Daiwa Securities Group Inc. Acquires 4,800 Shares of NMI Holdings, Inc. (NASDAQ:NMIH)

Daiwa Securities Group Inc. grew its holdings in NMI Holdings, Inc. (NASDAQ:NMIH) by 77.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,000 shares of the financial services provider’s stock after acquiring an additional 4,800 shares during the quarter. Daiwa Securities Group Inc.’s holdings in NMI were worth $453,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. Van Berkom & Associates Inc. raised its holdings in 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. increased 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 worth $80,009,000 after acquiring an additional 534,818 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of NMI by 18.4% during the second quarter. American Century Companies Inc. now owns 1,617,601 shares of the financial services provider’s stock worth $55,063,000 after acquiring an additional 251,664 shares during the period. Charles Schwab Investment Management Inc. lifted its position in NMI by 2.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,064,081 shares of the financial services provider’s stock valued at $43,829,000 after acquiring an additional 22,756 shares in the last quarter. Finally, Millennium Management LLC boosted its stake in NMI by 34.8% in the 2nd quarter. Millennium Management LLC now owns 1,020,415 shares of the financial services provider’s stock worth $34,735,000 after purchasing an additional 263,478 shares during the period. Institutional investors and hedge funds own 94.12% of the company’s stock.

NMI Price Performance

Shares of NMIH opened at $39.99 on Friday. 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 company’s fifty day simple moving average is $39.55 and its 200 day simple moving average is $37.50. NMI Holdings, Inc. has a 1-year low of $27.25 and a 1-year high of $42.49. The company has a market cap of $3.16 billion, a price-to-earnings ratio of 9.15, a PEG ratio of 0.98 and a beta of 1.13.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on NMIH shares. Royal Bank of Canada cut their price target on NMI from $48.00 to $47.00 and set an “outperform” rating on the stock in a report on Thursday, November 7th. JPMorgan Chase & Co. upped their price target on NMI from $42.00 to $46.00 and gave the stock an “overweight” rating in a research report on Monday, October 7th. Barclays lifted their price objective on shares of NMI from $43.00 to $48.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. Finally, StockNews.com cut shares of NMI from a “buy” rating to a “hold” rating in a report on Wednesday, August 21st. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, NMI currently has an average rating of “Moderate Buy” and an average target price 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.