Legend Financial Advisors Inc. Has $687,000 Stock Holdings in NMI Holdings, Inc. (NASDAQ:NMIH)

Legend Financial Advisors Inc. boosted its holdings in shares of NMI Holdings, Inc. (NASDAQ:NMIH) by 6.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,684 shares of the financial services provider’s stock after buying an additional 1,108 shares during the period. NMI makes up about 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 quarter.

Several other hedge funds have also recently bought and sold shares of NMIH. GAMMA Investing LLC increased its holdings in NMI by 57.2% in the third quarter. GAMMA Investing LLC now owns 728 shares of the financial services provider’s stock worth $30,000 after buying an additional 265 shares during the last quarter. Quarry LP increased its stake 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 purchasing an additional 493 shares during the last quarter. Federated Hermes Inc. raised its holdings in shares of NMI by 1.8% during the 2nd quarter. Federated Hermes Inc. now owns 33,570 shares of the financial services provider’s stock valued at $1,143,000 after purchasing an additional 593 shares in the last quarter. Diversified Trust Co lifted its stake in shares of NMI by 2.9% in the 3rd quarter. Diversified Trust Co now owns 28,567 shares of the financial services provider’s stock valued at $1,177,000 after purchasing an additional 805 shares during the last quarter. Finally, Profund Advisors LLC boosted its holdings in NMI by 11.9% in the second quarter. Profund Advisors LLC now owns 7,775 shares of the financial services provider’s stock worth $265,000 after purchasing an additional 824 shares in the last quarter. 94.12% of the stock is owned by hedge funds and other institutional investors.

NMI Stock Performance

Shares of NASDAQ NMIH traded up $0.19 during mid-day trading 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 12 month low of $28.67 and a 12 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 firm has a market cap of $2.83 billion, a P/E ratio of 8.19, a PEG ratio of 0.92 and a beta of 1.12. The business’s 50-day simple moving average is $37.99 and its 200-day simple moving average is $38.40.

Wall Street Analyst Weigh In

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

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.