Hsbc Holdings PLC Purchases 42,040 Shares of NMI Holdings, Inc. (NASDAQ:NMIH)

Hsbc Holdings PLC grew its holdings in shares of NMI Holdings, Inc. (NASDAQ:NMIH - Free Report) by 109.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 80,345 shares of the financial services provider's stock after acquiring an additional 42,040 shares during the period. Hsbc Holdings PLC owned 0.10% of NMI worth $2,949,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Principal Securities Inc. grew its stake in NMI by 66.5% during the fourth quarter. Principal Securities Inc. now owns 716 shares of the financial services provider's stock worth $26,000 after purchasing an additional 286 shares during the period. Smartleaf Asset Management LLC grew its position in shares of NMI by 288.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,868 shares of the financial services provider's stock worth $69,000 after buying an additional 1,387 shares during the period. Covestor Ltd increased its stake in shares of NMI by 601.1% in the 4th quarter. Covestor Ltd now owns 1,893 shares of the financial services provider's stock valued at $70,000 after acquiring an additional 1,623 shares in the last quarter. Sterling Capital Management LLC lifted its position in shares of NMI by 786.1% during the 4th quarter. Sterling Capital Management LLC now owns 2,295 shares of the financial services provider's stock valued at $84,000 after acquiring an additional 2,036 shares during the period. Finally, KBC Group NV boosted its stake in NMI by 38.3% during the fourth quarter. KBC Group NV now owns 3,221 shares of the financial services provider's stock worth $118,000 after acquiring an additional 892 shares in the last quarter. 94.12% of the stock is owned by institutional investors.

NMI Stock Down 0.4 %

NASDAQ:NMIH traded down $0.14 during trading hours on Monday, hitting $37.49. 77,228 shares of the company traded hands, compared to its average volume of 609,790. NMI Holdings, Inc. has a one year low of $31.59 and a one year high of $42.49. The company has a quick ratio of 0.83, a current ratio of 0.60 and a debt-to-equity ratio of 0.19. The company has a market cap of $2.93 billion, a PE ratio of 8.46, a PEG ratio of 1.41 and a beta of 0.56. The firm's 50-day simple moving average is $34.93 and its 200-day simple moving average is $36.71.

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

Insider Activity at NMI

In related news, insider William J. Leatherberry sold 13,111 shares of the firm's stock in a transaction dated Wednesday, April 30th. The shares were sold at an average price of $35.56, for a total transaction of $466,227.16. Following the completion of the sale, the insider now owns 163,796 shares in the company, valued at approximately $5,824,585.76. This trade represents a 7.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Adam Pollitzer sold 57,166 shares of NMI stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $36.54, for a total transaction of $2,088,845.64. Following the completion of the sale, the chief executive officer now directly owns 329,465 shares in the company, valued at approximately $12,038,651.10. This represents a 14.79 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 111,360 shares of company stock valued at $4,042,654. 3.00% of the stock is owned by insiders.

Wall Street Analyst Weigh In

NMIH has been the subject of several research analyst reports. JPMorgan Chase & Co. decreased their price target on shares of NMI from $42.00 to $41.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. UBS Group dropped their price target on NMI from $42.00 to $41.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 19th. Barclays downgraded NMI from an "overweight" rating to an "equal weight" rating and decreased their price objective for the company from $48.00 to $41.00 in a report on Monday, January 6th. Finally, Keefe, Bruyette & Woods reduced their price target on shares of NMI from $43.00 to $42.00 and set an "outperform" rating for the company in a research report on Tuesday, April 8th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $42.14.

NMI Company 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.