Franklin Resources Inc. Increases Stock Position in NMI Holdings, Inc. (NASDAQ:NMIH)

Franklin Resources Inc. boosted its position in NMI Holdings, Inc. (NASDAQ:NMIH) by 1.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 98,150 shares of the financial services provider’s stock after acquiring an additional 1,442 shares during the period. Franklin Resources Inc. owned 0.12% of NMI worth $4,024,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of NMIH. Tidal Investments LLC boosted its holdings in shares of NMI by 92.9% during the third quarter. Tidal Investments LLC now owns 38,069 shares of the financial services provider’s stock worth $1,568,000 after purchasing an additional 18,333 shares during the period. World Investment Advisors LLC purchased a new stake in NMI in the third quarter worth $1,059,000. Sanctuary Advisors LLC boosted its stake in shares of NMI by 6.0% during the 3rd quarter. Sanctuary Advisors LLC now owns 54,594 shares of the financial services provider’s stock valued at $2,114,000 after purchasing an additional 3,066 shares in the last quarter. Virtu Financial LLC bought a new stake in shares of NMI during the third quarter valued at approximately $380,000. Finally, Hohimer Wealth Management LLC bought a new stake in shares of NMI during the 3rd quarter valued at $236,000. Hedge funds and other institutional investors own 94.12% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on NMIH shares. Barclays increased their price target 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 lowered their target price on shares of NMI from $48.00 to $47.00 and set an “outperform” rating for the company in a report on Thursday, November 7th. Keefe, Bruyette & Woods upped their price target on NMI from $43.00 to $44.00 and gave the stock a “market perform” rating in a research note on Tuesday, December 10th. Finally, JPMorgan Chase & Co. reduced their price objective on NMI from $46.00 to $41.00 and set an “overweight” rating for the company in a research report on Monday, December 9th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, NMI currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.14.

NMI Price Performance

Shares of NASDAQ NMIH opened at $36.99 on Wednesday. The company has a 50 day moving average of $38.64 and a 200 day moving average of $38.10. 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 $28.67 and a twelve month high of $42.49. The firm has a market cap of $2.93 billion, a P/E ratio of 8.46, a PEG ratio of 0.92 and a beta of 1.10.

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.