Clark Capital Management Group Inc. Grows Holdings in NMI Holdings, Inc. (NASDAQ:NMIH)

Clark Capital Management Group Inc. grew its holdings in NMI Holdings, Inc. (NASDAQ:NMIH - Free Report) by 85.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 131,403 shares of the financial services provider's stock after purchasing an additional 60,394 shares during the quarter. Clark Capital Management Group Inc. owned approximately 0.17% of NMI worth $4,830,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of NMIH. Vanguard Group Inc. grew its position in NMI by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 7,158,877 shares of the financial services provider's stock worth $263,160,000 after purchasing an additional 39,503 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of NMI by 8.0% during the fourth quarter. American Century Companies Inc. now owns 1,957,179 shares of the financial services provider's stock worth $71,946,000 after purchasing an additional 145,591 shares during the last quarter. Donald Smith & CO. Inc. raised its holdings in shares of NMI by 34.8% during the fourth quarter. Donald Smith & CO. Inc. now owns 1,307,868 shares of the financial services provider's stock worth $48,077,000 after purchasing an additional 337,996 shares during the last quarter. Capital World Investors raised its holdings in shares of NMI by 21.1% during the fourth quarter. Capital World Investors now owns 1,150,000 shares of the financial services provider's stock worth $42,274,000 after purchasing an additional 200,000 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of NMI by 1.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,075,428 shares of the financial services provider's stock worth $39,533,000 after purchasing an additional 11,347 shares during the last quarter. Institutional investors own 94.12% of the company's stock.

Insider Buying and Selling at NMI

In related news, EVP Mohammad Nawaz Yousaf sold 1,083 shares of the business's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $35.44, for a total value of $38,381.52. Following the sale, the executive vice president now directly owns 49,218 shares in the company, valued at $1,744,285.92. The trade was a 2.15% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Adam Pollitzer sold 57,166 shares of the business's stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $36.54, for a total transaction of $2,088,845.64. Following the completion of the transaction, the chief executive officer now directly owns 329,465 shares of the company's stock, valued at $12,038,651.10. The trade was a 14.79% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 111,360 shares of company stock valued at $4,042,654. 3.00% of the stock is owned by company insiders.

NMI Stock Performance

NMIH traded up $0.32 during trading on Monday, hitting $38.20. The stock had a trading volume of 633,811 shares, compared to its average volume of 543,095. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.83 and a current ratio of 0.60. The firm has a market capitalization of $2.98 billion, a P/E ratio of 8.62, a PEG ratio of 1.41 and a beta of 0.56. The company's 50-day moving average price is $35.13 and its 200 day moving average price is $36.65. NMI Holdings, Inc. has a twelve month low of $31.59 and a twelve 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 the consensus estimate of $1.10 by $0.18. The company had revenue of $173.25 million for 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%. NMI's revenue was up 10.8% compared to the same quarter last year. During the same period in the previous year, the company posted $1.08 EPS. On average, equities research analysts forecast that NMI Holdings, Inc. will post 4.62 EPS for the current fiscal year.

Wall Street Analyst Weigh In

NMIH has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. lowered their price target on shares of 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 report on Monday, May 5th. Keefe, Bruyette & Woods lowered 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. Finally, UBS Group lowered their price target on shares of NMI from $42.00 to $41.00 and set a "neutral" rating on the stock in a report on Wednesday, February 19th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, NMI currently has an average rating of "Moderate Buy" and an average price target of $43.17.

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.