EP Wealth Advisors LLC Takes $340,000 Position in NMI Holdings Inc $NMIH

EP Wealth Advisors LLC bought a new stake in shares of NMI Holdings Inc (NASDAQ:NMIH - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 9,428 shares of the financial services provider's stock, valued at approximately $340,000.

A number of other large investors also recently made changes to their positions in NMIH. Xponance Inc. boosted its holdings in shares of NMI by 5.0% during the first quarter. Xponance Inc. now owns 5,917 shares of the financial services provider's stock worth $213,000 after purchasing an additional 281 shares during the period. Covestor Ltd boosted its stake in shares of NMI by 15.7% during the 1st quarter. Covestor Ltd now owns 2,190 shares of the financial services provider's stock valued at $79,000 after buying an additional 297 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in shares of NMI by 5.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 6,051 shares of the financial services provider's stock valued at $222,000 after acquiring an additional 325 shares in the last quarter. Cetera Investment Advisers increased its stake in shares of NMI by 5.7% in the first quarter. Cetera Investment Advisers now owns 6,347 shares of the financial services provider's stock worth $229,000 after acquiring an additional 341 shares during the last quarter. Finally, Hohimer Wealth Management LLC raised its holdings in shares of NMI by 5.6% during the first quarter. Hohimer Wealth Management LLC now owns 6,493 shares of the financial services provider's stock worth $234,000 after acquiring an additional 344 shares in the last quarter. Institutional investors and hedge funds own 94.12% of the company's stock.

NMI Stock Performance

Shares of NMIH stock traded down $0.66 during trading on Friday, reaching $39.68. The company had a trading volume of 240,103 shares, compared to its average volume of 302,005. The firm's 50 day simple moving average is $38.93 and its two-hundred day simple moving average is $37.81. NMI Holdings Inc has a one year low of $31.90 and a one year high of $43.20. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.74 and a quick ratio of 0.74. The company has a market capitalization of $3.08 billion, a PE ratio of 8.42, a PEG ratio of 1.17 and a beta of 0.55.

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

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Compass Point restated a "buy" rating and issued a $37.00 target price (up previously from $34.00) on shares of NMI in a research note on Friday, May 23rd. Barclays lifted their price target on 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 cut NMI from a "buy" rating to a "hold" rating in a research note on Saturday, July 12th. Keefe, Bruyette & Woods lowered shares of NMI from an "outperform" rating to a "market perform" rating and raised their price objective for the company from $42.00 to $43.00 in a research report on Monday, July 7th. Finally, JPMorgan Chase & Co. boosted their target price 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. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, NMI has an average rating of "Moderate Buy" and a consensus target price of $42.33.

About NMI

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.