ProShare Advisors LLC Increases Stock Position in NMI Holdings, Inc. (NASDAQ:NMIH)

ProShare Advisors LLC grew its position in NMI Holdings, Inc. (NASDAQ:NMIH - Free Report) by 44.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,658 shares of the financial services provider's stock after purchasing an additional 7,265 shares during the period. ProShare Advisors LLC's holdings in NMI were worth $870,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in NMI by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 7,158,877 shares of the financial services provider's stock valued at $263,160,000 after buying an additional 39,503 shares during the period. American Century Companies Inc. grew its position in NMI by 8.0% during the fourth quarter. American Century Companies Inc. now owns 1,957,179 shares of the financial services provider's stock valued at $71,946,000 after buying an additional 145,591 shares during the period. Donald Smith & CO. Inc. grew its position in NMI by 34.8% during the fourth quarter. Donald Smith & CO. Inc. now owns 1,307,868 shares of the financial services provider's stock valued at $48,077,000 after buying an additional 337,996 shares during the period. Nuveen Asset Management LLC grew its position in NMI by 0.4% during the fourth quarter. Nuveen Asset Management LLC now owns 1,290,675 shares of the financial services provider's stock valued at $47,445,000 after buying an additional 4,570 shares during the period. Finally, Capital World Investors grew its position in NMI by 21.1% during the fourth quarter. Capital World Investors now owns 1,150,000 shares of the financial services provider's stock valued at $42,274,000 after buying an additional 200,000 shares during the period. Hedge funds and other institutional investors own 94.12% of the company's stock.

Insider Transactions at NMI

In other news, CEO Adam Pollitzer sold 57,166 shares of the stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $36.54, for a total value of $2,088,845.64. Following the sale, the chief executive officer now directly owns 329,465 shares of the company's stock, valued at approximately $12,038,651.10. This represents a 14.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider William J. Leatherberry sold 13,111 shares of the stock in a transaction dated Wednesday, April 30th. The stock was sold at an average price of $35.56, for a total transaction of $466,227.16. Following the completion of the sale, the insider now directly owns 163,796 shares in the company, valued at approximately $5,824,585.76. The trade was a 7.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 92,152 shares of company stock valued at $3,358,017. 3.00% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on NMIH shares. Keefe, Bruyette & Woods reduced their price target on shares of NMI from $43.00 to $42.00 and set an "outperform" rating for the company in a research report on Tuesday, April 8th. Compass Point restated a "buy" rating and set a $37.00 price target (up previously from $34.00) on shares of NMI in a research report on Friday. Wall Street Zen upgraded shares of NMI from a "hold" rating to a "buy" rating in a research report on Monday, May 5th. JPMorgan Chase & Co. reduced their price target on shares of NMI from $42.00 to $41.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Finally, UBS Group cut their target price on shares of NMI from $42.00 to $41.00 and set a "neutral" rating for the company in a research report on Wednesday, February 19th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $42.29.

NMI Stock Performance

NASDAQ:NMIH traded up $1.19 on Tuesday, reaching $39.15. 754,033 shares of the company's stock were exchanged, compared to its average volume of 551,470. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.60 and a quick ratio of 0.83. The firm has a market cap of $3.06 billion, a price-to-earnings ratio of 8.84, a P/E/G ratio of 1.41 and a beta of 0.56. NMI Holdings, Inc. has a 52 week low of $31.60 and a 52 week high of $42.49. The stock has a fifty day simple moving average of $35.75 and a 200-day simple moving average of $36.64.

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 for the quarter, topping analysts' consensus estimates of $1.10 by $0.18. NMI had a net margin of 55.32% and a return on equity of 17.33%. The firm had revenue of $173.25 million during the quarter, compared to analyst estimates of $169.04 million. During the same quarter last year, the business earned $1.08 earnings per share. The company's quarterly revenue was up 10.8% on a year-over-year basis. As a group, sell-side analysts predict that NMI Holdings, Inc. will post 4.62 earnings per share for the current year.

About NMI

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.