USA Financial Portformulas Corp bought a new position in NMI Holdings Inc (NASDAQ:NMIH) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 28,054 shares of the financial services provider’s stock, valued at approximately $477,000.
Several other hedge funds also recently bought and sold shares of the company. BlackRock Inc. lifted its holdings in shares of NMI by 82.9% in the fourth quarter. BlackRock Inc. now owns 7,192,807 shares of the financial services provider’s stock worth $122,278,000 after acquiring an additional 3,260,761 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of NMI by 15.0% in the third quarter. Dimensional Fund Advisors LP now owns 2,812,446 shares of the financial services provider’s stock valued at $34,875,000 after buying an additional 367,394 shares during the period. Vanguard Group Inc. increased its stake in shares of NMI by 10.3% in the second quarter. Vanguard Group Inc. now owns 2,569,591 shares of the financial services provider’s stock valued at $29,421,000 after buying an additional 239,387 shares during the period. State Street Corp increased its position in NMI by 6.3% during the 2nd quarter. State Street Corp now owns 966,458 shares of the financial services provider’s stock valued at $11,069,000 after purchasing an additional 56,882 shares during the period. Finally, Wells Fargo & Company MN increased its position in NMI by 25.6% during the 3rd quarter. Wells Fargo & Company MN now owns 776,721 shares of the financial services provider’s stock valued at $9,632,000 after purchasing an additional 158,400 shares during the period. 84.31% of the stock is owned by hedge funds and other institutional investors.
A number of analysts have weighed in on the stock. Zacks Investment Research downgraded shares of NMI from a “strong-buy” rating to a “sell” rating in a research report on Tuesday. Susquehanna Bancshares initiated coverage on NMI in a research note on Tuesday, February 20th. They set a “positive” rating and a $26.00 price objective on the stock. BidaskClub cut NMI from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 30th. ValuEngine raised NMI from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, BTIG Research reissued a “buy” rating and issued a $21.00 price objective on shares of NMI in a report on Sunday, February 18th. One investment analyst has rated the stock with a sell rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. NMI currently has an average rating of “Buy” and a consensus price target of $21.86.
NMI Holdings Inc (NASDAQ NMIH) traded down $0.90 during trading hours on Wednesday, reaching $17.00. The company had a trading volume of 1,733,249 shares, compared to its average volume of 701,277. The company has a market cap of $1,171.13, a P/E ratio of 47.22 and a beta of 0.75. NMI Holdings Inc has a one year low of $10.10 and a one year high of $21.92. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.28.
NMI (NASDAQ:NMIH) last announced its quarterly earnings data on Thursday, February 15th. The financial services provider reported $0.22 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.17 by $0.05. NMI had a return on equity of 7.89% and a net margin of 12.07%. The firm had revenue of $54.54 million during the quarter, compared to the consensus estimate of $51.32 million. During the same quarter in the previous year, the company posted $0.04 earnings per share. The business’s revenue was up 48.9% on a year-over-year basis. research analysts anticipate that NMI Holdings Inc will post 1.34 EPS for the current fiscal year.
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NMI Holdings, Inc (NMIH) provides private mortgage guaranty insurance through its insurance subsidiaries. The Company’s primary insurance subsidiary, National Mortgage Insurance Corporation (NMIC), is a mortgage insurance (MI) provider on loans purchased by the Government-sponsored enterprises (GSEs).
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