CWA Asset Management Group LLC Grows Stake in NMI Holdings Inc (NASDAQ:NMIH)

CWA Asset Management Group LLC increased its stake in shares of NMI Holdings Inc (NASDAQ:NMIH - Free Report) by 30.1% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 32,552 shares of the financial services provider's stock after purchasing an additional 7,526 shares during the period. CWA Asset Management Group LLC's holdings in NMI were worth $1,174,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Sound Income Strategies LLC acquired a new stake in NMI in the 1st quarter worth about $25,000. Opal Wealth Advisors LLC acquired a new position in shares of NMI during the first quarter valued at approximately $33,000. Wealth Enhancement Advisory Services LLC lifted its position in shares of NMI by 90.8% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 11,543 shares of the financial services provider's stock valued at $416,000 after acquiring an additional 5,492 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of 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 worth $73,341,000 after acquiring an additional 844,037 shares during the last quarter. Finally, Integrated Advisors Network LLC acquired a new stake in shares of NMI in the first quarter worth approximately $326,000. 94.12% of the stock is owned by hedge funds and other institutional investors.

NMI Stock Up 1.9%

Shares of NASDAQ:NMIH opened at $40.38 on Friday. NMI Holdings Inc has a 52-week low of $31.90 and a 52-week high of $42.49. The stock has a market cap of $3.15 billion, a P/E ratio of 8.72, a PEG ratio of 1.37 and a beta of 0.55. The business has a fifty day moving average of $37.43 and a two-hundred day moving average of $36.79. 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 quarterly earnings data on Tuesday, April 29th. The financial services provider reported $1.28 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $173.25 million during the quarter, compared to analysts' expectations of $169.04 million. During the same period last year, the business earned $1.08 earnings per share. NMI's revenue was up 10.8% compared to the same quarter last year. On average, research analysts expect that NMI Holdings Inc will post 4.62 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms recently commented on NMIH. Wall Street Zen raised NMI from a "hold" rating to a "buy" rating in a research note on Monday, May 5th. Compass Point reaffirmed a "buy" rating and set a $37.00 target price (up previously from $34.00) on shares of NMI in a report on Friday, May 23rd. JPMorgan Chase & Co. decreased their price target on shares of NMI from $42.00 to $41.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Finally, 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 research report on Tuesday, April 8th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, NMI currently has an average rating of "Moderate Buy" and an average target price of $42.29.

Insider Activity

In other news, Director Michael Curry Montgomery sold 1,875 shares of the stock in a transaction on 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 in the company, valued at approximately $2,513,887.40. This represents a 2.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider William J. Leatherberry sold 13,111 shares of the firm's stock in a transaction dated Wednesday, April 30th. The stock was sold at an average price of $35.56, for a total value of $466,227.16. Following the sale, the insider now directly owns 163,796 shares of the company's stock, valued at $5,824,585.76. The trade was a 7.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 113,697 shares of company stock valued at $4,210,337 in the last 90 days. Company insiders own 3.00% of the company's stock.

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.

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