NMI Holdings, Inc. (NASDAQ:NMIH) Shares Bought by Atria Investments Inc

Atria Investments Inc grew its stake in NMI Holdings, Inc. (NASDAQ:NMIH) by 5.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,572 shares of the financial services provider’s stock after purchasing an additional 422 shares during the quarter. Atria Investments Inc’s holdings in NMI were worth $278,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Quest Partners LLC boosted its holdings in NMI by 284.9% in the 3rd quarter. Quest Partners LLC now owns 55,890 shares of the financial services provider’s stock worth $2,302,000 after buying an additional 41,371 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of NMI by 28.2% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 53,897 shares of the financial services provider’s stock valued at $2,220,000 after acquiring an additional 11,860 shares in the last quarter. Moran Wealth Management LLC boosted its stake in shares of NMI by 33.6% in the third quarter. Moran Wealth Management LLC now owns 14,244 shares of the financial services provider’s stock worth $587,000 after acquiring an additional 3,585 shares during the last quarter. Intech Investment Management LLC increased its position in shares of NMI by 50.8% during the third quarter. Intech Investment Management LLC now owns 35,011 shares of the financial services provider’s stock worth $1,442,000 after purchasing an additional 11,798 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in NMI by 2.2% in the 3rd 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 purchasing an additional 22,756 shares during the last quarter. Hedge funds and other institutional investors own 94.12% of the company’s stock.

Insider Buying and Selling at NMI

In related news, 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 value 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Mohammad Nawaz Yousaf sold 1,083 shares of the business’s stock in a transaction that occurred on 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 sale, the executive vice president now directly owns 49,218 shares in the company, valued at approximately $1,744,285.92. The trade was a 2.15 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.70% of the company’s stock.

NMI Price Performance

Shares of NMIH stock opened at $35.37 on Tuesday. 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 has a market capitalization of $2.77 billion, a PE ratio of 7.98, a price-to-earnings-growth ratio of 1.41 and a beta of 1.02. The firm’s 50-day moving average is $36.46 and its two-hundred day moving average is $38.25. NMI Holdings, Inc. has a 12 month low of $29.05 and a 12 month high of $42.49.

NMI (NASDAQ:NMIH) last released its quarterly earnings results 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%. Analysts predict that NMI Holdings, Inc. will post 4.62 earnings per share for the current year.

Analysts Set New Price Targets

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