Wellington Management Group LLP Lowers Stock Position in NMI Holdings, Inc. (NASDAQ:NMIH)

Wellington Management Group LLP cut its position in shares of NMI Holdings, Inc. (NASDAQ:NMIH) by 8.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,575,060 shares of the financial services provider’s stock after selling 144,910 shares during the quarter. Wellington Management Group LLP owned approximately 1.95% of NMI worth $46,748,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Daiwa Securities Group Inc. purchased a new stake in shares of NMI during the 4th quarter valued at $27,000. TFO Wealth Partners LLC increased its holdings in NMI by 24,500.0% during the fourth quarter. TFO Wealth Partners LLC now owns 1,230 shares of the financial services provider’s stock worth $37,000 after buying an additional 1,225 shares during the last quarter. Robeco Institutional Asset Management B.V. bought a new stake in NMI in the fourth quarter worth about $145,000. Quadrant Capital Group LLC raised its position in NMI by 6.1% in the fourth quarter. Quadrant Capital Group LLC now owns 6,071 shares of the financial services provider’s stock worth $180,000 after acquiring an additional 350 shares during the period. Finally, Inceptionr LLC purchased a new position in NMI in the fourth quarter valued at about $217,000. 94.12% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on NMIH. Compass Point raised their price target on shares of NMI from $33.00 to $36.00 and gave the stock a “buy” rating in a research note on Tuesday, May 7th. Truist Financial upped their price target on NMI from $36.00 to $37.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. UBS Group lowered NMI from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $37.00 to $39.00 in a report on Wednesday, May 22nd. Keefe, Bruyette & Woods upped their price objective on shares of NMI from $33.00 to $36.00 and gave the company a “market perform” rating in a report on Thursday, April 4th. Finally, JPMorgan Chase & Co. lifted their target price on shares of NMI from $35.00 to $36.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 1st. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $35.56.

NMI Trading Up 0.2 %

Shares of NMI stock opened at $33.13 on Monday. NMI Holdings, Inc. has a 12-month low of $24.53 and a 12-month high of $34.33. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.20. The company has a market cap of $2.66 billion, a price-to-earnings ratio of 8.20, a PEG ratio of 1.13 and a beta of 1.08. The company’s 50-day moving average price is $32.33 and its 200-day moving average price is $30.87.

NMI (NASDAQ:NMIH) last released its quarterly earnings results on Tuesday, April 30th. The financial services provider reported $1.08 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.12. NMI had a net margin of 56.26% and a return on equity of 18.09%. The firm had revenue of $156.25 million for the quarter, compared to analysts’ expectations of $133.76 million. During the same quarter in the prior year, the firm posted $0.88 earnings per share. The business’s quarterly revenue was up 14.2% on a year-over-year basis. On average, equities analysts expect that NMI Holdings, Inc. will post 4.24 earnings per share for the current fiscal year.

NMI Company 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.