Diversified Trust Co Acquires 3,373 Shares of NMI Holdings, Inc. (NASDAQ:NMIH)

Diversified Trust Co grew its position in shares of NMI Holdings, Inc. (NASDAQ:NMIH) by 11.8% in the fourth quarter, HoldingsChannel reports. The fund owned 31,940 shares of the financial services provider’s stock after acquiring an additional 3,373 shares during the period. Diversified Trust Co’s holdings in NMI were worth $1,174,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NMIH. GAMMA Investing LLC increased its stake in shares of NMI by 57.2% during the 3rd 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 boosted its holdings in shares of 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 period. Federated Hermes Inc. grew its stake in NMI by 1.8% in the 2nd quarter. Federated Hermes Inc. now owns 33,570 shares of the financial services provider’s stock valued at $1,143,000 after buying an additional 593 shares during the last quarter. Profund Advisors LLC raised its holdings in NMI by 11.9% in the 2nd quarter. Profund Advisors LLC now owns 7,775 shares of the financial services provider’s stock valued at $265,000 after acquiring an additional 824 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. lifted its position in NMI by 21.3% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,810 shares of the financial services provider’s stock worth $198,000 after acquiring an additional 846 shares during the last quarter. 94.12% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on NMIH shares. Barclays downgraded NMI from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $48.00 to $41.00 in a research note on Monday. JPMorgan Chase & Co. cut their price objective on shares of NMI from $46.00 to $41.00 and set an “overweight” rating for the company in a report on Monday, December 9th. Royal Bank of Canada lowered their target price on shares of NMI from $48.00 to $47.00 and set an “outperform” rating on the stock in a report on Thursday, November 7th. Finally, Keefe, Bruyette & Woods cut their price target on NMI from $44.00 to $43.00 and set a “market perform” rating for the company in a research note on Wednesday. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $42.00.

NMI Stock Down 0.4 %

Shares of NASDAQ NMIH opened at $35.68 on Thursday. The stock has a 50-day moving average price of $37.93 and a two-hundred day moving average price of $38.42. The company has a market cap of $2.82 billion, a price-to-earnings ratio of 8.16, a PEG ratio of 0.92 and a beta of 1.12. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.19. NMI Holdings, Inc. has a 12 month low of $28.67 and a 12 month high of $42.49.

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.