Swiss National Bank Has $6.14 Million Stock Holdings in NMI Holdings, Inc. (NASDAQ:NMIH)

Swiss National Bank decreased its holdings in shares of NMI Holdings, Inc. (NASDAQ:NMIH) by 1.1% in the 3rd quarter, Holdings Channel.com reports. The firm owned 148,974 shares of the financial services provider’s stock after selling 1,600 shares during the quarter. Swiss National Bank’s holdings in NMI were worth $6,136,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Leeward Investments LLC MA boosted its position in shares of NMI by 5.6% in the second quarter. Leeward Investments LLC MA now owns 306,985 shares of the financial services provider’s stock valued at $10,450,000 after acquiring an additional 16,295 shares during the period. Edgestream Partners L.P. boosted its holdings in NMI by 13.1% in the 2nd quarter. Edgestream Partners L.P. now owns 172,794 shares of the financial services provider’s stock valued at $5,882,000 after purchasing an additional 20,048 shares during the period. Panagora Asset Management Inc. boosted its holdings in NMI by 5.8% in the 2nd quarter. Panagora Asset Management Inc. now owns 526,287 shares of the financial services provider’s stock valued at $17,915,000 after purchasing an additional 29,040 shares during the period. Vanguard Group Inc. grew its position in NMI by 5.3% in 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. Finally, Assenagon Asset Management S.A. raised its position 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 valued at $80,009,000 after buying an additional 534,818 shares during the last quarter. Institutional investors and hedge funds own 94.12% of the company’s stock.

NMI Price Performance

Shares of NMIH stock opened at $40.00 on Wednesday. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.83 and a quick ratio of 0.83. The stock’s fifty day simple moving average is $39.65 and its 200 day simple moving average is $37.35. NMI Holdings, Inc. has a one year low of $27.00 and a one year high of $42.49. The firm has a market cap of $3.17 billion, a price-to-earnings ratio of 9.15, a P/E/G ratio of 0.95 and a beta of 1.13.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on NMIH shares. Truist Financial lifted their target price on NMI from $37.00 to $47.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. StockNews.com lowered NMI from a “buy” rating to a “hold” rating in a report on Wednesday, August 21st. Barclays upped their target price on NMI from $43.00 to $48.00 and gave the company an “overweight” rating in a research note on Tuesday, October 8th. JPMorgan Chase & Co. lifted their price target on shares of NMI from $42.00 to $46.00 and gave the stock an “overweight” rating in a research note on Monday, October 7th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of NMI from $37.00 to $40.00 and gave the company a “market perform” rating in a report on Thursday, August 1st. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company presently 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.