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

Vanguard Group Inc. raised its position in NMI Holdings, Inc. (NASDAQ:NMIH) by 3.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,809,208 shares of the financial services provider’s stock after acquiring an additional 225,364 shares during the quarter. Vanguard Group Inc. owned approximately 8.42% of NMI worth $202,097,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Daiwa Securities Group Inc. acquired a new position in shares of NMI in the fourth quarter valued at approximately $27,000. TFO Wealth Partners LLC grew its stake in shares of NMI by 24,500.0% in the fourth quarter. TFO Wealth Partners LLC now owns 1,230 shares of the financial services provider’s stock worth $37,000 after acquiring an additional 1,225 shares in the last quarter. Robeco Institutional Asset Management B.V. purchased a new stake in shares of NMI during the fourth quarter worth $145,000. Quadrant Capital Group LLC raised its stake in shares of NMI by 6.1% in the fourth quarter. Quadrant Capital Group LLC now owns 6,071 shares of the financial services provider’s stock valued at $180,000 after acquiring an additional 350 shares in the last quarter. Finally, Inceptionr LLC purchased a new position in NMI in the fourth quarter valued at $217,000. 94.12% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. UBS Group lowered NMI from a “buy” rating to a “neutral” rating and increased their price target for the company from $37.00 to $39.00 in a research report on Wednesday, May 22nd. Keefe, Bruyette & Woods lifted their price target on shares of NMI from $33.00 to $36.00 and gave the stock a “market perform” rating in a research note on Thursday, April 4th. JPMorgan Chase & Co. increased their price objective on shares of NMI from $35.00 to $36.00 and gave the company an “overweight” rating in a research report on Wednesday, May 1st. Compass Point lifted their price objective on shares of NMI from $33.00 to $36.00 and gave the stock a “buy” rating in a research report on Tuesday, May 7th. Finally, StockNews.com upgraded shares of NMI from a “hold” rating to a “buy” rating in a research note on Wednesday, June 19th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, NMI presently has an average rating of “Moderate Buy” and an average price target of $35.56.

NMI Price Performance

Shares of NMIH opened at $34.25 on Wednesday. The firm has a fifty day moving average price of $32.85 and a 200 day moving average price of $31.13. The stock has a market cap of $2.75 billion, a PE ratio of 8.48, a price-to-earnings-growth ratio of 1.16 and a beta of 1.09. NMI Holdings, Inc. has a 1-year low of $24.83 and a 1-year high of $34.58. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.89 and a quick ratio of 0.89.

NMI (NASDAQ:NMIH) last posted its earnings results on Tuesday, April 30th. The financial services provider reported $1.08 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.12. The business had revenue of $156.25 million during the quarter, compared to the consensus estimate of $133.76 million. NMI had a return on equity of 18.09% and a net margin of 56.26%. The business’s quarterly revenue was up 14.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.88 EPS. As a group, sell-side analysts anticipate that NMI Holdings, Inc. will post 4.24 EPS for the current year.

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.