Centaurus Financial Inc. Has $268,000 Stock Position in NMI Holdings, Inc. (NASDAQ:NMIH)

Centaurus Financial Inc. lifted its position in NMI Holdings, Inc. (NASDAQ:NMIH) by 20.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,497 shares of the financial services provider’s stock after buying an additional 1,086 shares during the quarter. Centaurus Financial Inc.’s holdings in NMI were worth $268,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of NMIH. Opal Wealth Advisors LLC bought a new position in NMI during the second quarter worth $29,000. Quarry LP increased its position in NMI by 135.1% during the second quarter. Quarry LP now owns 858 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 493 shares during the period. GAMMA Investing LLC increased its position in 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 acquiring an additional 265 shares during the period. USA Financial Formulas bought a new position in NMI during the third quarter worth $57,000. Finally, Picton Mahoney Asset Management bought a new position in NMI during the second quarter worth $63,000. 94.12% of the stock is currently owned by institutional investors and hedge funds.

NMI Trading Up 0.1 %

Shares of NMI stock opened at $40.03 on Thursday. The stock has a market capitalization of $3.17 billion, a P/E ratio of 9.16, a price-to-earnings-growth ratio of 0.98 and a beta of 1.13. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.19. The company has a 50-day simple moving average of $39.60 and a 200 day simple moving average of $37.41. NMI Holdings, Inc. has a 12-month low of $27.00 and a 12-month high of $42.49.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. StockNews.com lowered shares of NMI from a “buy” rating to a “hold” rating in a research report on Wednesday, August 21st. Truist Financial boosted their price target on shares of NMI from $37.00 to $47.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Barclays boosted their price target on shares of NMI from $43.00 to $48.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. Keefe, Bruyette & Woods boosted their price target on shares of NMI from $37.00 to $40.00 and gave the company a “market perform” rating in a report on Thursday, August 1st. Finally, JPMorgan Chase & Co. boosted their price target on shares of NMI from $42.00 to $46.00 and gave the company an “overweight” rating in a report on Monday, October 7th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $43.29.

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.