Cibc World Markets Corp Takes $270,000 Position in NMI Holdings, Inc. (NASDAQ:NMIH)

Cibc World Markets Corp purchased a new position in shares of NMI Holdings, Inc. (NASDAQ:NMIH) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 7,342 shares of the financial services provider’s stock, valued at approximately $270,000.

Several other large investors also recently added to or reduced their stakes in NMIH. Jane Street Group LLC increased its stake in shares of NMI by 64.2% in the third quarter. Jane Street Group LLC now owns 139,173 shares of the financial services provider’s stock worth $5,733,000 after purchasing an additional 54,391 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in NMI by 3.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 775,804 shares of the financial services provider’s stock worth $31,955,000 after buying an additional 24,838 shares during the period. Citigroup Inc. grew its stake in NMI by 95.4% in the 3rd quarter. Citigroup Inc. now owns 129,180 shares of the financial services provider’s stock valued at $5,321,000 after buying an additional 63,058 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in NMI by 53.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 112,224 shares of the financial services provider’s stock valued at $4,623,000 after acquiring an additional 39,012 shares during the period. Finally, Assetmark Inc. raised its holdings in NMI by 12.6% during the 4th quarter. Assetmark Inc. now owns 88,010 shares of the financial services provider’s stock valued at $3,235,000 after acquiring an additional 9,842 shares during the period. Hedge funds and other institutional investors own 94.12% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on NMIH. UBS Group reduced their price target on NMI from $42.00 to $41.00 and set a “neutral” rating for the company in a research report on Wednesday, February 19th. Barclays lowered NMI from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $48.00 to $41.00 in a report on Monday, January 6th. JPMorgan Chase & Co. lowered their price target 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. Finally, Keefe, Bruyette & Woods raised shares of NMI from a “market perform” rating to an “outperform” rating and set a $43.00 price objective for the company in a research note on Monday, February 24th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $42.29.

NMI Stock Performance

Shares of NMIH opened at $36.08 on Wednesday. The company has a market cap of $2.83 billion, a PE ratio of 8.14, a price-to-earnings-growth ratio of 1.41 and a beta of 1.02. The company has a current ratio of 0.60, a quick ratio of 0.83 and a debt-to-equity ratio of 0.19. NMI Holdings, Inc. has a 12-month low of $29.05 and a 12-month high of $42.49. The stock has a 50-day moving average price of $36.47 and a 200-day moving average price of $38.02.

NMI (NASDAQ:NMIH) last posted its 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%. As a group, equities analysts forecast that NMI Holdings, Inc. will post 4.62 earnings per share for the current fiscal year.

Insider Activity at NMI

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

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.