UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $6.02 Million Stock Holdings in NMI Holdings, Inc. (NASDAQ:NMIH)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in NMI Holdings, Inc. (NASDAQ:NMIH - Free Report) by 23.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 163,780 shares of the financial services provider's stock after acquiring an additional 30,607 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.21% of NMI worth $6,021,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in NMIH. Virtus Fund Advisers LLC lifted its stake in NMI by 43.7% during the fourth quarter. Virtus Fund Advisers LLC now owns 3,714 shares of the financial services provider's stock valued at $137,000 after purchasing an additional 1,129 shares during the last quarter. Virtus Investment Advisers Inc. increased its holdings in shares of NMI by 13.8% in the fourth quarter. Virtus Investment Advisers Inc. now owns 42,806 shares of the financial services provider's stock valued at $1,574,000 after buying an additional 5,200 shares in the last quarter. State of Wyoming increased its holdings in shares of NMI by 14.9% in the fourth quarter. State of Wyoming now owns 14,096 shares of the financial services provider's stock valued at $518,000 after buying an additional 1,831 shares in the last quarter. Sherbrooke Park Advisers LLC acquired a new stake in shares of NMI during the 4th quarter valued at $202,000. Finally, ProShare Advisors LLC boosted its stake in shares of NMI by 44.3% during the 4th quarter. ProShare Advisors LLC now owns 23,658 shares of the financial services provider's stock worth $870,000 after acquiring an additional 7,265 shares in the last quarter. Institutional investors own 94.12% of the company's stock.

Insiders Place Their Bets

In other news, insider William J. Leatherberry sold 13,111 shares of the business's stock in a transaction that occurred on Wednesday, April 30th. The stock was sold at an average price of $35.56, for a total transaction of $466,227.16. Following 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Adam Pollitzer sold 57,166 shares of the company's stock in a transaction on 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 completion of the transaction, the chief executive officer now owns 329,465 shares of the company's stock, valued at $12,038,651.10. The trade was a 14.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 92,152 shares of company stock worth $3,358,017 in the last ninety days. Insiders own 3.00% of the company's stock.

Wall Street Analysts Forecast Growth

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

NMI Stock Performance

NASDAQ NMIH traded up $0.07 during trading on Thursday, hitting $39.33. The company's stock had a trading volume of 252,265 shares, compared to its average volume of 554,499. NMI Holdings, Inc. has a 52 week low of $31.60 and a 52 week high of $42.49. The firm has a market cap of $3.07 billion, a P/E ratio of 8.87, a price-to-earnings-growth ratio of 1.41 and a beta of 0.56. The firm has a 50 day moving average price of $36.23 and a 200 day moving average price of $36.73. The company has a quick ratio of 0.83, a current ratio of 0.60 and a debt-to-equity ratio of 0.19.

NMI (NASDAQ:NMIH - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The financial services provider reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.18. NMI had a net margin of 55.32% and a return on equity of 17.33%. The business had revenue of $173.25 million for the quarter, compared to the consensus estimate of $169.04 million. During the same quarter last year, the company posted $1.08 earnings per share. NMI's quarterly revenue was up 10.8% on a year-over-year basis. Equities research analysts forecast that NMI Holdings, Inc. will post 4.62 earnings per share for the current fiscal 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.