Paloma Partners Management Co Takes Position in NMI Holdings, Inc. (NASDAQ:NMIH)

Paloma Partners Management Co purchased a new position in NMI Holdings, Inc. (NASDAQ:NMIH) during the third quarter, Holdings Channel reports. The fund purchased 7,400 shares of the financial services provider’s stock, valued at approximately $305,000.

Several other institutional investors also recently added to or reduced their stakes in the stock. Point72 Asia Singapore Pte. Ltd. boosted its stake in NMI by 21.3% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,810 shares of the financial services provider’s stock valued at $198,000 after acquiring an additional 846 shares during the last quarter. Point72 Hong Kong Ltd purchased a new stake in shares of NMI during the 3rd quarter worth approximately $431,000. Erste Asset Management GmbH bought a new stake in shares of NMI in the 3rd quarter worth approximately $542,000. Verition Fund Management LLC lifted its stake in NMI by 135.8% in the third quarter. Verition Fund Management LLC now owns 44,148 shares of the financial services provider’s stock valued at $1,818,000 after purchasing an additional 25,425 shares during the last quarter. Finally, Capstone Investment Advisors LLC bought a new position in NMI during the third quarter valued at $222,000. Institutional investors own 94.12% of the company’s stock.

NMI Trading Up 0.7 %

Shares of NMIH opened at $39.42 on Friday. The business’s 50-day moving average price is $39.45 and its 200-day moving average price is $37.64. 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 $27.25 and a twelve month high of $42.49. The stock has a market cap of $3.12 billion, a PE ratio of 9.02, a P/E/G ratio of 0.98 and a beta of 1.10.

Analysts Set New Price Targets

Several brokerages have issued reports on NMIH. JPMorgan Chase & Co. boosted their target price on NMI from $42.00 to $46.00 and gave the company an “overweight” rating in a research note on Monday, October 7th. Barclays upped 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. Royal Bank of Canada reduced their target price on shares of NMI from $48.00 to $47.00 and set an “outperform” rating for the company in a research note on Thursday, November 7th. Finally, StockNews.com cut shares of NMI from a “buy” rating to a “hold” rating in a research note on Wednesday, August 21st. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus 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.