NMI Holdings Inc (NASDAQ:NMIH) Shares Acquired by CWA Asset Management Group LLC

CWA Asset Management Group LLC grew its position in shares of NMI Holdings Inc (NASDAQ:NMIH - Free Report) by 30.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor 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 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Assetmark Inc. lifted its holdings in shares of NMI by 12.6% in the 4th quarter. Assetmark Inc. now owns 88,010 shares of the financial services provider's stock valued at $3,235,000 after acquiring an additional 9,842 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in NMI by 1.1% in 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. GAMMA Investing LLC increased its position in shares of NMI by 7,260.6% during the first quarter. GAMMA Investing LLC now owns 56,382 shares of the financial services provider's stock worth $2,033,000 after acquiring an additional 55,616 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in shares of NMI by 5.7% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 6,051 shares of the financial services provider's stock worth $222,000 after acquiring an additional 325 shares during the period. Finally, Integrated Advisors Network LLC purchased a new position in shares of NMI during the first quarter worth approximately $326,000. Hedge funds and other institutional investors own 94.12% of the company's stock.

Analysts Set New Price Targets

NMIH has been the topic of a number of research reports. JPMorgan Chase & Co. reduced their target price on shares of NMI from $42.00 to $41.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Wall Street Zen raised shares of NMI from a "hold" rating to a "buy" rating in a research report on Monday, May 5th. Keefe, Bruyette & Woods reduced their target price 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. Finally, Compass Point reaffirmed a "buy" rating and set a $37.00 target price (up from $34.00) on shares of NMI in a research report 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. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $42.29.

NMI Stock Up 2.5%

NASDAQ:NMIH traded up $1.03 during trading hours on Monday, reaching $41.88. The company's stock had a trading volume of 426,468 shares, compared to its average volume of 557,948. The company has a market capitalization of $3.27 billion, a P/E ratio of 9.05, a price-to-earnings-growth ratio of 1.38 and a beta of 0.55. NMI Holdings Inc has a 12 month low of $31.90 and a 12 month high of $42.49. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.74 and a current ratio of 0.74. The stock has a 50 day moving average price of $37.72 and a two-hundred day moving average price of $36.78.

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

Insider Buying and Selling

In other NMI news, CEO Adam Pollitzer sold 57,166 shares of NMI stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $36.54, for a total value of $2,088,845.64. Following the transaction, the chief executive officer now directly owns 329,465 shares of the company's stock, valued at approximately $12,038,651.10. The trade was a 14.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Bradley M. Shuster sold 21,545 shares of the company's stock in a transaction on 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 directly owns 409,792 shares in the company, valued at approximately $16,211,371.52. The trade was a 4.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 113,697 shares of company stock valued at $4,210,337 over the last 90 days. Corporate 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.