NMI Holdings, Inc. (NASDAQ:NMIH) Position Boosted by Algert Global LLC

Algert Global LLC lifted its holdings in NMI Holdings, Inc. (NASDAQ:NMIH - Free Report) by 42.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 202,739 shares of the financial services provider's stock after acquiring an additional 60,598 shares during the quarter. Algert Global LLC owned 0.26% of NMI worth $7,453,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Principal Securities Inc. lifted its holdings in shares of NMI by 66.5% during 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 during the last quarter. Smartleaf Asset Management LLC boosted its position in NMI by 288.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,868 shares of the financial services provider's stock worth $69,000 after purchasing an additional 1,387 shares during the last quarter. Covestor Ltd increased its holdings in NMI by 601.1% during the fourth quarter. Covestor Ltd now owns 1,893 shares of the financial services provider's stock valued at $70,000 after buying an additional 1,623 shares during the last quarter. Sterling Capital Management LLC raised its holdings in NMI by 786.1% in the 4th quarter. Sterling Capital Management LLC now owns 2,295 shares of the financial services provider's stock worth $84,000 after purchasing an additional 2,036 shares during the period. Finally, KBC Group NV grew its stake in shares of NMI by 38.3% during the 4th quarter. KBC Group NV now owns 3,221 shares of the financial services provider's stock valued at $118,000 after acquiring an additional 892 shares during the period. Hedge funds and other institutional investors own 94.12% of the company's stock.

NMI Stock Performance

NASDAQ:NMIH traded up $0.27 during mid-day trading on Wednesday, reaching $38.24. 592,666 shares of the stock were exchanged, compared to its average volume of 545,574. The company has a quick ratio of 0.83, a current ratio of 0.60 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $2.99 billion, a P/E ratio of 8.63, a P/E/G ratio of 1.41 and a beta of 0.56. The company has a 50 day simple moving average of $35.01 and a 200-day simple moving average of $36.69. NMI Holdings, Inc. has a 1 year low of $31.59 and a 1 year high of $42.49.

NMI (NASDAQ:NMIH - Get Free Report) last released its earnings results on Tuesday, April 29th. The financial services provider reported $1.28 EPS for the quarter, topping the consensus estimate of $1.10 by $0.18. The company had revenue of $173.25 million during the quarter, compared to analysts' expectations of $169.04 million. NMI had a net margin of 55.32% and a return on equity of 17.33%. The business's revenue was up 10.8% on a year-over-year basis. During the same quarter last year, the business earned $1.08 EPS. Analysts anticipate that NMI Holdings, Inc. will post 4.62 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. reduced their target price on NMI from $42.00 to $41.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. StockNews.com raised shares of NMI from a "hold" rating to a "buy" rating in a research note on Monday. Keefe, Bruyette & Woods decreased their target price on NMI from $43.00 to $42.00 and set an "outperform" rating for the company in a research report on Tuesday, April 8th. Finally, UBS Group reduced their target price 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. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $42.14.

Insider Buying and Selling at NMI

In other NMI news, EVP Robert Owen Smith sold 20,000 shares of the stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $36.58, for a total transaction of $731,600.00. Following the transaction, the executive vice president now owns 84,566 shares of the company's stock, valued at $3,093,424.28. This trade represents a 19.13 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Adam Pollitzer sold 57,166 shares of the business's stock in a transaction that occurred 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 of the company's stock, valued at approximately $12,038,651.10. This represents a 14.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 111,360 shares of company stock worth $4,042,654. 3.00% of the stock is 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.