Versor Investments LP Takes $861,000 Position in NMI Holdings, Inc. (NASDAQ:NMIH)

Versor Investments LP purchased a new stake in shares of NMI Holdings, Inc. (NASDAQ:NMIH) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 20,911 shares of the financial services provider’s stock, valued at approximately $861,000.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in NMI by 5.3% during the 1st quarter. Vanguard Group Inc. now owns 7,168,138 shares of the financial services provider’s stock worth $231,818,000 after purchasing an additional 358,930 shares during the last quarter. Van Berkom & Associates Inc. grew its position in shares of NMI by 2.1% during the 2nd quarter. Van Berkom & Associates Inc. now owns 2,451,743 shares of the financial services provider’s stock worth $83,457,000 after buying an additional 51,194 shares during the period. Assenagon Asset Management S.A. raised its stake in shares of NMI by 38.0% during the third quarter. Assenagon Asset Management S.A. now owns 1,942,428 shares of the financial services provider’s stock worth $80,009,000 after buying an additional 534,818 shares during the last quarter. American Century Companies Inc. lifted its holdings in NMI by 18.4% in the second quarter. American Century Companies Inc. now owns 1,617,601 shares of the financial services provider’s stock valued at $55,063,000 after buying an additional 251,664 shares during the period. Finally, Millennium Management LLC boosted its stake in NMI by 34.8% in the second quarter. Millennium Management LLC now owns 1,020,415 shares of the financial services provider’s stock valued at $34,735,000 after acquiring an additional 263,478 shares during the last quarter. Institutional investors own 94.12% of the company’s stock.

NMI Trading Up 1.4 %

Shares of NASDAQ:NMIH opened at $38.53 on Wednesday. The firm has a market cap of $3.07 billion, a price-to-earnings ratio of 8.82, a PEG ratio of 0.84 and a beta of 1.13. NMI Holdings, Inc. has a 12 month low of $27.00 and a 12 month high of $42.49. The company’s fifty day simple moving average is $40.14 and its 200 day simple moving average is $36.94. The company has a quick ratio of 0.67, a current ratio of 0.83 and a debt-to-equity ratio of 0.19.

Insider Buying and Selling at NMI

In other news, insider William J. Leatherberry sold 3,000 shares of the company’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $40.07, for a total transaction of $120,210.00. Following the completion of the transaction, the insider now directly owns 153,689 shares of the company’s stock, valued at $6,158,318.23. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.70% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on the stock. JPMorgan Chase & Co. upped their target price on shares of NMI from $42.00 to $46.00 and gave the company an “overweight” rating in a research report on Monday, October 7th. Royal Bank of Canada cut their target price on NMI from $48.00 to $47.00 and set an “outperform” rating on the stock in a research note on Thursday, November 7th. StockNews.com downgraded shares of NMI from a “buy” rating to a “hold” rating in a research report on Wednesday, August 21st. Truist Financial boosted their price objective on shares of NMI from $37.00 to $47.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Finally, Keefe, Bruyette & Woods lifted their price target on shares of NMI from $37.00 to $40.00 and gave the stock a “market perform” rating in a research report on Thursday, August 1st. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, NMI currently has an average rating of “Moderate Buy” and a consensus price target of $43.29.

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.