Charles Schwab Investment Management Inc. Acquires 11,347 Shares of NMI Holdings, Inc. (NASDAQ:NMIH)

Charles Schwab Investment Management Inc. lifted its holdings in shares of NMI Holdings, Inc. (NASDAQ:NMIH) by 1.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,075,428 shares of the financial services provider’s stock after purchasing an additional 11,347 shares during the period. Charles Schwab Investment Management Inc. owned about 1.36% of NMI worth $39,533,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NMIH. Smartleaf Asset Management LLC raised its position in NMI by 288.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,868 shares of the financial services provider’s stock worth $69,000 after acquiring an additional 1,387 shares during the period. Bridges Investment Management Inc. increased its stake in shares of NMI by 68.4% during the 4th quarter. Bridges Investment Management Inc. now owns 21,407 shares of the financial services provider’s stock worth $787,000 after purchasing an additional 8,698 shares during the last quarter. Illumine Investment Management LLC bought a new stake in shares of NMI in the 4th quarter worth approximately $479,000. Versor Investments LP lifted its stake in NMI by 6.7% in the fourth quarter. Versor Investments LP now owns 22,311 shares of the financial services provider’s stock valued at $820,000 after purchasing an additional 1,400 shares during the last quarter. Finally, Denali Advisors LLC lifted its stake in NMI by 2,446.6% in the fourth quarter. Denali Advisors LLC now owns 175,718 shares of the financial services provider’s stock valued at $6,459,000 after purchasing an additional 168,818 shares during the last quarter. 94.12% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Norman Peter Fitzgerald sold 20,000 shares of NMI stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $35.88, for a total transaction of $717,600.00. Following the completion of the sale, the executive vice president now owns 37,470 shares in the company, valued at approximately $1,344,423.60. This trade represents a 34.80 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Mohammad Nawaz Yousaf sold 1,083 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $35.44, for a total transaction of $38,381.52. Following the completion of the transaction, the executive vice president now owns 49,218 shares in the company, valued at approximately $1,744,285.92. This trade represents a 2.15 % 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.

NMI Stock Up 2.1 %

NMIH stock opened at $35.40 on Friday. The stock has a 50-day simple moving average of $36.46 and a two-hundred day simple moving average of $38.30. NMI Holdings, Inc. has a twelve month low of $29.05 and a twelve month high of $42.49. The firm has a market capitalization of $2.78 billion, a PE ratio of 7.99, a PEG ratio of 1.41 and a beta of 1.02. The company has a quick ratio of 0.83, a current ratio of 0.60 and a debt-to-equity ratio of 0.19.

NMI (NASDAQ:NMIH) last issued its quarterly earnings data on Wednesday, February 12th. The financial services provider reported $1.07 EPS for the quarter, missing the consensus estimate of $1.14 by ($0.07). NMI had a net margin of 55.32% and a return on equity of 17.33%. On average, equities analysts predict that NMI Holdings, Inc. will post 4.62 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on NMIH shares. JPMorgan Chase & Co. lowered their target price on NMI from $46.00 to $41.00 and set an “overweight” rating on the stock in a research note on Monday, December 9th. Barclays cut NMI from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $48.00 to $41.00 in a research note on Monday, January 6th. UBS Group dropped their price objective on shares of NMI from $42.00 to $41.00 and set a “neutral” rating on the stock in a report on Wednesday, February 19th. Finally, Keefe, Bruyette & Woods upgraded shares of NMI from a “market perform” rating to an “outperform” rating and set a $43.00 target price for the company in a research note on Monday, February 24th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $42.29.

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.