Bridges Investment Management Inc. Buys 23,834 Shares of NMI Holdings Inc (NASDAQ:NMIH)

Bridges Investment Management Inc. raised its holdings in NMI Holdings Inc (NASDAQ:NMIH - Free Report) by 111.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 45,241 shares of the financial services provider's stock after acquiring an additional 23,834 shares during the quarter. Bridges Investment Management Inc. owned about 0.06% of NMI worth $1,631,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of NMIH. Vanguard Group Inc. boosted its position in shares of NMI by 0.6% in 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. Assenagon Asset Management S.A. lifted its stake in NMI by 70.9% in the first quarter. Assenagon Asset Management S.A. now owns 2,034,419 shares of the financial services provider's stock valued at $73,341,000 after buying an additional 844,037 shares during the period. American Century Companies Inc. boosted its holdings in 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 buying an additional 145,591 shares during the last quarter. Donald Smith & CO. Inc. grew its position in shares of NMI by 34.8% during the 4th quarter. Donald Smith & CO. Inc. now owns 1,307,868 shares of the financial services provider's stock worth $48,077,000 after buying an additional 337,996 shares during the period. Finally, Nuveen Asset Management LLC increased its stake in shares of NMI by 0.4% in the 4th quarter. Nuveen Asset Management LLC now owns 1,290,675 shares of the financial services provider's stock valued at $47,445,000 after acquiring an additional 4,570 shares during the last quarter. Institutional investors and hedge funds own 94.12% of the company's stock.

Insiders Place Their Bets

In related news, insider William J. Leatherberry sold 13,111 shares of the stock in a transaction on Wednesday, April 30th. The shares were sold at an average price of $35.56, for a total transaction of $466,227.16. Following the completion of the transaction, the insider owned 163,796 shares in the company, valued at approximately $5,824,585.76. This represents a 7.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Robert Owen Smith sold 20,000 shares of the firm's stock in a transaction 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 completion of the transaction, the executive vice president directly owned 84,566 shares of the company's stock, valued at approximately $3,093,424.28. This trade represents a 19.13% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 113,697 shares of company stock worth $4,210,337 in the last 90 days. Company insiders own 3.00% of the company's stock.

NMI Stock Down 1.8%

Shares of NASDAQ:NMIH traded down $0.69 during midday trading on Friday, reaching $37.90. 587,294 shares of the company were exchanged, compared to its average volume of 559,060. The firm has a market cap of $2.96 billion, a PE ratio of 8.19, a P/E/G ratio of 1.28 and a beta of 0.55. NMI Holdings Inc has a fifty-two week low of $31.90 and a fifty-two week high of $43.20. The stock has a fifty day simple moving average of $39.74 and a two-hundred day simple moving average of $37.18. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.18.

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 (EPS) for the quarter, topping analysts' consensus estimates 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 revenue was up 10.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.08 EPS. As a group, sell-side analysts forecast that NMI Holdings Inc will post 4.62 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Keefe, Bruyette & Woods lowered shares of NMI from an "outperform" rating to a "market perform" rating and lifted their price objective for the stock from $42.00 to $43.00 in a research note on Monday, July 7th. Compass Point reissued a "buy" rating and set a $37.00 price target (up from $34.00) on shares of NMI in a research report on Friday, May 23rd. Barclays boosted their price target on shares of NMI from $41.00 to $42.00 and gave the company an "equal weight" rating in a report on Tuesday, July 8th. Wall Street Zen downgraded NMI from a "buy" rating to a "hold" rating in a research note on Saturday. Finally, JPMorgan Chase & Co. boosted their target price on NMI from $41.00 to $44.00 and gave the company an "overweight" rating in a research note on Friday. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, NMI currently has an average rating of "Moderate Buy" and an average target price of $43.00.

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.