UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 30,607 Shares of NMI Holdings, Inc. (NASDAQ:NMIH)

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

Several other institutional investors and hedge funds have also recently bought and sold shares of NMIH. Norges Bank acquired a new position in shares of NMI in the 4th quarter worth approximately $13,174,000. Raymond James Financial Inc. acquired a new stake in NMI in the 4th quarter valued at $13,136,000. Donald Smith & CO. Inc. grew its position in NMI by 34.8% in 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 acquiring an additional 337,996 shares during the period. abrdn plc acquired a new position in NMI during the fourth quarter worth $8,122,000. Finally, Capital World Investors raised its stake 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 worth $42,274,000 after acquiring an additional 200,000 shares in the last quarter. Institutional investors own 94.12% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on NMIH shares. Wall Street Zen upgraded shares of NMI from a "hold" rating to a "buy" rating in a research note on Monday, May 5th. Keefe, Bruyette & Woods cut their price target on shares of NMI from $43.00 to $42.00 and set an "outperform" rating for the company in a report on Tuesday, April 8th. UBS Group cut their price target 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. JPMorgan Chase & Co. reduced their price target 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. Finally, Compass Point reaffirmed a "buy" rating and set a $37.00 price objective (up previously from $34.00) on shares of NMI in a report on Friday, May 23rd. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, NMI currently has an average rating of "Moderate Buy" and an average price target of $42.29.

Insider Transactions at NMI

In other news, EVP Robert Owen Smith sold 20,000 shares of NMI stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $36.58, for a total value of $731,600.00. Following the completion of the sale, the executive vice president now directly owns 84,566 shares of the company's stock, valued at approximately $3,093,424.28. This trade represents a 19.13% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider William J. Leatherberry sold 13,111 shares of the business's stock in a transaction on Wednesday, April 30th. The stock was sold at an average price of $35.56, for a total value of $466,227.16. Following the sale, the insider now owns 163,796 shares of the company's stock, valued at approximately $5,824,585.76. The trade was a 7.41% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 92,152 shares of company stock worth $3,358,017. Corporate insiders own 3.00% of the company's stock.

NMI Price Performance

Shares of NASDAQ:NMIH traded up $0.50 during midday trading on Friday, reaching $39.81. The company's stock had a trading volume of 330,334 shares, compared to its average volume of 555,859. The business's fifty day simple moving average is $36.36 and its 200-day simple moving average is $36.75. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.60 and a quick ratio of 0.83. NMI Holdings, Inc. has a fifty-two week low of $31.60 and a fifty-two week high of $42.49. The company has a market capitalization of $3.11 billion, a P/E ratio of 8.99, a P/E/G ratio of 1.41 and a beta of 0.56.

NMI (NASDAQ:NMIH - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The financial services provider reported $1.28 EPS for the quarter, topping analysts' consensus estimates of $1.10 by $0.18. The firm had revenue of $173.25 million for the quarter, compared to analyst estimates of $169.04 million. NMI had a net margin of 55.32% and a return on equity of 17.33%. The company's revenue was up 10.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.08 EPS. As a group, equities research analysts expect that NMI Holdings, Inc. will post 4.62 EPS 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.