KBC Group NV Buys 892 Shares of NMI Holdings, Inc. (NASDAQ:NMIH)

KBC Group NV lifted its position in NMI Holdings, Inc. (NASDAQ:NMIH) by 38.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,221 shares of the financial services provider’s stock after buying an additional 892 shares during the period. KBC Group NV’s holdings in NMI were worth $118,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. The Manufacturers Life Insurance Company lifted its holdings in shares of NMI by 2.4% in the second quarter. The Manufacturers Life Insurance Company now owns 44,475 shares of the financial services provider’s stock valued at $1,514,000 after purchasing an additional 1,024 shares in the last quarter. Creative Planning grew its position in NMI by 67.3% in the second quarter. Creative Planning now owns 17,649 shares of the financial services provider’s stock valued at $601,000 after purchasing an additional 7,102 shares in the last quarter. GAMMA Investing LLC increased its stake in NMI by 57.2% in the 3rd quarter. GAMMA Investing LLC now owns 728 shares of the financial services provider’s stock valued at $30,000 after buying an additional 265 shares during the last quarter. CWM LLC boosted its holdings in shares of NMI by 32.3% in the 3rd quarter. CWM LLC now owns 3,936 shares of the financial services provider’s stock valued at $162,000 after buying an additional 962 shares during the last quarter. Finally, USA Financial Formulas bought a new position in shares of NMI in the third quarter valued at $57,000. 94.12% of the stock is currently owned by institutional investors and hedge funds.

NMI Stock Performance

Shares of NMI stock opened at $36.95 on Friday. The business has a 50-day simple moving average of $37.63 and a 200 day simple moving average of $38.78. The firm has a market capitalization of $2.92 billion, a price-to-earnings ratio of 8.46, a PEG ratio of 0.91 and a beta of 1.12. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.83 and a quick ratio of 0.83. NMI Holdings, Inc. has a one year low of $28.73 and a one year high of $42.49.

NMI (NASDAQ:NMIH) last released its quarterly earnings data on Wednesday, February 12th. The financial services provider reported $1.07 earnings per share for the quarter, missing the consensus estimate of $1.14 by ($0.07). NMI had a return on equity of 17.82% and a net margin of 56.20%. On average, research analysts anticipate that NMI Holdings, Inc. will post 4.54 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on NMIH. JPMorgan Chase & Co. dropped their price target on shares of NMI from $46.00 to $41.00 and set an “overweight” rating on the stock in a research report on Monday, December 9th. Keefe, Bruyette & Woods cut their price objective on shares of NMI from $44.00 to $43.00 and set a “market perform” rating for the company in a report on Wednesday, January 8th. Royal Bank of Canada decreased their target price on shares of NMI from $48.00 to $47.00 and set an “outperform” rating on the stock in a research report on Thursday, November 7th. Finally, Barclays downgraded shares of NMI from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $48.00 to $41.00 in a research report on Monday, January 6th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $42.00.

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.