Smartleaf Asset Management LLC Has $69,000 Stake in NMI Holdings, Inc. (NASDAQ:NMIH)

Smartleaf Asset Management LLC lifted its stake in shares of NMI Holdings, Inc. (NASDAQ:NMIH) by 288.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,868 shares of the financial services provider’s stock after acquiring an additional 1,387 shares during the period. Smartleaf Asset Management LLC’s holdings in NMI were worth $69,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Principal Securities Inc. increased its stake in NMI by 66.5% in the fourth quarter. Principal Securities Inc. now owns 716 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 286 shares in the last quarter. KBC Group NV increased its position in NMI by 38.3% in the 4th quarter. KBC Group NV now owns 3,221 shares of the financial services provider’s stock valued at $118,000 after buying an additional 892 shares in the last quarter. Farther Finance Advisors LLC raised its stake in NMI by 989.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 3,248 shares of the financial services provider’s stock worth $134,000 after buying an additional 2,950 shares during the period. Point72 Asia Singapore Pte. Ltd. boosted its holdings in NMI by 21.3% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,810 shares of the financial services provider’s stock worth $198,000 after acquiring an additional 846 shares in the last quarter. Finally, R Squared Ltd acquired a new stake in NMI in the fourth quarter valued at approximately $203,000. 94.12% of the stock is owned by institutional investors.

NMI Stock Down 0.1 %

NMIH opened at $35.43 on Monday. The firm has a market capitalization of $2.78 billion, a P/E ratio of 8.00, a PEG ratio of 1.41 and a beta of 1.02. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.60 and a quick ratio of 0.83. The company’s 50-day moving average is $36.67 and its 200 day moving average is $38.46. NMI Holdings, Inc. has a fifty-two week low of $29.05 and a fifty-two week high of $42.49.

NMI (NASDAQ:NMIH) last posted 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 17.33% and a net margin of 55.32%. Research analysts expect that NMI Holdings, Inc. will post 4.62 earnings per share for the current fiscal year.

Insider Transactions at NMI

In related news, EVP Mohammad Nawaz Yousaf sold 1,083 shares of the firm’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $35.44, for a total transaction 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. This trade represents a 2.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Norman Peter Fitzgerald sold 20,000 shares of the business’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $35.88, for a total transaction of $717,600.00. Following the completion of the transaction, the executive vice president now owns 37,470 shares in the company, 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. Company insiders own 2.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. UBS Group lowered their target price on NMI from $42.00 to $41.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 19th. Barclays downgraded shares of NMI from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $48.00 to $41.00 in a report on Monday, January 6th. JPMorgan Chase & Co. reduced their price objective 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. Finally, Keefe, Bruyette & Woods raised 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 report on Monday, February 24th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus 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.