6,847 Shares in NMI Holdings Inc (NASDAQ:NMIH) Acquired by MQS Management LLC

MQS Management LLC purchased a new stake in NMI Holdings Inc (NASDAQ:NMIH - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 6,847 shares of the financial services provider's stock, valued at approximately $247,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in shares of NMI by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 7,158,877 shares of the financial services provider's stock worth $263,160,000 after buying an additional 39,503 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in shares of NMI by 70.9% during 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 acquiring an additional 844,037 shares during the period. American Century Companies Inc. lifted its position in shares of NMI by 8.0% during the 4th quarter. American Century Companies Inc. now owns 1,957,179 shares of the financial services provider's stock valued at $71,946,000 after acquiring an additional 145,591 shares during the period. Donald Smith & CO. Inc. raised its position in shares of NMI by 34.8% during the 4th quarter. Donald Smith & CO. Inc. now owns 1,307,868 shares of the financial services provider's stock worth $48,077,000 after purchasing an additional 337,996 shares during the last quarter. Finally, Nuveen Asset Management LLC raised its position in shares of NMI by 0.4% during the 4th quarter. Nuveen Asset Management LLC now owns 1,290,675 shares of the financial services provider's stock worth $47,445,000 after purchasing an additional 4,570 shares during the last quarter. 94.12% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other NMI news, insider William J. Leatherberry sold 13,111 shares of the firm's stock in a transaction that occurred on Wednesday, April 30th. The shares were sold at an average price of $35.56, for a total value of $466,227.16. Following the sale, the insider owned 163,796 shares in the company, valued at approximately $5,824,585.76. This trade represents a 7.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Bradley M. Shuster sold 21,545 shares of the firm's stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $39.56, for a total transaction of $852,320.20. Following the completion of the sale, the chairman owned 409,792 shares in the company, valued at $16,211,371.52. The trade was a 4.99% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 113,697 shares of company stock valued at $4,210,337 over the last quarter. Corporate insiders own 3.00% of the company's stock.

NMI Stock Up 0.4%

NASDAQ:NMIH traded up $0.15 on Friday, reaching $38.01. The stock had a trading volume of 590,467 shares, compared to its average volume of 557,968. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.18. The company has a 50-day moving average of $39.73 and a 200 day moving average of $37.21. The stock has a market cap of $2.97 billion, a P/E ratio of 8.21, a price-to-earnings-growth ratio of 1.16 and a beta of 0.55. NMI Holdings Inc has a 12-month low of $31.90 and a 12-month high of $43.20.

NMI (NASDAQ:NMIH - Get Free Report) last issued its earnings results on Tuesday, April 29th. The financial services provider reported $1.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.10 by $0.18. The business had revenue of $173.25 million for the quarter, compared to analyst estimates of $169.04 million. NMI had a net margin of 55.93% and a return on equity of 17.27%. The company's revenue for the quarter was up 10.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.08 EPS. On average, research analysts predict that NMI Holdings Inc will post 4.62 earnings per share for the current year.

Analysts Set New Price Targets

NMIH has been the subject of several analyst reports. Wall Street Zen downgraded NMI from a "buy" rating to a "hold" rating in a report on Saturday, July 12th. Keefe, Bruyette & Woods downgraded NMI from an "outperform" rating to a "market perform" rating and boosted their price target for the company from $42.00 to $43.00 in a report on Monday, July 7th. Compass Point reiterated a "buy" rating and issued a $37.00 price target (up from $34.00) on shares of NMI in a report on Friday, May 23rd. Barclays boosted 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. Finally, JPMorgan Chase & Co. boosted their price objective on shares of NMI from $41.00 to $44.00 and gave the company an "overweight" rating in a research note on Friday, July 11th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $43.00.

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.