Los Angeles Capital Management LLC Has $2.59 Million Stake in NMI Holdings, Inc. (NASDAQ:NMIH)

Los Angeles Capital Management LLC grew its stake in NMI Holdings, Inc. (NASDAQ:NMIH) by 1.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 62,936 shares of the financial services provider’s stock after buying an additional 957 shares during the period. Los Angeles Capital Management LLC owned approximately 0.08% of NMI worth $2,592,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in NMIH. Opal Wealth Advisors LLC bought a new stake in NMI during the second quarter worth approximately $29,000. 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. GAMMA Investing LLC grew its stake in NMI by 57.2% in the 3rd quarter. GAMMA Investing LLC now owns 728 shares of the financial services provider’s stock valued at $30,000 after buying an additional 265 shares during the last quarter. USA Financial Formulas acquired a new position in NMI during the 3rd quarter worth $57,000. Finally, Picton Mahoney Asset Management bought a new stake in NMI during the second quarter valued at about $63,000. Institutional investors own 94.12% of the company’s stock.

Insider Transactions at NMI

In related news, insider William J. Leatherberry sold 3,000 shares of the business’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $40.07, for a total value of $120,210.00. Following the sale, the insider now owns 153,689 shares of the company’s stock, valued at $6,158,318.23. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.70% of the stock is currently owned by insiders.

NMI Stock Performance

NASDAQ:NMIH opened at $38.53 on Wednesday. The firm has a market capitalization of $3.07 billion, a PE ratio of 8.82, a price-to-earnings-growth ratio of 0.84 and a beta of 1.13. The company has a quick ratio of 0.67, a current ratio of 0.83 and a debt-to-equity ratio of 0.19. NMI Holdings, Inc. has a 12-month low of $27.00 and a 12-month high of $42.49. The firm has a 50-day moving average price of $40.14 and a 200 day moving average price of $36.94.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on NMIH shares. Truist Financial boosted their price objective on NMI from $37.00 to $47.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Royal Bank of Canada lowered their price objective on shares of NMI from $48.00 to $47.00 and set an “outperform” rating on the stock in a research note on Thursday, November 7th. StockNews.com cut shares of NMI from a “buy” rating to a “hold” rating in a research note on Wednesday, August 21st. Keefe, Bruyette & Woods raised their price target on shares of NMI from $37.00 to $40.00 and gave the stock a “market perform” rating in a research report on Thursday, August 1st. Finally, JPMorgan Chase & Co. upped their price objective on shares of NMI from $42.00 to $46.00 and gave the company an “overweight” rating in a research report on Monday, October 7th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $43.29.

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.