management bought a new stake in shares of NMI during the 2nd quarter valued at $63,000. 94.12% of the stock is currently owned by institutional investors.

NMI Price Performance

Shares of NMIH opened at $40.00 on Tuesday. NMI Holdings, Inc. has a 12-month low of $27.00 and a 12-month high of $42.49. The business has a 50-day simple moving average of $39.69 and a two-hundred day simple moving average of $37.30. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.19. The stock has a market cap of $3.17 billion, a PE ratio of 9.15, a PEG ratio of 0.95 and a beta of 1.13.

Analyst Ratings Changes

NMIH has been the subject of a number of recent analyst reports. StockNews.com downgraded NMI from a “buy” rating to a “hold” rating in a research report on Wednesday, August 21st. Keefe, Bruyette & Woods boosted their price target on NMI from $37.00 to $40.00 and gave the stock a “market perform” rating in a report on Thursday, August 1st. JPMorgan Chase & Co. boosted their price target on NMI from $42.00 to $46.00 and gave the stock an “overweight” rating in a report on Monday, October 7th. Truist Financial boosted their price target on NMI from $37.00 to $47.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Finally, Royal Bank of Canada lowered their price target on NMI from $48.00 to $47.00 and set an “outperform” rating for the company in a report on Thursday, November 7th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price 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.