Sanctuary Advisors LLC Increases Stock Position in NMI Holdings, Inc. (NASDAQ:NMIH)

Sanctuary Advisors LLC lifted its holdings in NMI Holdings, Inc. (NASDAQ:NMIH) by 6.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 54,594 shares of the financial services provider’s stock after buying an additional 3,066 shares during the quarter. Sanctuary Advisors LLC owned approximately 0.07% of NMI worth $2,114,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Bank of New York Mellon Corp grew its holdings in NMI by 0.6% in the second quarter. Bank of New York Mellon Corp now owns 670,256 shares of the financial services provider’s stock worth $22,816,000 after purchasing an additional 4,096 shares during the period. Allspring Global Investments Holdings LLC increased its position in NMI by 94.7% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 15,361 shares of the financial services provider’s stock valued at $523,000 after buying an additional 7,473 shares in the last quarter. Panagora Asset Management Inc. raised its stake in NMI by 5.8% during the second quarter. Panagora Asset Management Inc. now owns 526,287 shares of the financial services provider’s stock valued at $17,915,000 after buying an additional 29,040 shares during the last quarter. F M Investments LLC bought a new stake in NMI in the second quarter worth $12,447,000. Finally, Picton Mahoney Asset Management purchased a new stake in shares of NMI in the second quarter worth $63,000. 94.12% of the stock is currently owned by institutional investors.

NMI Price Performance

Shares of NMIH opened at $36.32 on Thursday. The firm has a fifty day simple moving average of $38.89 and a two-hundred day simple moving average of $37.99. The firm has a market cap of $2.87 billion, a PE ratio of 8.31, a P/E/G ratio of 0.92 and a beta of 1.10. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.19. NMI Holdings, Inc. has a 1-year low of $28.59 and a 1-year high of $42.49.

Analyst Ratings Changes

Several equities analysts have recently issued reports on NMIH shares. JPMorgan Chase & Co. dropped their price target on shares of NMI from $46.00 to $41.00 and set an “overweight” rating on the stock in a research note on Monday, December 9th. Royal Bank of Canada dropped their target price 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. Keefe, Bruyette & Woods raised their price target on shares of NMI from $43.00 to $44.00 and gave the company a “market perform” rating in a research report on Tuesday, December 10th. StockNews.com cut NMI from a “buy” rating to a “hold” rating in a research report on Wednesday, August 21st. Finally, Barclays increased their target price on NMI from $43.00 to $48.00 and gave the company an “overweight” rating in a research note on Tuesday, October 8th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company currently 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.