Legend Financial Advisors Inc. Buys 1,108 Shares of NMI Holdings, Inc. (NASDAQ:NMIH)

Legend Financial Advisors Inc. raised its stake in shares of NMI Holdings, Inc. (NASDAQ:NMIH) by 6.3% in the fourth quarter, Holdings Channel reports. The fund owned 18,684 shares of the financial services provider’s stock after acquiring an additional 1,108 shares during the period. NMI comprises approximately 0.5% of Legend Financial Advisors Inc.’s holdings, making the stock its 25th biggest position. Legend Financial Advisors Inc.’s holdings in NMI were worth $687,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. State Street Corp lifted its position in NMI by 1.0% during the 3rd quarter. State Street Corp now owns 3,565,348 shares of the financial services provider’s stock worth $146,857,000 after buying an additional 35,351 shares in the last quarter. Van Berkom & Associates Inc. increased its holdings in shares of NMI by 2.1% in the second quarter. Van Berkom & Associates Inc. now owns 2,451,743 shares of the financial services provider’s stock valued at $83,457,000 after purchasing an additional 51,194 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in NMI by 38.0% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,942,428 shares of the financial services provider’s stock valued at $80,009,000 after buying an additional 534,818 shares during the last quarter. American Century Companies Inc. raised its position in shares of NMI by 18.4% during the second quarter. American Century Companies Inc. now owns 1,617,601 shares of the financial services provider’s stock worth $55,063,000 after acquiring an additional 251,664 shares during the last quarter. Finally, FMR LLC lifted its stake in shares of NMI by 7.6% during the third quarter. FMR LLC now owns 1,517,092 shares of the financial services provider’s stock valued at $62,489,000 after acquiring an additional 107,771 shares during the period. Institutional investors own 94.12% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Barclays downgraded shares of NMI from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $48.00 to $41.00 in a research report on Monday. Royal Bank of Canada lowered their price target on NMI from $48.00 to $47.00 and set an “outperform” rating for the company in a research note on Thursday, November 7th. Keefe, Bruyette & Woods boosted their price objective on shares of NMI from $43.00 to $44.00 and gave the company a “market perform” rating in a report on Tuesday, December 10th. Finally, JPMorgan Chase & Co. cut their target price on shares of NMI from $46.00 to $41.00 and set an “overweight” rating on the stock in a report on Monday, December 9th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, NMI has an average rating of “Moderate Buy” and an average price target of $42.14.

NMI Stock Up 0.5 %

Shares of NMI stock traded up $0.19 on Tuesday, hitting $35.81. The company had a trading volume of 559,500 shares, compared to its average volume of 464,100. NMI Holdings, Inc. has a twelve month low of $28.67 and a twelve month 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. The stock has a 50-day moving average of $37.99 and a 200-day moving average of $38.40. The firm has a market capitalization of $2.83 billion, a P/E ratio of 8.19, a P/E/G ratio of 0.92 and a beta of 1.12.

NMI 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.