Edgestream Partners L.P. Lowers Stock Position in NMI Holdings, Inc. (NASDAQ:NMIH)

Edgestream Partners L.P. cut its holdings in shares of NMI Holdings, Inc. (NASDAQ:NMIH) by 56.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 74,456 shares of the financial services provider’s stock after selling 98,338 shares during the period. Edgestream Partners L.P. owned 0.09% of NMI worth $3,067,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Van Berkom & Associates Inc. grew its position in shares of NMI by 2.1% during the second quarter. Van Berkom & Associates Inc. now owns 2,451,743 shares of the financial services provider’s stock worth $83,457,000 after acquiring an additional 51,194 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings 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 purchasing an additional 534,818 shares during the period. American Century Companies Inc. lifted 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 purchasing an additional 251,664 shares during the period. FMR LLC lifted its holdings in shares of NMI by 7.6% during the third quarter. FMR LLC now owns 1,517,092 shares of the financial services provider’s stock worth $62,489,000 after purchasing an additional 107,771 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of NMI by 2.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,064,081 shares of the financial services provider’s stock worth $43,829,000 after purchasing an additional 22,756 shares during the period. 94.12% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on NMIH shares. StockNews.com downgraded NMI from a “buy” rating to a “hold” rating in a report on Wednesday, August 21st. JPMorgan Chase & Co. increased their price target 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 target on NMI from $43.00 to $48.00 and gave the stock an “overweight” rating in a report on Tuesday, October 8th. Finally, Royal Bank of Canada decreased their price target on NMI from $48.00 to $47.00 and set an “outperform” rating for the company in a report on Thursday, November 7th. Three equities research 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 a consensus rating of “Moderate Buy” and a consensus price target of $43.29.

NMI Price Performance

NMI stock opened at $39.99 on Monday. NMI Holdings, Inc. has a one year low of $27.25 and a one year high of $42.49. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.83 and a current ratio of 0.83. The business has a fifty day moving average of $39.55 and a two-hundred day moving average of $37.53. The company has a market cap 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 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.