Cwm LLC Buys 962 Shares of NMI Holdings, Inc. (NASDAQ:NMIH)

Cwm LLC increased its stake in NMI Holdings, Inc. (NASDAQ:NMIH) by 32.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,936 shares of the financial services provider’s stock after acquiring an additional 962 shares during the quarter. Cwm LLC’s holdings in NMI were worth $162,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. UniSuper Management Pty Ltd acquired a new stake in shares of NMI during the first quarter worth $507,000. First Eagle Investment Management LLC grew its holdings in NMI by 17.6% during the 1st quarter. First Eagle Investment Management LLC now owns 403,019 shares of the financial services provider’s stock worth $13,034,000 after acquiring an additional 60,200 shares during the period. Leuthold Group LLC bought a new position in shares of NMI in the 1st quarter worth about $2,987,000. Susquehanna Fundamental Investments LLC acquired a new position in shares of NMI in the 1st quarter valued at about $532,000. Finally, Leeward Investments LLC MA boosted its position in shares of NMI by 5.6% during the 2nd quarter. Leeward Investments LLC MA now owns 306,985 shares of the financial services provider’s stock valued at $10,450,000 after purchasing an additional 16,295 shares in the last quarter. 94.12% of the stock is currently owned by institutional investors.

NMI Stock Performance

NMIH opened at $39.49 on Thursday. The company has a market cap of $3.17 billion, a price-to-earnings ratio of 9.77, a PEG ratio of 0.93 and a beta of 1.12. The company’s fifty day moving average price is $40.46 and its two-hundred day moving average price is $36.17. NMI Holdings, Inc. has a 1-year low of $26.41 and a 1-year high of $42.49. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.20.

NMI (NASDAQ:NMIH) last posted its earnings results on Tuesday, July 30th. The financial services provider reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.15. The company had revenue of $162.12 million for the quarter, compared to analyst estimates of $138.49 million. NMI had a net margin of 56.40% and a return on equity of 18.29%. The firm’s revenue was up 13.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.95 EPS. On average, analysts expect that NMI Holdings, Inc. will post 4.5 EPS for the current fiscal year.

Insider Transactions at NMI

In related news, insider William J. Leatherberry sold 3,000 shares of NMI stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $40.07, for a total transaction of $120,210.00. Following the transaction, the insider now owns 153,689 shares of the company’s stock, valued at $6,158,318.23. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, insider William J. Leatherberry sold 3,000 shares of the business’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $40.07, for a total transaction of $120,210.00. Following the transaction, the insider now directly owns 153,689 shares in the company, valued at approximately $6,158,318.23. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael J. Embler sold 26,008 shares of the company’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $39.35, for a total transaction of $1,023,414.80. Following the completion of the sale, the director now directly owns 61,607 shares of the company’s stock, valued at $2,424,235.45. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on NMIH shares. Royal Bank of Canada upgraded NMI from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from $40.00 to $48.00 in a report on Wednesday, September 18th. Barclays lifted their price objective on shares of NMI from $43.00 to $48.00 and gave the company an “overweight” rating in a research note on Tuesday, October 8th. Keefe, Bruyette & Woods increased their target price on shares of NMI from $37.00 to $40.00 and gave the stock a “market perform” rating in a research note on Thursday, August 1st. StockNews.com downgraded shares of NMI from a “buy” rating to a “hold” rating in a research note on Wednesday, August 21st. Finally, JPMorgan Chase & Co. upped their price objective on shares of NMI from $42.00 to $46.00 and gave the company an “overweight” rating in a report on Monday, October 7th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $43.43.

NMI 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.