NMI Holdings, Inc. (NASDAQ:NMIH) Shares Sold by Stifel Financial Corp

Stifel Financial Corp cut its stake in shares of NMI Holdings, Inc. (NASDAQ:NMIH) by 5.0% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 13,967 shares of the financial services provider’s stock after selling 742 shares during the period. Stifel Financial Corp’s holdings in NMI were worth $575,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. GAMMA Investing LLC grew its stake in shares of NMI by 57.2% during the third 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 in the last quarter. Quarry LP grew its stake in NMI by 135.1% during the 2nd quarter. Quarry LP now owns 858 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 493 shares in the last quarter. USA Financial Formulas purchased a new stake in NMI during the 3rd quarter worth approximately $57,000. Picton Mahoney Asset Management acquired a new position in shares of NMI in the 2nd quarter valued at approximately $63,000. Finally, Farther Finance Advisors LLC boosted its stake in shares of NMI by 989.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 3,248 shares of the financial services provider’s stock valued at $134,000 after buying an additional 2,950 shares during the last quarter. Hedge funds and other institutional investors own 94.12% of the company’s stock.

Wall Street Analyst Weigh In

NMIH has been the topic of several recent analyst reports. Keefe, Bruyette & Woods upped their price target on shares of NMI from $43.00 to $44.00 and gave the company a “market perform” rating in a report on Tuesday, December 10th. Royal Bank of Canada cut their target price on shares of NMI from $48.00 to $47.00 and set an “outperform” rating on the stock in a research note on Thursday, November 7th. JPMorgan Chase & Co. decreased their price target on NMI from $46.00 to $41.00 and set an “overweight” rating for the company in a research note on Monday, December 9th. Finally, Barclays boosted their price objective on NMI from $43.00 to $48.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $43.14.

NMI Stock Performance

Shares of NASDAQ NMIH opened at $37.26 on Friday. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.19. The firm’s 50-day moving average price is $38.46 and its two-hundred day moving average price is $38.12. NMI Holdings, Inc. has a 52-week low of $28.67 and a 52-week high of $42.49. The stock has a market capitalization of $2.95 billion, a P/E ratio of 8.53, a P/E/G ratio of 0.92 and a beta of 1.10.

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.