Advisor Resource Council Invests $1.07 Million in NMI Holdings Inc (NASDAQ:NMIH)

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

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Sound Income Strategies LLC bought a new stake in NMI in the 1st quarter valued at $25,000. Principal Securities Inc. increased its position in NMI by 66.5% during the 4th quarter. Principal Securities Inc. now owns 716 shares of the financial services provider's stock worth $26,000 after buying an additional 286 shares during the period. Opal Wealth Advisors LLC acquired a new stake in shares of NMI during the first quarter worth $33,000. GAMMA Investing LLC boosted its position in shares of NMI by 104.2% in the first quarter. GAMMA Investing LLC now owns 1,564 shares of the financial services provider's stock valued at $56,000 after acquiring an additional 798 shares during the period. Finally, Smartleaf Asset Management LLC grew its stake in shares of NMI by 288.4% in 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 in the last quarter. Institutional investors and hedge funds own 94.12% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Keefe, Bruyette & Woods dropped their price objective on shares of NMI from $43.00 to $42.00 and set an "outperform" rating for the company in a research note on Tuesday, April 8th. Wall Street Zen upgraded shares of NMI from a "hold" rating to a "buy" rating in a research report on Monday, May 5th. JPMorgan Chase & Co. dropped their price target on shares of NMI from $42.00 to $41.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Finally, Compass Point reiterated a "buy" rating and issued a $37.00 price target (up from $34.00) on shares of NMI in a research note on Friday, May 23rd. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $42.29.

Insider Transactions at NMI

In other NMI news, Chairman Bradley M. Shuster sold 21,545 shares of NMI stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $39.56, for a total value of $852,320.20. Following the transaction, the chairman now owns 409,792 shares in the company, valued at $16,211,371.52. The trade was a 4.99% 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, Director Michael Curry Montgomery sold 1,875 shares of the stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $38.05, for a total transaction of $71,343.75. Following the completion of the transaction, the director now directly owns 66,068 shares of the company's stock, valued at $2,513,887.40. This trade represents a 2.76% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 113,697 shares of company stock valued at $4,210,337. Corporate insiders own 3.00% of the company's stock.

NMI Stock Performance

Shares of NMI stock opened at $40.85 on Friday. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.18. The company has a market cap of $3.19 billion, a PE ratio of 8.82, a price-to-earnings-growth ratio of 1.38 and a beta of 0.55. The company has a 50 day moving average of $37.57 and a 200-day moving average of $36.78. 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 earnings results on Tuesday, April 29th. The financial services provider reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.18. The firm had revenue of $173.25 million during the quarter, compared to analysts' expectations of $169.04 million. NMI had a return on equity of 17.27% and a net margin of 55.93%. The company's quarterly revenue was up 10.8% on a year-over-year basis. During the same period in the prior year, the company earned $1.08 earnings per share. As a group, equities research analysts forecast that NMI Holdings Inc will post 4.62 earnings per share for the current fiscal year.

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.

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