Healthcare of Ontario Pension Plan Trust Fund Has $2.76 Million Stock Holdings in NMI Holdings, Inc. (NASDAQ:NMIH)

Healthcare of Ontario Pension Plan Trust Fund boosted its stake in NMI Holdings, Inc. (NASDAQ:NMIH) by 71.8% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 67,000 shares of the financial services provider’s stock after buying an additional 28,000 shares during the period. Healthcare of Ontario Pension Plan Trust Fund owned approximately 0.08% of NMI worth $2,760,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. GAMMA Investing LLC increased its stake in shares of NMI by 57.2% during the third quarter. GAMMA Investing LLC now owns 728 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 265 shares during the period. Quarry LP grew its holdings in NMI by 135.1% in the 2nd quarter. Quarry LP now owns 858 shares of the financial services provider’s stock valued at $29,000 after buying an additional 493 shares in the last quarter. Federated Hermes Inc. increased its position in NMI by 1.8% during the 2nd quarter. Federated Hermes Inc. now owns 33,570 shares of the financial services provider’s stock worth $1,143,000 after buying an additional 593 shares during the period. Diversified Trust Co lifted its holdings in shares of NMI by 2.9% during the third quarter. Diversified Trust Co now owns 28,567 shares of the financial services provider’s stock worth $1,177,000 after buying an additional 805 shares in the last quarter. Finally, Profund Advisors LLC grew its stake in shares of NMI by 11.9% in the second quarter. Profund Advisors LLC now owns 7,775 shares of the financial services provider’s stock valued at $265,000 after acquiring an additional 824 shares in the last quarter. 94.12% of the stock is currently owned by institutional investors and hedge funds.

NMI Trading Down 0.1 %

Shares of NMIH opened at $39.99 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.83 and a current ratio of 0.83. NMI Holdings, Inc. has a 52-week low of $27.25 and a 52-week high of $42.49. The firm has a market cap of $3.16 billion, a price-to-earnings ratio of 9.15, a PEG ratio of 0.98 and a beta of 1.13. The business’s fifty day moving average is $39.55 and its 200-day moving average is $37.50.

Analyst Upgrades and Downgrades

Several analysts have weighed in on NMIH shares. StockNews.com cut shares of NMI from a “buy” rating to a “hold” rating in a research note on Wednesday, August 21st. Royal Bank of Canada cut 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. Barclays lifted their price objective on NMI from $43.00 to $48.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. Finally, JPMorgan Chase & Co. increased their target price on NMI from $42.00 to $46.00 and gave the stock an “overweight” rating in a report on Monday, October 7th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $43.29.

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.