American Trust acquired a new position in NMI Holdings, Inc. (NASDAQ:NMIH – Get Rating) in the first quarter, HoldingsChannel.com reports. The institutional investor acquired 11,008 shares of the financial services provider's stock, valued at approximately $227,000.

Other institutional investors have also added to or reduced their stakes in the company. Point72 Hong Kong Ltd bought a new position in NMI in the first quarter worth $33,000. Federated Hermes Inc. raised its holdings in NMI by 36.9% in the first quarter. Federated Hermes Inc. now owns 3,112 shares of the financial services provider's stock worth $64,000 after purchasing an additional 838 shares in the last quarter. Counterpoint Mutual Funds LLC purchased a new stake in shares of NMI in the first quarter worth $64,000. Captrust Financial Advisors grew its stake in shares of NMI by 136.6% in the first quarter. Captrust Financial Advisors now owns 3,175 shares of the financial services provider's stock worth $65,000 after acquiring an additional 1,833 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in shares of NMI by 15.6% in the first quarter. PNC Financial Services Group Inc. now owns 5,738 shares of the financial services provider's stock worth $118,000 after acquiring an additional 774 shares during the last quarter. Institutional investors own 96.93% of the company's stock.

NMI Stock Up 0.7 %

NMIH stock opened at $21.28 on Tuesday. NMI Holdings, Inc. has a fifty-two week low of $15.33 and a fifty-two week high of $27.25. The business's 50-day moving average is $20.18 and its two-hundred day moving average is $19.22. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.57 and a current ratio of 0.57. The company has a market cap of $1.80 billion, a price-to-earnings ratio of 7.07 and a beta of 1.45.

Insider Buying and Selling at NMI

In other news, Director Michael Curry Montgomery sold 19,630 shares of the firm's stock in a transaction dated Friday, September 9th. The stock was sold at an average price of $20.30, for a total value of $398,489.00. Following the transaction, the director now owns 58,607 shares of the company's stock, valued at $1,189,722.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.50% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on NMIH. StockNews.com raised NMI from a "hold" rating to a "buy" rating in a research note on Friday, August 12th. BTIG Research increased their target price on NMI to $28.00 in a research note on Tuesday, August 9th. Royal Bank of Canada cut NMI from an "outperform" rating to a "sector perform" rating and dropped their price objective for the company from $27.00 to $20.00 in a research report on Thursday, June 23rd. TheStreet raised NMI from a "c+" rating to a "b-" rating in a research report on Monday, August 29th. Finally, Compass Point dropped their price objective on NMI to $30.00 in a research report on Tuesday, August 9th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $29.56.

NMI Company Profile

(Get Rating)

NMI Holdings, Inc provides private mortgage guaranty insurance services in the United States. The company offers mortgage insurance services; 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.

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