Vanguard Group Inc. Increases Stock Holdings in NMI Holdings, Inc. (NASDAQ:NMIH)

Vanguard Group Inc. lifted its stake in shares of NMI Holdings, Inc. (NASDAQ:NMIH) by 0.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 7,158,877 shares of the financial services provider’s stock after buying an additional 39,503 shares during the quarter. Vanguard Group Inc. owned about 0.09% of NMI worth $263,160,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of NMIH. Principal Securities Inc. lifted its stake in shares of NMI by 66.5% in the 4th quarter. Principal Securities Inc. now owns 716 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 286 shares during the period. Smartleaf Asset Management LLC lifted its position in NMI by 288.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,868 shares of the financial services provider’s stock valued at $69,000 after purchasing an additional 1,387 shares during the period. KBC Group NV boosted its holdings in NMI by 38.3% in the 4th quarter. KBC Group NV now owns 3,221 shares of the financial services provider’s stock valued at $118,000 after purchasing an additional 892 shares in the last quarter. R Squared Ltd acquired a new position in NMI during the 4th quarter worth approximately $203,000. Finally, AXQ Capital LP acquired a new stake in shares of NMI in the 4th quarter valued at approximately $207,000. 94.12% of the stock is owned by institutional investors and hedge funds.

NMI Stock Down 5.7 %

NMIH stock opened at $33.83 on Friday. NMI Holdings, Inc. has a 12 month low of $29.05 and a 12 month high of $42.49. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.60 and a quick ratio of 0.83. The company’s 50 day simple moving average is $36.21 and its 200-day simple moving average is $37.82. The firm has a market capitalization of $2.65 billion, a PE ratio of 7.64, a P/E/G ratio of 1.41 and a beta of 0.62.

NMI (NASDAQ:NMIH) last released its quarterly earnings results on Wednesday, February 12th. The financial services provider reported $1.07 earnings per share for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.07). NMI had a return on equity of 17.33% and a net margin of 55.32%. Equities analysts expect that NMI Holdings, Inc. will post 4.62 earnings per share for the current fiscal year.

Insider Buying and Selling at NMI

In other NMI news, EVP Norman Peter Fitzgerald sold 20,000 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $35.88, for a total transaction of $717,600.00. Following the transaction, the executive vice president now owns 37,470 shares of the company’s stock, valued at $1,344,423.60. This represents a 34.80 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Mohammad Nawaz Yousaf sold 1,083 shares of the firm’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $35.44, for a total value of $38,381.52. Following the sale, the executive vice president now owns 49,218 shares in the company, valued at $1,744,285.92. This trade represents a 2.15 % decrease in their position. The disclosure for this sale can be found here. 2.70% of the stock is owned by insiders.

Wall Street Analyst Weigh In

NMIH has been the subject of several research analyst reports. Barclays cut NMI from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $48.00 to $41.00 in a research report on Monday, January 6th. JPMorgan Chase & Co. decreased their price objective on shares of NMI from $46.00 to $41.00 and set an “overweight” rating on the stock in a report on Monday, December 9th. Keefe, Bruyette & Woods raised shares of NMI from a “market perform” rating to an “outperform” rating and set a $43.00 target price for the company in a report on Monday, February 24th. Finally, UBS Group decreased their price target on NMI from $42.00 to $41.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 19th. 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, NMI currently has an average rating of “Moderate Buy” and a consensus target price of $42.29.

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.