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

EP Wealth Advisors LLC bought a new stake in NMI Holdings Inc (NASDAQ:NMIH - Free Report) in the 1st quarter, according to its most recent 13F filing with the SEC. The firm bought 9,428 shares of the financial services provider's stock, valued at approximately $340,000.

Several other large investors also recently made changes to their positions in NMIH. Nuveen LLC acquired a new stake in shares of NMI in the 1st quarter valued at about $44,886,000. Assenagon Asset Management S.A. grew its stake in shares of NMI by 70.9% in the 1st 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. Public Sector Pension Investment Board grew its stake in shares of NMI by 176.2% in the 1st quarter. Public Sector Pension Investment Board now owns 544,723 shares of the financial services provider's stock valued at $19,637,000 after buying an additional 347,524 shares during the period. Aberdeen Group plc boosted its stake in NMI by 134.2% during the 1st quarter. Aberdeen Group plc now owns 517,515 shares of the financial services provider's stock valued at $18,656,000 after purchasing an additional 296,557 shares during the last quarter. Finally, Cubist Systematic Strategies LLC boosted its stake in NMI by 270.6% during the 1st quarter. Cubist Systematic Strategies LLC now owns 260,763 shares of the financial services provider's stock valued at $9,401,000 after purchasing an additional 190,397 shares during the last quarter. 94.12% of the stock is currently owned by institutional investors and hedge funds.

NMI Stock Performance

NMIH stock traded up $0.15 during midday trading on Wednesday, reaching $39.63. 383,998 shares of the company's stock traded hands, compared to its average volume of 549,362. The company has a 50-day moving average price of $39.12 and a two-hundred day moving average price of $37.74. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.74 and a current ratio of 0.74. NMI Holdings Inc has a 52 week low of $31.90 and a 52 week high of $43.20. The firm has a market capitalization of $3.07 billion, a PE ratio of 8.41, a price-to-earnings-growth ratio of 1.15 and a beta of 0.55.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on NMIH shares. Compass Point reiterated a "buy" rating and set a $37.00 price target (up previously from $34.00) on shares of NMI in a research note on Friday, May 23rd. Wall Street Zen downgraded NMI from a "buy" rating to a "hold" rating in a research note on Saturday, July 12th. JPMorgan Chase & Co. lifted their price target on NMI from $41.00 to $44.00 and gave the company an "overweight" rating in a research note on Friday, July 11th. Keefe, Bruyette & Woods cut shares of NMI from an "outperform" rating to a "market perform" rating and lifted their target price for the stock from $42.00 to $43.00 in a research report on Monday, July 7th. Finally, Barclays lifted their target price on shares of NMI from $41.00 to $42.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 8th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, NMI has a consensus rating of "Moderate Buy" and a consensus price target of $42.33.

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.