Point72 Hong Kong Ltd Makes New Investment in NMI Holdings, Inc. (NASDAQ:NMIH)

Point72 Hong Kong Ltd bought a new position in shares of NMI Holdings, Inc. (NASDAQ:NMIH) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 10,471 shares of the financial services provider’s stock, valued at approximately $431,000.

A number of other institutional investors also recently modified their holdings of the business. Opal Wealth Advisors LLC bought a new position in NMI during the second quarter worth about $29,000. Quarry LP grew 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 in the last quarter. GAMMA Investing LLC increased its holdings in shares of 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 purchasing an additional 265 shares during the period. USA Financial Formulas acquired a new stake in shares of NMI in the third quarter valued at approximately $57,000. Finally, Picton Mahoney Asset Management bought a new stake in shares of NMI in the second quarter valued at approximately $63,000. Institutional investors own 94.12% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on the company. JPMorgan Chase & Co. raised their price objective on NMI from $42.00 to $46.00 and gave the stock an “overweight” rating in a research note on Monday, October 7th. Barclays raised their price target on NMI from $43.00 to $48.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th. StockNews.com cut shares of NMI from a “buy” rating to a “hold” rating in a research report on Wednesday, August 21st. Finally, Royal Bank of Canada decreased 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. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $43.29.

NMI Price Performance

Shares of NMIH stock opened at $40.38 on Tuesday. The business has a fifty day simple moving average of $39.53 and a 200 day simple moving average of $37.58. The company has a market cap of $3.20 billion, a P/E ratio of 9.24, a P/E/G ratio of 0.98 and a beta of 1.13. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.19. NMI Holdings, Inc. has a twelve month low of $27.25 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.