Financiere des Professionnels Fonds d investissement inc. Buys New Holdings in NMI Holdings Inc $NMIH

Key Points

• Financiere des Professionnels Fonds d investissement inc. made a new investment of approximately $271,000 in NMI Holdings Inc by acquiring 6,416 shares in the second quarter.
• Insider trading activity included Director Steven Scheid selling 19,926 shares at an average price of $39.31, leading to a 20.15% decrease in his ownership position.
• As of the latest reports, NMI's average stock price target is $42.33, with several analysts rating it as a "Moderate Buy."

Financiere des Professionnels Fonds d investissement inc. acquired a new position in NMI Holdings Inc (NASDAQ:NMIH - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 6,416 shares of the financial services provider's stock, valued at approximately $271,000.

Several other large investors have also recently made changes to their positions in the stock. Cetera Investment Advisers boosted its holdings in NMI by 8.6% in the fourth quarter. Cetera Investment Advisers now owns 6,006 shares of the financial services provider's stock worth $221,000 after acquiring an additional 476 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of NMI by 4.0% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 44,654 shares of the financial services provider's stock valued at $1,641,000 after buying an additional 1,712 shares during the last quarter. Quantinno Capital Management LP acquired a new position in NMI in the fourth quarter valued at approximately $213,000. ProShare Advisors LLC boosted its holdings in NMI by 44.3% during the fourth quarter. ProShare Advisors LLC now owns 23,658 shares of the financial services provider's stock worth $870,000 after buying an additional 7,265 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of NMI by 23.0% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 163,780 shares of the financial services provider's stock worth $6,021,000 after acquiring an additional 30,607 shares in the last quarter. 94.12% of the stock is owned by institutional investors.

NMI Trading Down 1.6%

NASDAQ NMIH traded down $0.63 during trading on Monday, hitting $38.83. The stock had a trading volume of 383,161 shares, compared to its average volume of 336,451. 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 company has a market capitalization of $3.01 billion, a PE ratio of 8.24, a PEG ratio of 1.14 and a beta of 0.55. The firm has a 50 day moving average price of $38.87 and a 200 day moving average price of $37.96. NMI Holdings Inc has a twelve month low of $31.90 and a twelve month high of $43.20.

NMI (NASDAQ:NMIH - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $1.22 EPS for the quarter, beating 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 business had revenue of $149.07 million during the quarter, compared to analyst estimates of $173.39 million. During the same quarter last year, the firm posted $1.20 earnings per share. The business's revenue for the quarter was up 7.2% compared to the same quarter last year. As a group, equities research analysts forecast that NMI Holdings Inc will post 4.62 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Keefe, Bruyette & Woods lowered shares of NMI from an "outperform" rating to a "market perform" rating and boosted their price target for the stock from $42.00 to $43.00 in a report on Monday, July 7th. JPMorgan Chase & Co. lifted their price objective on NMI from $41.00 to $44.00 and gave the stock an "overweight" rating in a research report on Friday, July 11th. Barclays increased their price target on shares of NMI from $41.00 to $42.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 8th. Finally, Wall Street Zen downgraded NMI from a "buy" rating to a "hold" rating in a research report on Saturday, July 12th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, NMI presently has a consensus rating of "Moderate Buy" and a consensus price target of $42.33.

Insider Activity at NMI

In other news, Director Steven Scheid sold 19,926 shares of the stock in a transaction on Monday, September 15th. The stock was sold at an average price of $39.31, for a total value of $783,291.06. Following the sale, the director directly owned 78,960 shares in the company, valued at approximately $3,103,917.60. This trade represents a 20.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.00% of the stock is currently owned by company insiders.

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.