Capstone Investment Advisors LLC Makes New Investment in NMI Holdings, Inc. (NASDAQ:NMIH)

Capstone Investment Advisors LLC bought a new stake in NMI Holdings, Inc. (NASDAQ:NMIH) in the third quarter, HoldingsChannel.com reports. The firm bought 5,379 shares of the financial services provider’s stock, valued at approximately $222,000.

Several other institutional investors and hedge funds have also modified their holdings of NMIH. Price T Rowe Associates Inc. MD grew its position in shares of NMI by 5.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 57,639 shares of the financial services provider’s stock worth $1,865,000 after purchasing an additional 3,057 shares in the last quarter. CWM LLC boosted its stake in shares of NMI by 92.7% in the second quarter. CWM LLC now owns 2,974 shares of the financial services provider’s stock valued at $101,000 after buying an additional 1,431 shares during the period. Opal Wealth Advisors LLC acquired a new stake in NMI during the second quarter worth approximately $29,000. Diversified Trust Co increased its stake in NMI by 6.7% during the 2nd quarter. Diversified Trust Co now owns 27,762 shares of the financial services provider’s stock worth $945,000 after acquiring an additional 1,733 shares during the period. Finally, Financial Strategies Group Inc. raised its holdings in NMI by 77.1% in the 2nd quarter. Financial Strategies Group Inc. now owns 11,516 shares of the financial services provider’s stock valued at $396,000 after acquiring an additional 5,013 shares in the last quarter. 94.12% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on NMIH. JPMorgan Chase & Co. increased their target price on NMI from $42.00 to $46.00 and gave the stock an “overweight” rating in a report on Monday, October 7th. Barclays increased their price objective on shares of NMI from $43.00 to $48.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 8th. Royal Bank of Canada dropped their target price on shares of NMI from $48.00 to $47.00 and set an “outperform” rating for the company in a research report on Thursday, November 7th. Finally, StockNews.com lowered shares of NMI from a “buy” rating to a “hold” rating in a research report on Wednesday, August 21st. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $43.29.

NMI Stock Down 0.1 %

NMIH stock opened at $39.99 on Friday. The firm has a 50-day moving average price of $39.55 and a 200-day moving average price of $37.50. NMI Holdings, Inc. has a 12 month low of $27.25 and a 12 month high of $42.49. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $3.16 billion, a P/E ratio of 9.15, a price-to-earnings-growth ratio of 0.98 and a beta of 1.13.

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.