Martingale Asset Management L P Invests $914,000 in NMI Holdings, Inc. (NASDAQ:NMIH)

Martingale Asset Management L P acquired a new position in NMI Holdings, Inc. (NASDAQ:NMIHGet Rating) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 54,879 shares of the financial services provider’s stock, valued at approximately $914,000. Martingale Asset Management L P owned about 0.06% of NMI as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of NMIH. TD Asset Management Inc. raised its position in NMI by 23.8% during the first quarter. TD Asset Management Inc. now owns 660,185 shares of the financial services provider’s stock valued at $13,613,000 after acquiring an additional 126,841 shares in the last quarter. Denali Advisors LLC purchased a new position in NMI during the second quarter valued at approximately $30,000. Healthcare of Ontario Pension Plan Trust Fund raised its position in NMI by 8,481.4% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 246,800 shares of the financial services provider’s stock valued at $5,089,000 after acquiring an additional 243,924 shares in the last quarter. Teacher Retirement System of Texas raised its position in NMI by 7.1% during the first quarter. Teacher Retirement System of Texas now owns 16,868 shares of the financial services provider’s stock valued at $348,000 after acquiring an additional 1,125 shares in the last quarter. Finally, Duality Advisers LP raised its position in NMI by 174.6% during the second quarter. Duality Advisers LP now owns 81,754 shares of the financial services provider’s stock valued at $1,361,000 after acquiring an additional 51,978 shares in the last quarter. 96.93% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on NMIH shares. Citigroup lifted their price target on NMI from $24.00 to $26.00 and gave the company a “buy” rating in a research report on Thursday, November 3rd. BTIG Research dropped their price objective on NMI from $28.00 to $24.00 and set a “buy” rating on the stock in a report on Thursday, October 20th. StockNews.com started coverage on NMI in a report on Wednesday, October 12th. They issued a “buy” rating on the stock. Credit Suisse Group dropped their price objective on NMI to $28.00 in a report on Thursday, October 13th. Finally, TheStreet raised NMI from a “c+” rating to a “b-” rating in a report on Monday, August 29th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, NMI presently has an average rating of “Moderate Buy” and a consensus target price of $27.43.

NMI Stock Performance

Shares of NASDAQ:NMIH opened at $20.68 on Monday. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.75 and a quick ratio of 0.75. The business’s 50 day moving average price is $21.08 and its 200-day moving average price is $19.55. The firm has a market capitalization of $1.73 billion, a PE ratio of 6.42 and a beta of 1.34. NMI Holdings, Inc. has a 1 year low of $15.33 and a 1 year high of $27.25.

Insider Transactions at NMI

In other news, Director Michael Curry Montgomery sold 19,630 shares of NMI stock in a transaction that occurred on Friday, September 9th. The stock was sold at an average price of $20.30, for a total value of $398,489.00. Following the sale, the director now directly owns 58,607 shares of the company’s stock, valued at $1,189,722.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.50% of the company’s stock.

NMI Profile

(Get Rating)

NMI Holdings, Inc provides private mortgage guaranty insurance services in the United States. The company offers mortgage insurance services; 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.

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Institutional Ownership by Quarter for NMI (NASDAQ:NMIH)

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