Captrust Financial Advisors Buys Shares of 156,325 NMI Holdings, Inc. (NASDAQ:NMIH)

Captrust Financial Advisors bought a new stake 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 156,325 shares of the financial services provider's stock, valued at approximately $5,747,000. Captrust Financial Advisors owned approximately 0.20% of NMI as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Principal Securities Inc. raised its stake in NMI by 66.5% during the fourth quarter. Principal Securities Inc. now owns 716 shares of the financial services provider's stock worth $26,000 after acquiring an additional 286 shares during the period. Smartleaf Asset Management LLC increased its stake in shares of NMI by 288.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,868 shares of the financial services provider's stock valued at $69,000 after acquiring an additional 1,387 shares during the period. Covestor Ltd lifted its holdings in shares of NMI by 601.1% in 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 period. Sterling Capital Management LLC grew its stake in shares of 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 last quarter. Finally, KBC Group NV grew its position in NMI by 38.3% in the fourth quarter. KBC Group NV now owns 3,221 shares of the financial services provider's stock worth $118,000 after buying an additional 892 shares during the last quarter. Institutional investors own 94.12% of the company's stock.

Insiders Place Their Bets

In other news, EVP Mohammad Nawaz Yousaf sold 1,083 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $35.44, for a total transaction of $38,381.52. Following the sale, the executive vice president now owns 49,218 shares in the company, valued at approximately $1,744,285.92. This represents a 2.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Adam Pollitzer sold 57,166 shares of the company's stock in a transaction dated 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 transaction, the chief executive officer now owns 329,465 shares in the company, valued at approximately $12,038,651.10. This trade represents a 14.79% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 111,360 shares of company stock worth $4,042,654. 3.00% of the stock is currently owned by company insiders.

NMI Stock Performance

NMIH traded down $0.20 during midday trading on Tuesday, reaching $38.00. The company's stock had a trading volume of 420,103 shares, compared to its average volume of 542,605. NMI Holdings, Inc. has a twelve month low of $31.59 and a twelve month high of $42.49. The company has a current ratio of 0.60, a quick ratio of 0.83 and a debt-to-equity ratio of 0.19. The stock has a market cap of $2.97 billion, a P/E ratio of 8.58, a PEG ratio of 1.41 and a beta of 0.56. The company has a fifty day simple moving average of $35.18 and a 200 day simple moving average of $36.64.

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

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. StockNews.com upgraded shares of NMI from a "hold" rating to a "buy" rating in a research report on Monday, May 5th. Keefe, Bruyette & Woods cut their price target on shares of NMI from $43.00 to $42.00 and set an "outperform" rating on the stock in a report on Tuesday, April 8th. JPMorgan Chase & Co. lowered their target price on shares of NMI from $42.00 to $41.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Finally, UBS Group reduced 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. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, NMI currently has a consensus rating of "Moderate Buy" and a consensus target price of $43.17.

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.