Robeco Institutional Asset Management B.V. bought a new position in shares of NMI Holdings (NASDAQ:NMIH) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 106,368 shares of the financial services provider’s stock, valued at approximately $1,759,000. Robeco Institutional Asset Management B.V. owned 0.16% of NMI at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in NMIH. First Mercantile Trust Co. bought a new position in NMI in the fourth quarter worth approximately $136,000. SG Americas Securities LLC bought a new position in NMI in the first quarter worth approximately $159,000. Eqis Capital Management Inc. bought a new position in NMI in the fourth quarter worth approximately $179,000. State of Alaska Department of Revenue bought a new position in NMI in the fourth quarter worth approximately $180,000. Finally, Macquarie Group Ltd. boosted its holdings in NMI by 40.4% in the fourth quarter. Macquarie Group Ltd. now owns 12,850 shares of the financial services provider’s stock worth $218,000 after acquiring an additional 3,700 shares in the last quarter. 89.60% of the stock is owned by institutional investors and hedge funds.
NMI opened at $17.20 on Thursday, MarketBeat reports. NMI Holdings has a twelve month low of $10.10 and a twelve month high of $21.92. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.68 and a current ratio of 0.68. The company has a market capitalization of $1.13 billion, a PE ratio of 30.18 and a beta of 0.89.
NMI (NASDAQ:NMIH) last posted its earnings results on Tuesday, May 1st. The financial services provider reported $0.34 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.03. NMI had a return on equity of 10.27% and a net margin of 18.96%. The company had revenue of $59.55 million for the quarter. equities research analysts anticipate that NMI Holdings will post 1.45 EPS for the current fiscal year.
Several research analysts have issued reports on the company. TheStreet upgraded NMI from a “c+” rating to a “b” rating in a report on Monday, May 14th. Zacks Investment Research lowered NMI from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 8th. BidaskClub upgraded NMI from a “buy” rating to a “strong-buy” rating in a report on Tuesday, May 8th. Compass Point raised their target price on NMI from $16.25 to $17.00 and gave the company a “buy” rating in a report on Wednesday, May 2nd. Finally, Royal Bank of Canada began coverage on NMI in a report on Thursday, April 19th. They issued an “outperform” rating and a $18.00 target price on the stock. One research analyst has rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $19.67.
In related news, SVP Julie Norberg sold 3,162 shares of the stock in a transaction that occurred on Wednesday, May 16th. The stock was sold at an average price of $16.58, for a total transaction of $52,425.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Patrick L. Mathis sold 21,000 shares of the stock in a transaction that occurred on Thursday, May 3rd. The shares were sold at an average price of $15.77, for a total value of $331,170.00. The disclosure for this sale can be found here. 5.70% of the stock is owned by company insiders.
NMI Company Profile
NMI Holdings, Inc, through its subsidiaries, provides private mortgage guaranty insurance services in the United States. The company offers mortgage insurance; reinsurance on loans; 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.
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