Seizert Capital Partners LLC Invests $2.19 Million in NMI Holdings Inc (NASDAQ:NMIH)

Key Points

• Seizert Capital Partners LLC acquired a new stake in NMI Holdings Inc, purchasing 60,802 shares valued at approximately $2.19 million, representing about 0.08% of the company.
• Several institutional investors, including LPL Financial LLC and JPMorgan Chase & Co., have increased their holdings in NMI, indicating strong interest from hedge funds.
• NMI Holdings reported a quarterly EPS of $1.22, exceeding analysts' expectations, but its revenue was below projections, prompting mixed ratings from equity research analysts.

Seizert Capital Partners LLC bought a new stake in shares of NMI Holdings Inc (NASDAQ:NMIH - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 60,802 shares of the financial services provider's stock, valued at approximately $2,192,000. Seizert Capital Partners LLC owned 0.08% of NMI as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in shares of NMI by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 7,158,877 shares of the financial services provider's stock worth $263,160,000 after acquiring an additional 39,503 shares during the period. Assenagon Asset Management S.A. lifted its position in shares of NMI by 70.9% in the 1st quarter. Assenagon Asset Management S.A. now owns 2,034,419 shares of the financial services provider's stock worth $73,341,000 after acquiring an additional 844,037 shares during the period. Donald Smith & CO. Inc. lifted its position in shares of NMI by 34.8% in 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 acquiring an additional 337,996 shares during the period. Nuveen Asset Management LLC lifted its position in shares of NMI by 0.4% in 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 acquiring an additional 4,570 shares during the period. Finally, Capital World Investors lifted its position in shares of NMI by 21.1% in the 4th quarter. Capital World Investors now owns 1,150,000 shares of the financial services provider's stock worth $42,274,000 after acquiring an additional 200,000 shares during the period. Institutional investors own 94.12% of the company's stock.

Insider Buying and Selling at NMI

In other news, Chairman Bradley M. Shuster sold 21,545 shares of the firm's stock in a transaction on Friday, June 6th. The stock was sold at an average price of $39.56, for a total value of $852,320.20. Following the transaction, the chairman directly owned 409,792 shares in the company, valued at $16,211,371.52. This trade represents a 4.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Michael Curry Montgomery sold 1,875 shares of the firm's stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $38.05, for a total value of $71,343.75. Following the completion of the transaction, the director owned 66,068 shares in the company, valued at $2,513,887.40. This represents a 2.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.00% of the stock is owned by company insiders.

NMI Price Performance

NMIH stock traded down $0.13 during midday trading on Friday, reaching $37.19. 585,663 shares of the company's stock traded hands, compared to its average volume of 504,770. The company has a 50-day simple moving average of $39.73 and a two-hundred day simple moving average of $37.34. NMI Holdings Inc has a 1-year low of $31.90 and a 1-year high of $43.20. The company has a market cap of $2.88 billion, a price-to-earnings ratio of 7.90, a PEG ratio of 1.13 and a beta of 0.57. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.17.

NMI (NASDAQ:NMIH - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The financial services provider reported $1.22 earnings per share (EPS) for the quarter, beating 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 business had revenue of $149.07 million for the quarter, compared to analyst estimates of $173.39 million. During the same quarter in the prior year, the firm posted $1.20 earnings per share. The firm's revenue for the quarter was up 7.2% compared to the same quarter last year. On average, analysts anticipate that NMI Holdings Inc will post 4.62 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on NMIH shares. Wall Street Zen cut NMI from a "buy" rating to a "hold" rating in a report on Saturday, July 12th. 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 report on Monday, July 7th. Barclays increased their target price on NMI from $41.00 to $42.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 8th. Compass Point reissued a "buy" rating and issued a $37.00 target price (up from $34.00) on shares of NMI in a report on Friday, May 23rd. Finally, JPMorgan Chase & Co. increased their target price on NMI from $41.00 to $44.00 and gave the stock an "overweight" rating in a report on Friday, July 11th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $42.33.

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.