Financiere des Professionnels Fonds d investissement inc. Takes Position in NMI Holdings Inc $NMIH

Key Points

• Financiere des Professionnels Fonds d investissement inc. has acquired a new position in NMI Holdings Inc., purchasing 6,416 shares valued at approximately $271,000.
• Institutional ownership in NMI is significant, with 94.12% of the stock owned by institutional investors and hedge funds, indicating strong backing for the company.
• Analysts have mixed ratings on NMI, with a consensus rating of "Moderate Buy" and an average target price of $42.33, reflecting varying expectations for its stock performance.

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

Other large investors also recently bought and sold shares of the company. Sound Income Strategies LLC acquired a new position in NMI in the 1st quarter worth about $25,000. Opal Wealth Advisors LLC acquired a new position in NMI in the 1st quarter worth about $33,000. Neo Ivy Capital Management acquired a new position in NMI in the 1st quarter worth about $47,000. Caitong International Asset Management Co. Ltd acquired a new position in NMI in the 1st quarter worth about $48,000. Finally, Quarry LP raised its holdings in NMI by 89.3% in the 1st quarter. Quarry LP now owns 1,482 shares of the financial services provider's stock worth $53,000 after purchasing an additional 699 shares during the period. Institutional investors and hedge funds own 94.12% of the company's stock.

NMI Price Performance

Shares of NASDAQ:NMIH traded up $0.40 during midday trading on Tuesday, hitting $39.23. The company had a trading volume of 93,183 shares, compared to its average volume of 540,848. The business's 50-day simple moving average is $38.87 and its 200-day simple moving average is $37.96. 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 stock has a market cap of $3.04 billion, a price-to-earnings ratio of 8.33, a price-to-earnings-growth ratio of 1.14 and a beta of 0.55. 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 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. The company had revenue of $149.07 million during the quarter, compared to analysts' expectations of $173.39 million. NMI had a return on equity of 16.51% and a net margin of 55.57%.The firm's quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.20 earnings per share. On average, research analysts predict that NMI Holdings Inc will post 4.62 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Keefe, Bruyette & Woods cut NMI from an "outperform" rating to a "market perform" rating and upped their price target for the stock from $42.00 to $43.00 in a report on Monday, July 7th. Wall Street Zen cut NMI from a "buy" rating to a "hold" rating in a report on Saturday, July 12th. Barclays upped their price target on NMI from $41.00 to $42.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 8th. Finally, JPMorgan Chase & Co. upped their price target on NMI from $41.00 to $44.00 and gave the stock an "overweight" rating in a report on Friday, July 11th. 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, the company has an average rating of "Moderate Buy" and a consensus target price of $42.33.

Insider Transactions at NMI

In other NMI news, Director Steven Scheid sold 19,926 shares of the firm's stock in a transaction on Monday, September 15th. The stock was sold at an average price of $39.31, for a total transaction of $783,291.06. Following the completion of the sale, the director owned 78,960 shares of the company's stock, valued at $3,103,917.60. This trade represents a 20.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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.