Barclays PLC Acquires 280,809 Shares of NMI Holdings, Inc. (NASDAQ:NMIH)

Barclays PLC grew its holdings in shares of NMI Holdings, Inc. (NASDAQ:NMIH) by 264.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 386,999 shares of the financial services provider’s stock after acquiring an additional 280,809 shares during the period. Barclays PLC’s holdings in NMI were worth $15,940,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Quarry LP raised its stake 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 acquiring an additional 493 shares during the period. GAMMA Investing LLC increased its stake in shares of NMI by 57.2% in 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 in the last quarter. USA Financial Formulas bought a new stake in shares of NMI during the 3rd quarter valued at $57,000. Picton Mahoney Asset Management purchased a new position in shares of NMI during the 2nd quarter valued at $63,000. Finally, CWM LLC lifted its stake in shares of NMI by 92.7% during the 2nd quarter. CWM LLC now owns 2,974 shares of the financial services provider’s stock valued at $101,000 after buying an additional 1,431 shares in the last quarter. 94.12% of the stock is currently owned by hedge funds and other institutional investors.

NMI Stock Performance

NASDAQ NMIH opened at $37.97 on Monday. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.83 and a quick ratio of 0.83. NMI Holdings, Inc. has a 1-year low of $28.42 and a 1-year high of $42.49. The business has a 50 day simple moving average of $39.11 and a two-hundred day simple moving average of $37.94. The stock has a market capitalization of $3.00 billion, a PE ratio of 8.69, a P/E/G ratio of 0.94 and a beta of 1.10.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on NMIH. Barclays increased their price target on NMI from $43.00 to $48.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 8th. StockNews.com downgraded NMI from a “buy” rating to a “hold” rating in a research note on Wednesday, August 21st. JPMorgan Chase & Co. dropped 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. Royal Bank of Canada cut their price objective 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. Finally, Keefe, Bruyette & Woods boosted their target price 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. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $43.14.

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.