KLP Kapitalforvaltning AS Increases Stock Holdings in NMI Holdings Inc $NMIH

KLP Kapitalforvaltning AS increased its holdings in NMI Holdings Inc (NASDAQ:NMIH - Free Report) by 33.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 37,100 shares of the financial services provider's stock after acquiring an additional 9,200 shares during the quarter. KLP Kapitalforvaltning AS's holdings in NMI were worth $1,565,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NMIH. Sound Income Strategies LLC purchased a new position in NMI during the first quarter valued at $25,000. Maseco LLP purchased a new position in NMI during the second quarter valued at $32,000. Opal Wealth Advisors LLC purchased a new position in NMI during the first quarter valued at $33,000. Neo Ivy Capital Management purchased a new position in NMI during the first quarter valued at $47,000. Finally, Caitong International Asset Management Co. Ltd purchased a new position in NMI during the first quarter valued at $48,000. Hedge funds and other institutional investors own 94.12% of the company's stock.

Insider Buying and Selling

In related news, Director Steven Scheid sold 19,926 shares of NMI stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $39.31, for a total value of $783,291.06. Following the completion of 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 3.00% of the company's stock.

Analysts Set New Price Targets

Several brokerages have commented on NMIH. Weiss Ratings reissued a "buy (b)" rating on shares of NMI in a research report on Wednesday, October 8th. Keefe, Bruyette & Woods lowered 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. Barclays reissued a "cautious" rating on shares of NMI in a research report on Monday, October 6th. Wall Street Zen lowered NMI from a "buy" rating to a "hold" rating in a research report on Saturday, July 12th. Finally, JPMorgan Chase & Co. reduced their price target on NMI from $44.00 to $43.00 and set an "overweight" rating for the company in a report on Tuesday, October 7th. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $42.33.

NMI Price Performance

Shares of NASDAQ:NMIH opened at $35.68 on Tuesday. NMI Holdings Inc has a 1-year low of $31.90 and a 1-year high of $43.20. The business has a fifty day moving average price of $38.74 and a 200-day moving average price of $38.17. The company has a market capitalization of $2.77 billion, a PE ratio of 7.58, a PEG ratio of 1.02 and a beta of 0.56. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.74 and a quick ratio of 0.74.

NMI (NASDAQ:NMIH - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $1.22 EPS for the quarter, topping the consensus estimate of $1.16 by $0.06. NMI had a return on equity of 16.51% and a net margin of 55.57%.The company had revenue of $149.07 million during the quarter, compared to the consensus estimate of $173.39 million. During the same period last year, the company earned $1.20 EPS. NMI's revenue for the quarter was up 7.2% on a year-over-year basis. As a group, equities analysts expect that NMI Holdings Inc will post 4.62 EPS for the current fiscal year.

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.

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