Universal Beteiligungs und Servicegesellschaft mbH Takes $4.15 Million Position in NMI Holdings Inc (NASDAQ:NMIH)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has acquired a new stake in NMI Holdings Inc worth approximately $4.15 million, owning 0.15% of the company by the end of the reporting period.
• NMI Holdings reported an EPS of $1.28 for the last quarter, exceeding expectations and showing a revenue increase of 10.8% year-over-year.
• Institutional investors and hedge funds currently own 94.12% of NMI Holdings' stock, indicating strong institutional support for the company.

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in NMI Holdings Inc (NASDAQ:NMIH - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 115,218 shares of the financial services provider's stock, valued at approximately $4,154,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.15% of NMI at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Y Intercept Hong Kong Ltd acquired a new stake in NMI in the 1st quarter worth about $651,000. Gallacher Capital Management LLC bought a new stake in shares of NMI during the 1st quarter valued at approximately $323,000. Denali Advisors LLC grew its holdings in shares of NMI by 7.4% during the 1st quarter. Denali Advisors LLC now owns 188,789 shares of the financial services provider's stock valued at $6,806,000 after purchasing an additional 13,071 shares during the last quarter. Bailard Inc. bought a new stake in shares of NMI during the 1st quarter valued at approximately $205,000. Finally, Victory Capital Management Inc. grew its holdings in NMI by 1.1% during the 1st quarter. Victory Capital Management Inc. now owns 33,709 shares of the financial services provider's stock worth $1,215,000 after acquiring an additional 376 shares during the last quarter. Institutional investors and hedge funds own 94.12% of the company's stock.

Insider Buying and Selling

In other news, EVP Robert Owen Smith sold 20,000 shares of the 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 sale, the executive vice president owned 84,566 shares in the company, valued at $3,093,424.28. This represents a 19.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Michael Curry Montgomery sold 1,875 shares of the firm's stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $38.05, for a total transaction of $71,343.75. Following the sale, the director owned 66,068 shares of the company's stock, valued at $2,513,887.40. This trade represents a 2.76% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 113,697 shares of company stock valued at $4,210,337 over the last 90 days. 3.00% of the stock is currently owned by company insiders.

NMI Stock Performance

Shares of NMIH stock opened at $37.81 on Tuesday. The firm has a 50-day moving average of $39.76 and a 200-day moving average of $37.32. The company has a market cap of $2.95 billion, a P/E ratio of 8.17, a P/E/G ratio of 1.16 and a beta of 0.55. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.74 and a quick ratio of 0.74. NMI Holdings Inc has a one year low of $31.90 and a one year high of $43.20.

NMI (NASDAQ:NMIH - Get Free Report) last announced its earnings results on Tuesday, April 29th. The financial services provider reported $1.28 EPS for the quarter, beating the consensus estimate 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 net margin of 55.93% and a return on equity of 17.27%. The firm's revenue for the quarter was up 10.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.08 earnings per share. Equities research analysts forecast that NMI Holdings Inc will post 4.62 EPS for the current fiscal year.

Analyst Ratings Changes

NMIH has been the topic of a number of research reports. Wall Street Zen lowered shares of NMI from a "buy" rating to a "hold" rating in a report on Saturday, July 12th. JPMorgan Chase & Co. lifted their price target on shares of NMI from $41.00 to $44.00 and gave the company an "overweight" rating in a research note on Friday, July 11th. Keefe, Bruyette & Woods downgraded shares of NMI from an "outperform" rating to a "market perform" rating and lifted their price target for the company from $42.00 to $43.00 in a research note on Monday, July 7th. Compass Point restated 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. Finally, Barclays upped their price objective on shares of NMI from $41.00 to $42.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 8th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $43.00.

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.

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