NMI Holdings, Inc. (NASDAQ:NMIH) Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. boosted its position in shares of NMI Holdings, Inc. (NASDAQ:NMIH - Free Report) by 2.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,583,844 shares of the financial services provider's stock after acquiring an additional 162,614 shares during the period. Vanguard Group Inc. owned 8.12% of NMI worth $178,356,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank bought a new stake in shares of NMI during the 4th quarter valued at about $18,362,000. State Street Corp grew its stake in NMI by 15.8% in the 1st quarter. State Street Corp now owns 4,053,585 shares of the financial services provider's stock worth $83,585,000 after buying an additional 551,924 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of NMI by 10.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,441,230 shares of the financial services provider's stock worth $99,171,000 after buying an additional 417,095 shares during the last quarter. Assenagon Asset Management S.A. raised its position in shares of NMI by 333.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 457,162 shares of the financial services provider's stock valued at $12,385,000 after buying an additional 351,792 shares in the last quarter. Finally, Morgan Stanley lifted its holdings in shares of NMI by 40.7% during the 3rd quarter. Morgan Stanley now owns 1,022,943 shares of the financial services provider's stock worth $27,712,000 after acquiring an additional 295,742 shares during the last quarter. Institutional investors own 94.12% of the company's stock.

Insider Buying and Selling at NMI

In other news, EVP Robert Owen Smith sold 3,000 shares of the business's stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $31.19, for a total transaction of $93,570.00. Following the transaction, the executive vice president now directly owns 82,612 shares of the company's stock, valued at $2,576,668.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, Chairman Bradley M. Shuster sold 12,836 shares of the stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $30.53, for a total value of $391,883.08. Following the completion of the transaction, the chairman now directly owns 427,271 shares of the company's stock, valued at $13,044,583.63. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Robert Owen Smith sold 3,000 shares of the firm's stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $31.19, for a total transaction of $93,570.00. Following the completion of the sale, the executive vice president now owns 82,612 shares of the company's stock, valued at $2,576,668.28. The disclosure for this sale can be found here. Insiders sold 145,158 shares of company stock valued at $4,395,582 in the last 90 days. Insiders own 2.70% of the company's stock.

Analyst Ratings Changes

NMIH has been the topic of a number of research analyst reports. JPMorgan Chase & Co. increased their target price on NMI from $33.00 to $34.00 and gave the company an "overweight" rating in a research note on Thursday, February 15th. StockNews.com lowered NMI from a "buy" rating to a "hold" rating in a research note on Thursday, March 21st. Truist Financial lifted their price target on shares of NMI from $34.00 to $36.00 and gave the stock a "buy" rating in a research note on Thursday, February 15th. Royal Bank of Canada upped their price objective on shares of NMI from $31.00 to $33.00 and gave the company a "sector perform" rating in a research note on Thursday, February 15th. Finally, UBS Group initiated coverage on shares of NMI in a research report on Wednesday, December 6th. They issued a "buy" rating and a $36.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $34.13.

NMI Trading Down 1.8 %

Shares of NASDAQ NMIH traded down $0.59 during mid-day trading on Monday, hitting $31.75. The stock had a trading volume of 865,988 shares, compared to its average volume of 546,592. The business has a 50 day moving average price of $30.41 and a two-hundred day moving average price of $29.00. NMI Holdings, Inc. has a 1 year low of $21.38 and a 1 year high of $32.50. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.73 and a current ratio of 0.73. The firm has a market cap of $2.56 billion, a P/E ratio of 8.27, a price-to-earnings-growth ratio of 1.20 and a beta of 1.06.

NMI (NASDAQ:NMIH - Get Free Report) last released its quarterly earnings data on Wednesday, February 14th. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.95 by $0.06. The firm had revenue of $151.38 million for the quarter, compared to analysts' expectations of $131.70 million. NMI had a net margin of 55.63% and a return on equity of 17.97%. The company's revenue for the quarter was up 13.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.86 earnings per share. On average, equities analysts anticipate that NMI Holdings, Inc. will post 4.04 EPS for the current fiscal year.

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.