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

Xponance Inc. lifted its stake in shares of NMI Holdings, Inc. (NASDAQ:NMIH) by 10.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,636 shares of the financial services provider’s stock after buying an additional 524 shares during the quarter. Xponance Inc.’s holdings in NMI were worth $207,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of NMIH. Charles Schwab Investment Management Inc. lifted its position in NMI by 2.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,064,081 shares of the financial services provider’s stock valued at $43,829,000 after acquiring an additional 22,756 shares during the last quarter. Citigroup Inc. lifted its holdings in shares of NMI by 95.4% in the 3rd quarter. Citigroup Inc. now owns 129,180 shares of the financial services provider’s stock valued at $5,321,000 after purchasing an additional 63,058 shares during the last quarter. Cerity Partners LLC boosted its position in shares of NMI by 11.1% in the 3rd quarter. Cerity Partners LLC now owns 17,828 shares of the financial services provider’s stock valued at $734,000 after purchasing an additional 1,786 shares during the period. Daiwa Securities Group Inc. grew its stake in NMI by 77.4% during the 3rd quarter. Daiwa Securities Group Inc. now owns 11,000 shares of the financial services provider’s stock worth $453,000 after buying an additional 4,800 shares during the last quarter. Finally, FMR LLC increased its position in NMI by 7.6% during the third quarter. FMR LLC now owns 1,517,092 shares of the financial services provider’s stock worth $62,489,000 after buying an additional 107,771 shares during the period. Institutional investors and hedge funds own 94.12% of the company’s stock.

Analysts Set New Price Targets

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

NMI Trading Down 1.5 %

Shares of NMI stock opened at $36.00 on Friday. The firm has a market cap of $2.82 billion, a price-to-earnings ratio of 8.13, a price-to-earnings-growth ratio of 1.41 and a beta of 1.02. NMI Holdings, Inc. has a 52-week low of $29.05 and a 52-week high of $42.49. The company’s 50-day simple moving average is $36.41 and its 200-day simple moving average is $37.96. 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 released its earnings results on Wednesday, February 12th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.14 by ($0.07). NMI had a return on equity of 17.33% and a net margin of 55.32%. As a group, equities research analysts anticipate that NMI Holdings, Inc. will post 4.62 earnings per share for the current year.

Insiders Place Their Bets

In other NMI news, EVP Mohammad Nawaz Yousaf sold 1,083 shares of the stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $35.44, for a total value of $38,381.52. Following the completion of the transaction, the executive vice president now directly owns 49,218 shares of the company’s stock, valued at approximately $1,744,285.92. This trade represents a 2.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Norman Peter Fitzgerald sold 20,000 shares of NMI stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $35.88, for a total transaction of $717,600.00. Following the sale, the executive vice president now owns 37,470 shares of the company’s stock, valued at approximately $1,344,423.60. The trade was a 34.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.70% of the stock is currently owned by company insiders.

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.