NMI Holdings, Inc. (NASDAQ:NMIH) Shares Purchased by CWA Asset Management Group LLC

CWA Asset Management Group LLC grew its stake in shares of NMI Holdings, Inc. (NASDAQ:NMIH) by 25.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,026 shares of the financial services provider’s stock after acquiring an additional 5,118 shares during the period. CWA Asset Management Group LLC’s holdings in NMI were worth $920,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its position 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 worth $30,000 after purchasing an additional 265 shares during the last quarter. Quarry LP lifted its holdings in NMI by 135.1% during the 2nd quarter. Quarry LP now owns 858 shares of the financial services provider’s stock worth $29,000 after buying an additional 493 shares during the last quarter. USA Financial Formulas acquired a new position in shares of NMI in the 3rd quarter worth approximately $57,000. Farther Finance Advisors LLC increased its holdings in shares of NMI by 989.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 3,248 shares of the financial services provider’s stock valued at $134,000 after acquiring an additional 2,950 shares during the last quarter. Finally, CWM LLC raised its position in shares of NMI by 32.3% during the 3rd quarter. CWM LLC now owns 3,936 shares of the financial services provider’s stock valued at $162,000 after acquiring an additional 962 shares in the last quarter. 94.12% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NMIH has been the subject of a number of research reports. Keefe, Bruyette & Woods lifted their price objective on shares of NMI from $43.00 to $44.00 and gave the stock a “market perform” rating in a report on Tuesday, December 10th. Royal Bank of Canada decreased their price target 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. Barclays lowered shares of NMI from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $48.00 to $41.00 in a research note on Monday. Finally, JPMorgan Chase & Co. decreased their target price on NMI from $46.00 to $41.00 and set an “overweight” rating for the company in a research note on Monday, December 9th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $42.14.

NMI Trading Up 0.5 %

NMI stock opened at $35.81 on Wednesday. The firm has a 50-day moving average price of $37.99 and a two-hundred day moving average price of $38.40. NMI Holdings, Inc. has a 52-week low of $28.67 and a 52-week high of $42.49. The firm has a market capitalization of $2.83 billion, a price-to-earnings ratio of 8.19, a PEG ratio of 0.92 and a beta of 1.12. 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 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.