NMI Holdings, Inc. (NASDAQ:NMIH) Shares Bought by Diversified Trust Co

Diversified Trust Co lifted its holdings in NMI Holdings, Inc. (NASDAQ:NMIH) by 2.9% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 28,567 shares of the financial services provider’s stock after purchasing an additional 805 shares during the quarter. Diversified Trust Co’s holdings in NMI were worth $1,177,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of NMIH. Capital International Investors bought a new position in shares of NMI in the first quarter worth $32,270,000. Donald Smith & CO. Inc. bought a new position in shares of NMI in the second quarter worth $29,708,000. Goldentree Asset Management LP bought a new position in shares of NMI in the first quarter worth $22,600,000. F M Investments LLC bought a new position in shares of NMI in the second quarter worth $12,447,000. Finally, Vanguard Group Inc. grew its stake in shares of NMI by 5.3% in the first quarter. Vanguard Group Inc. now owns 7,168,138 shares of the financial services provider’s stock worth $231,818,000 after purchasing an additional 358,930 shares in the last quarter. Institutional investors own 94.12% of the company’s stock.

NMI Trading Up 1.0 %

Shares of NASDAQ NMIH opened at $41.19 on Wednesday. NMI Holdings, Inc. has a 12 month low of $26.41 and a 12 month high of $42.49. The company has a market cap of $3.31 billion, a price-to-earnings ratio of 10.20, a P/E/G ratio of 0.94 and a beta of 1.12. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.20. The business has a fifty day simple moving average of $39.75 and a 200-day simple moving average of $35.51.

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

Analyst Ratings Changes

Several brokerages recently weighed in on NMIH. StockNews.com cut NMI from a “buy” rating to a “hold” rating in a research note on Wednesday, August 21st. Keefe, Bruyette & Woods raised their target price on NMI from $37.00 to $40.00 and gave the company a “market perform” rating in a research note on Thursday, August 1st. Truist Financial raised their target price on NMI from $37.00 to $47.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Barclays raised their target price on NMI from $43.00 to $48.00 and gave the company an “overweight” rating in a research note on Tuesday. Finally, JPMorgan Chase & Co. upped their target price on NMI from $42.00 to $46.00 and gave the company an “overweight” rating in a report on Monday. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, NMI has a consensus rating of “Moderate Buy” and a consensus price target of $42.13.

Insider Buying and Selling

In other NMI news, insider William J. Leatherberry sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $40.07, for a total value of $120,210.00. Following the transaction, the insider now owns 153,689 shares in the company, valued at approximately $6,158,318.23. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other NMI news, insider William J. Leatherberry sold 3,000 shares of the business’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $40.07, for a total value of $120,210.00. Following the transaction, the insider now owns 153,689 shares in the company, 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 document filed with the SEC, which is available through the SEC website. 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 value of $1,023,414.80. Following the completion of the transaction, the director now directly owns 61,607 shares in the company, valued at approximately $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. 2.70% of the stock is currently owned by corporate 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.