Verition Fund Management LLC Acquires 25,425 Shares of NMI Holdings, Inc. (NASDAQ:NMIH)

Verition Fund Management LLC lifted its position in shares of NMI Holdings, Inc. (NASDAQ:NMIH) by 135.8% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 44,148 shares of the financial services provider’s stock after purchasing an additional 25,425 shares during the quarter. Verition Fund Management LLC’s holdings in NMI were worth $1,818,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Opal Wealth Advisors LLC bought a new position in shares of NMI in the second quarter valued at $29,000. Quarry LP boosted its position in NMI by 135.1% in the second quarter. Quarry LP now owns 858 shares of the financial services provider’s stock valued at $29,000 after buying an additional 493 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of NMI by 57.2% in the 3rd quarter. GAMMA Investing LLC now owns 728 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 265 shares during the last quarter. USA Financial Formulas bought a new position in shares of NMI in the 3rd quarter valued at $57,000. Finally, Picton Mahoney Asset Management acquired a new stake in shares of NMI during the 2nd quarter valued at $63,000. 94.12% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

NMI Trading Up 0.7 %

NMIH opened at $39.42 on Friday. The firm has a market capitalization of $3.12 billion, a PE ratio of 9.02, a P/E/G ratio of 0.98 and a beta of 1.10. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.83 and a quick ratio of 0.83. NMI Holdings, Inc. has a fifty-two week low of $27.25 and a fifty-two week high of $42.49. The company’s 50-day moving average is $39.45 and its 200 day moving average is $37.64.

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.