Cwm LLC Has $403,000 Holdings in NMI Holdings Inc (NASDAQ:NMIH)

CWM LLC grew its position in NMI Holdings Inc (NASDAQ:NMIH - Free Report) by 145.5% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 11,167 shares of the financial services provider's stock after purchasing an additional 6,618 shares during the period. CWM LLC's holdings in NMI were worth $403,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in NMIH. Xponance Inc. lifted its position in NMI by 5.0% during the 1st quarter. Xponance Inc. now owns 5,917 shares of the financial services provider's stock worth $213,000 after buying an additional 281 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of NMI by 5.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 6,051 shares of the financial services provider's stock valued at $222,000 after acquiring an additional 325 shares during the period. Moran Wealth Management LLC raised its position in shares of NMI by 2.3% in the 1st quarter. Moran Wealth Management LLC now owns 15,867 shares of the financial services provider's stock valued at $572,000 after acquiring an additional 350 shares during the period. Summit Investment Advisors Inc. raised its position in shares of NMI by 5.6% in the 4th quarter. Summit Investment Advisors Inc. now owns 8,208 shares of the financial services provider's stock valued at $302,000 after acquiring an additional 433 shares during the period. Finally, Cetera Investment Advisers raised its position in shares of NMI by 8.6% in the 4th quarter. Cetera Investment Advisers now owns 6,006 shares of the financial services provider's stock valued at $221,000 after acquiring an additional 476 shares during the period. Institutional investors and hedge funds own 94.12% of the company's stock.

Analyst Upgrades and Downgrades

NMIH has been the subject of a number of research reports. Compass Point reissued a "buy" rating and set a $37.00 target price (up from $34.00) on shares of NMI in a research note on Friday, May 23rd. Keefe, Bruyette & Woods cut NMI from an "outperform" rating to a "market perform" rating and increased their target price for the stock from $42.00 to $43.00 in a research note on Monday, July 7th. JPMorgan Chase & Co. increased their target price on NMI from $41.00 to $44.00 and gave the stock an "overweight" rating in a research note on Friday, July 11th. Barclays increased their target price on NMI from $41.00 to $42.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 8th. Finally, Wall Street Zen cut shares of NMI from a "buy" rating to a "hold" rating in a research note on Saturday, July 12th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, NMI presently has an average rating of "Moderate Buy" and an average price target of $43.00.

NMI Stock Performance

Shares of NMIH traded up $0.01 during midday trading on Friday, reaching $38.07. 471,688 shares of the stock were exchanged, compared to its average volume of 489,471. NMI Holdings Inc has a twelve month low of $31.90 and a twelve month high of $43.20. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.18. The company has a market cap of $2.97 billion, a P/E ratio of 8.22, a PEG ratio of 1.16 and a beta of 0.55. The stock's 50 day simple moving average is $39.77 and its 200 day simple moving average is $37.26.

NMI (NASDAQ:NMIH - Get Free Report) last posted 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. The company had revenue of $173.25 million during the quarter, compared to the consensus estimate of $169.04 million. NMI had a return on equity of 17.27% and a net margin of 55.93%. The company's revenue was up 10.8% on a year-over-year basis. During the same quarter last year, the firm earned $1.08 earnings per share. On average, sell-side analysts expect that NMI Holdings Inc will post 4.62 earnings per share for the current year.

Insiders Place Their Bets

In other NMI news, Director Michael Curry Montgomery sold 1,875 shares of NMI stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $38.05, for a total value of $71,343.75. Following the transaction, the director owned 66,068 shares in the company, valued at $2,513,887.40. The trade was a 2.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Robert Owen Smith sold 20,000 shares of NMI stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $36.58, for a total value of $731,600.00. Following the completion of the transaction, the executive vice president owned 84,566 shares in the company, valued at approximately $3,093,424.28. This represents a 19.13% 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 90 days. 3.00% of the stock is owned by company 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.