Deutsche Bank AG Has $7.21 Million Position in NMI Holdings Inc $NMIH

Key Points

• Deutsche Bank AG increased its stake in NMI Holdings Inc by 38.2% during the first quarter, owning 199,915 shares valued at approximately $7.21 million.
• NMI Holdings reported a quarterly EPS of $1.22, exceeding analysts' expectations of $1.16, while revenue for the quarter reached $149.07 million, below the expected $173.39 million.
• Institutional investors and hedge funds control a significant 94.12% of NMI Holdings' stock, indicating strong market confidence in the company.

Deutsche Bank AG raised its stake in NMI Holdings Inc (NASDAQ:NMIH - Free Report) by 38.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 199,915 shares of the financial services provider's stock after buying an additional 55,268 shares during the quarter. Deutsche Bank AG owned about 0.26% of NMI worth $7,207,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sound Income Strategies LLC acquired a new position in shares of NMI in the first quarter valued at approximately $25,000. Opal Wealth Advisors LLC acquired a new position in shares of NMI in the first quarter valued at approximately $33,000. Neo Ivy Capital Management acquired a new position in shares of NMI in the first quarter valued at approximately $47,000. GAMMA Investing LLC boosted its holdings 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 buying an additional 798 shares during the period. Finally, Sterling Capital Management LLC boosted its holdings in shares of NMI by 786.1% in the fourth quarter. Sterling Capital Management LLC now owns 2,295 shares of the financial services provider's stock valued at $84,000 after buying an additional 2,036 shares during the period. Institutional investors and hedge funds own 94.12% of the company's stock.

NMI Stock Up 0.3%

Shares of NMIH stock traded up $0.12 during trading on Wednesday, reaching $39.30. The company's stock had a trading volume of 269,015 shares, compared to its average volume of 433,542. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.17. The business has a fifty day moving average price of $39.59 and a 200-day moving average price of $37.42. NMI Holdings Inc has a one year low of $31.90 and a one year high of $43.20. The company has a market cap of $3.05 billion, a price-to-earnings ratio of 8.34, a price-to-earnings-growth ratio of 1.13 and a beta of 0.57.

NMI (NASDAQ:NMIH - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The financial services provider reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.06. NMI had a net margin of 55.57% and a return on equity of 16.51%. The firm had revenue of $149.07 million for the quarter, compared to analyst estimates of $173.39 million. During the same period in the prior year, the firm posted $1.20 earnings per share. The company's quarterly revenue was up 7.2% compared to the same quarter last year. Analysts anticipate that NMI Holdings Inc will post 4.62 earnings per share for the current year.

Insider Transactions at NMI

In other NMI news, Chairman Bradley M. Shuster sold 21,545 shares of the company's stock in a transaction on Friday, June 6th. The shares were sold at an average price of $39.56, for a total transaction of $852,320.20. Following the sale, the chairman directly owned 409,792 shares of the company's stock, valued at approximately $16,211,371.52. This represents a 4.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 3.00% of the company's stock.

Analyst Upgrades and Downgrades

NMIH has been the subject of several research analyst reports. Barclays upped 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. Keefe, Bruyette & Woods cut shares of NMI from an "outperform" rating to a "market perform" rating and upped their price target for the company from $42.00 to $43.00 in a report on Monday, July 7th. Compass Point reiterated a "buy" rating and issued a $37.00 price target (up previously from $34.00) on shares of NMI in a report on Friday, May 23rd. JPMorgan Chase & Co. boosted their price objective on shares of NMI from $41.00 to $44.00 and gave the stock an "overweight" rating in a research report on Friday, July 11th. Finally, Wall Street Zen lowered shares of NMI from a "buy" rating to a "hold" rating in a research report on Saturday, July 12th. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $42.33.

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.