Vanguard Group Inc. Boosts Stake in NMI Holdings, Inc. (NASDAQ:NMIH)

Vanguard Group Inc. raised its position in NMI Holdings, Inc. (NASDAQ:NMIH) by 0.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,158,877 shares of the financial services provider’s stock after purchasing an additional 39,503 shares during the quarter. Vanguard Group Inc. owned 9.05% of NMI worth $263,160,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in NMIH. Jane Street Group LLC raised its holdings in shares of NMI by 64.2% in the 3rd quarter. Jane Street Group LLC now owns 139,173 shares of the financial services provider’s stock valued at $5,733,000 after buying an additional 54,391 shares during the period. JPMorgan Chase & Co. lifted its position in shares of NMI by 3.3% during the third quarter. JPMorgan Chase & Co. now owns 775,804 shares of the financial services provider’s stock worth $31,955,000 after purchasing an additional 24,838 shares in the last quarter. Assetmark Inc. boosted its stake in shares of NMI by 12.6% in the fourth quarter. Assetmark Inc. now owns 88,010 shares of the financial services provider’s stock valued at $3,235,000 after purchasing an additional 9,842 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of NMI by 1.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,075,428 shares of the financial services provider’s stock valued at $39,533,000 after purchasing an additional 11,347 shares in the last quarter. Finally, FMR LLC increased its stake in NMI by 7.6% during the 3rd 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. 94.12% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at NMI

In other NMI news, EVP Mohammad Nawaz Yousaf sold 1,083 shares of the business’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 value of $38,381.52. Following the completion of the sale, the executive vice president now owns 49,218 shares in the company, valued at approximately $1,744,285.92. The trade was a 2.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Norman Peter Fitzgerald sold 20,000 shares of the stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $35.88, for a total value of $717,600.00. Following the completion of the sale, the executive vice president now directly owns 37,470 shares of the company’s stock, valued at $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 owned by corporate insiders.

NMI Price Performance

Shares of NASDAQ NMIH opened at $33.83 on Friday. The stock’s 50-day simple moving average is $36.21 and its 200-day simple moving average is $37.82. The firm has a market capitalization of $2.65 billion, a PE ratio of 7.64, a price-to-earnings-growth ratio of 1.41 and a beta of 0.62. NMI Holdings, Inc. has a fifty-two week low of $29.05 and a fifty-two week high of $42.49. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.83 and a current ratio of 0.60.

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 analysts’ consensus estimates 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 forecast that NMI Holdings, Inc. will post 4.62 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Barclays downgraded shares of NMI from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $48.00 to $41.00 in a research note on Monday, January 6th. Keefe, Bruyette & Woods raised 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. JPMorgan Chase & Co. reduced their price target on NMI from $46.00 to $41.00 and set an “overweight” rating on the stock in a research report on Monday, December 9th. Finally, UBS Group lowered their price objective on NMI from $42.00 to $41.00 and set a “neutral” rating for the company in a research report on Wednesday, February 19th. 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 data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $42.29.

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.