XTX Topco Ltd Takes Position in NMI Holdings, Inc. (NASDAQ:NMIH)

XTX Topco Ltd purchased a new position in NMI Holdings, Inc. (NASDAQ:NMIH) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 13,798 shares of the financial services provider’s stock, valued at approximately $568,000.

A number of other large investors also recently bought and sold shares of the business. Quarry LP increased its holdings in shares of NMI by 135.1% in the 2nd quarter. Quarry LP now owns 858 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 493 shares in the last quarter. GAMMA Investing LLC raised its position in NMI by 57.2% in the 3rd quarter. GAMMA Investing LLC now owns 728 shares of the financial services provider’s stock worth $30,000 after buying an additional 265 shares during the last quarter. USA Financial Formulas bought a new position in NMI during the 3rd quarter valued at about $57,000. Picton Mahoney Asset Management purchased a new stake in shares of NMI during the 2nd quarter valued at about $63,000. Finally, CWM LLC raised its holdings in shares of NMI by 92.7% during the second quarter. CWM LLC now owns 2,974 shares of the financial services provider’s stock valued at $101,000 after purchasing an additional 1,431 shares during the last quarter. 94.12% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on NMIH. StockNews.com cut NMI from a “buy” rating to a “hold” rating in a report on Wednesday, August 21st. Barclays increased their price objective on shares of NMI from $43.00 to $48.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 8th. Royal Bank of Canada cut their target price on shares of NMI from $48.00 to $47.00 and set an “outperform” rating for the company in a research report on Thursday, November 7th. Keefe, Bruyette & Woods upped their price objective on NMI from $43.00 to $44.00 and gave the stock a “market perform” rating in a research note on Tuesday. Finally, JPMorgan Chase & Co. lowered their target price on NMI from $46.00 to $41.00 and set an “overweight” rating on the stock in a research report on Monday, December 9th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $43.14.

NMI Trading Down 0.7 %

NASDAQ:NMIH opened at $37.97 on Friday. The firm has a 50 day moving average of $39.17 and a 200 day moving average of $37.82. 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 52 week low of $28.42 and a 52 week high of $42.49. The stock has a market capitalization of $3.00 billion, a price-to-earnings ratio of 8.69, a PEG ratio of 0.94 and a beta of 1.10.

About NMI

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.