ProShare Advisors LLC Purchases 7,265 Shares of NMI Holdings, Inc. (NASDAQ:NMIH)

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

Several other hedge funds have also recently bought and sold shares of the business. Quantinno Capital Management LP acquired a new position in NMI during the fourth quarter worth $213,000. Nuveen Asset Management LLC increased 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 worth $47,445,000 after buying an additional 4,570 shares during the last quarter. NDVR Inc. increased its position in NMI by 12.7% during the fourth quarter. NDVR Inc. now owns 6,445 shares of the financial services provider's stock worth $237,000 after buying an additional 728 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of NMI by 4.0% in the fourth 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 purchasing an additional 1,712 shares during the last quarter. Finally, Interval Partners LP acquired a new stake in shares of NMI in the fourth quarter valued at about $1,343,000. 94.12% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Keefe, Bruyette & Woods lowered their price target on NMI from $43.00 to $42.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 8th. UBS Group lowered their price target on NMI from $42.00 to $41.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 19th. Compass Point reaffirmed a "buy" rating and issued a $37.00 price target (up from $34.00) on shares of NMI in a research report on Friday, May 23rd. Wall Street Zen raised NMI from a "hold" rating to a "buy" rating in a research report on Monday, May 5th. Finally, JPMorgan Chase & Co. lowered their price target on NMI from $42.00 to $41.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $42.29.

NMI Stock Performance

NMIH stock traded down $0.11 during trading on Thursday, reaching $38.80. 62,832 shares of the stock were exchanged, compared to its average volume of 550,420. NMI Holdings, Inc. has a twelve month low of $31.60 and a twelve month high of $42.49. The company has a market capitalization of $3.03 billion, a P/E ratio of 8.74, a price-to-earnings-growth ratio of 1.41 and a beta of 0.56. The stock has a 50 day simple moving average of $35.90 and a 200-day simple moving average of $36.67. The company has a current ratio of 0.60, a quick ratio of 0.83 and a debt-to-equity ratio of 0.19.

NMI (NASDAQ:NMIH - Get Free Report) last released 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 return on equity of 17.33% and a net margin of 55.32%. The business had revenue of $173.25 million for the quarter, compared to the consensus estimate of $169.04 million. During the same period last year, the business earned $1.08 earnings per share. The firm's revenue for the quarter was up 10.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that NMI Holdings, Inc. will post 4.62 earnings per share for the current year.

Insider Buying and Selling

In other NMI news, Director Michael Curry Montgomery sold 1,875 shares of the firm's stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $38.05, for a total transaction of $71,343.75. Following the completion of the transaction, the director now owns 66,068 shares in the company, valued at $2,513,887.40. This trade represents a 2.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider William J. Leatherberry sold 13,111 shares of the firm's 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 transaction, the insider now owns 163,796 shares of the company's stock, valued at approximately $5,824,585.76. This represents a 7.41% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 92,152 shares of company stock valued at $3,358,017 over the last three months. 3.00% of the stock is owned by corporate insiders.

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.