Wedge Capital Management L L P NC Purchases 10,203 Shares of NMI Holdings, Inc. (NASDAQ:NMIH)

Wedge Capital Management L L P NC lifted its position in shares of NMI Holdings, Inc. (NASDAQ:NMIH) by 6.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 168,816 shares of the financial services provider’s stock after purchasing an additional 10,203 shares during the period. Wedge Capital Management L L P NC owned 0.21% of NMI worth $6,206,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Tealwood Asset Management Inc. lifted its position in shares of NMI by 1.2% during the 4th quarter. Tealwood Asset Management Inc. now owns 32,192 shares of the financial services provider’s stock worth $1,183,000 after buying an additional 376 shares in the last quarter. Legend Financial Advisors Inc. boosted its position in NMI by 6.3% in the fourth quarter. Legend Financial Advisors Inc. now owns 18,684 shares of the financial services provider’s stock worth $687,000 after purchasing an additional 1,108 shares during the last quarter. Diversified Trust Co grew its stake in NMI by 11.8% in the 4th quarter. Diversified Trust Co now owns 31,940 shares of the financial services provider’s stock valued at $1,174,000 after purchasing an additional 3,373 shares during the period. CWA Asset Management Group LLC grew its stake in NMI by 25.7% in the 4th quarter. CWA Asset Management Group LLC now owns 25,026 shares of the financial services provider’s stock valued at $920,000 after purchasing an additional 5,118 shares during the period. Finally, JPMorgan Chase & Co. increased its position in shares of NMI by 3.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 775,804 shares of the financial services provider’s stock valued at $31,955,000 after purchasing an additional 24,838 shares during the last quarter. 94.12% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

NMIH has been the subject of several research reports. JPMorgan Chase & Co. reduced their price target on shares of NMI from $46.00 to $41.00 and set an “overweight” rating for the company in a research report on Monday, December 9th. Barclays downgraded shares of NMI from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $48.00 to $41.00 in a research report on Monday, January 6th. Keefe, Bruyette & Woods lowered their price target on shares of NMI from $44.00 to $43.00 and set a “market perform” rating on the stock in a report on Wednesday, January 8th. Finally, Royal Bank of Canada reduced their price objective on NMI from $48.00 to $47.00 and set an “outperform” rating for the company in a report on Thursday, November 7th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $42.00.

NMI Trading Up 0.6 %

Shares of NMIH stock opened at $37.72 on Friday. The stock has a market capitalization of $2.98 billion, a price-to-earnings ratio of 8.63, a PEG ratio of 0.82 and a beta of 1.12. The company’s fifty day simple moving average is $37.66 and its two-hundred day simple moving average is $38.53. NMI Holdings, Inc. has a 1 year low of $28.73 and a 1 year high of $42.49. 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 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.