30,714 Shares in NMI Holdings Inc (NASDAQ:NMIH) Purchased by Advisor Resource Council

Advisor Resource Council purchased a new position in shares of NMI Holdings Inc (NASDAQ:NMIH - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 30,714 shares of the financial services provider's stock, valued at approximately $1,071,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Sound Income Strategies LLC purchased a new stake in shares of NMI in the 1st quarter valued at $25,000. Principal Securities Inc. raised its position in NMI by 66.5% in the 4th 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 period. Opal Wealth Advisors LLC bought a new stake in NMI in the first quarter worth $33,000. GAMMA Investing LLC boosted its position in NMI by 104.2% during the first quarter. GAMMA Investing LLC now owns 1,564 shares of the financial services provider's stock valued at $56,000 after buying an additional 798 shares during the period. Finally, Smartleaf Asset Management LLC grew 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 buying an additional 1,387 shares during the last quarter. Institutional investors own 94.12% of the company's stock.

NMI Trading Down 0.7%

Shares of NMIH traded down $0.31 during mid-day trading on Wednesday, hitting $41.81. 393,755 shares of the company's stock traded hands, compared to its average volume of 560,130. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $3.27 billion, a P/E ratio of 9.03, a PEG ratio of 1.43 and a beta of 0.55. The business's 50-day moving average price is $38.05 and its 200-day moving average price is $36.85. NMI Holdings Inc has a 1 year low of $31.90 and a 1 year high of $42.49.

NMI (NASDAQ:NMIH - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The financial services provider reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.18. NMI had a net margin of 55.93% and a return on equity of 17.27%. The business had revenue of $173.25 million for the quarter, compared to analysts' expectations of $169.04 million. During the same quarter in the previous year, the business posted $1.08 earnings per share. The firm's revenue for the quarter was up 10.8% compared to the same quarter last year. As a group, sell-side analysts forecast that NMI Holdings Inc will post 4.62 EPS for the current fiscal year.

Analyst Ratings Changes

NMIH has been the subject of a number of recent research reports. Wall Street Zen raised NMI from a "hold" rating to a "buy" rating in a research note on Monday, May 5th. JPMorgan Chase & Co. decreased their price target on NMI from $42.00 to $41.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Compass Point reissued a "buy" rating and set a $37.00 price objective (up previously from $34.00) on shares of NMI in a research note on Friday, May 23rd. Finally, Keefe, Bruyette & Woods cut their target price 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. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $42.29.

Insider Transactions at NMI

In other news, EVP Robert Owen Smith sold 20,000 shares of the stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $36.58, for a total value of $731,600.00. Following the completion of the transaction, the executive vice president now owns 84,566 shares of the company's stock, valued at approximately $3,093,424.28. This represents a 19.13% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Bradley M. Shuster sold 21,545 shares of NMI stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $39.56, for a total value of $852,320.20. Following the sale, the chairman now owns 409,792 shares in the company, valued at $16,211,371.52. This represents a 4.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 113,697 shares of company stock valued at $4,210,337. Company insiders own 3.00% of the company's stock.

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.