Susquehanna Fundamental Investments LLC Takes $2.66 Million Position in NMI Holdings, Inc. (NASDAQ:NMIH)

Susquehanna Fundamental Investments LLC bought a new position in NMI Holdings, Inc. (NASDAQ:NMIH - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 72,245 shares of the financial services provider's stock, valued at approximately $2,656,000. Susquehanna Fundamental Investments LLC owned about 0.09% of NMI at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Principal Securities Inc. raised its stake in shares of NMI by 66.5% in the fourth quarter. Principal Securities Inc. now owns 716 shares of the financial services provider's stock worth $26,000 after purchasing an additional 286 shares during the last quarter. Janney Montgomery Scott LLC raised its position in NMI by 2.2% in the 4th quarter. Janney Montgomery Scott LLC now owns 14,883 shares of the financial services provider's stock valued at $547,000 after buying an additional 320 shares during the last quarter. Tealwood Asset Management Inc. lifted its stake in NMI by 1.2% during the 4th quarter. Tealwood Asset Management Inc. now owns 32,192 shares of the financial services provider's stock valued at $1,183,000 after acquiring an additional 376 shares in the last quarter. Atria Investments Inc boosted its holdings in NMI by 5.9% during the 4th quarter. Atria Investments Inc now owns 7,572 shares of the financial services provider's stock worth $278,000 after acquiring an additional 422 shares during the last quarter. Finally, Summit Investment Advisors Inc. boosted its holdings in NMI by 5.6% during the 4th quarter. Summit Investment Advisors Inc. now owns 8,208 shares of the financial services provider's stock worth $302,000 after acquiring an additional 433 shares during the last quarter. Institutional investors own 94.12% of the company's stock.

Insider Activity at NMI

In other NMI news, CEO Adam Pollitzer sold 57,166 shares of the stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $36.54, for a total transaction of $2,088,845.64. Following the sale, the chief executive officer now owns 329,465 shares in the company, valued at $12,038,651.10. This represents a 14.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider William J. Leatherberry sold 13,111 shares of NMI stock in a transaction on Wednesday, April 30th. The shares were sold at an average price of $35.56, for a total value of $466,227.16. Following the completion of the transaction, the insider now owns 163,796 shares of the company's stock, valued at approximately $5,824,585.76. This trade represents a 7.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 111,360 shares of company stock worth $4,042,654. 3.00% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts recently weighed in on NMIH shares. Keefe, Bruyette & Woods dropped their price target on shares of NMI from $43.00 to $42.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 8th. UBS Group decreased their price target on NMI from $42.00 to $41.00 and set a "neutral" rating for the company in a research report on Wednesday, February 19th. JPMorgan Chase & Co. cut their price objective on NMI from $42.00 to $41.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Finally, Barclays lowered NMI from an "overweight" rating to an "equal weight" rating and decreased their target price for the company from $48.00 to $41.00 in a research report on Monday, January 6th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $42.14.

NMI Stock Performance

NASDAQ NMIH traded down $0.22 on Monday, hitting $37.40. 90,331 shares of the stock traded hands, compared to its average volume of 545,171. The firm has a market capitalization of $2.92 billion, a price-to-earnings ratio of 8.44, a PEG ratio of 1.41 and a beta of 0.56. The business's fifty day moving average is $34.93 and its two-hundred day moving average is $36.71. 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 Holdings, Inc. has a 12 month low of $31.59 and a 12 month high of $42.49.

NMI (NASDAQ:NMIH - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The financial services provider reported $1.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.10 by $0.18. The business had revenue of $173.25 million for the quarter, compared to analysts' expectations of $169.04 million. NMI had a return on equity of 17.33% and a net margin of 55.32%. The firm's quarterly revenue was up 10.8% compared to the same quarter last year. During the same period in the previous year, the business posted $1.08 EPS. As a group, equities analysts anticipate that NMI Holdings, Inc. will post 4.62 EPS for the current fiscal year.

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.