NMI Holdings, Inc. (NASDAQ:NMIH) Shares Acquired by BNP Paribas Financial Markets

BNP Paribas Financial Markets lifted its holdings in NMI Holdings, Inc. (NASDAQ:NMIH - Free Report) by 13.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 127,132 shares of the financial services provider's stock after purchasing an additional 14,908 shares during the period. BNP Paribas Financial Markets owned about 0.16% of NMI worth $4,673,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Principal Securities Inc. increased its stake in shares of NMI by 66.5% in the 4th quarter. Principal Securities Inc. now owns 716 shares of the financial services provider's stock valued at $26,000 after purchasing an additional 286 shares in the last quarter. Smartleaf Asset Management LLC increased its stake in shares of NMI by 288.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,868 shares of the financial services provider's stock valued at $69,000 after purchasing an additional 1,387 shares in the last quarter. 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 purchasing an additional 1,623 shares in the last quarter. Sterling Capital Management LLC increased its stake in shares of NMI by 786.1% in the 4th quarter. Sterling Capital Management LLC now owns 2,295 shares of the financial services provider's stock valued at $84,000 after purchasing an additional 2,036 shares in the last quarter. Finally, KBC Group NV increased its stake in shares of NMI by 38.3% in the 4th quarter. KBC Group NV now owns 3,221 shares of the financial services provider's stock valued at $118,000 after purchasing an additional 892 shares in the last quarter. Hedge funds and other institutional investors own 94.12% of the company's stock.

NMI Trading Down 0.5%

NMIH traded down $0.19 during trading hours on Monday, reaching $38.22. The company's stock had a trading volume of 337,627 shares, compared to its average volume of 545,995. NMI Holdings, Inc. has a fifty-two week low of $31.59 and a fifty-two week high of $42.49. The stock has a market cap of $2.99 billion, a PE ratio of 8.63, a P/E/G ratio of 1.41 and a beta of 0.56. The business's 50-day moving average is $35.48 and its 200-day moving average is $36.63. 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 (NASDAQ:NMIH - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The financial services provider reported $1.28 EPS for the quarter, beating analysts' consensus estimates of $1.10 by $0.18. NMI had a return on equity of 17.33% and a net margin of 55.32%. The firm had revenue of $173.25 million for the quarter, compared to analysts' expectations of $169.04 million. During the same period in the prior year, the firm posted $1.08 earnings per share. The firm's quarterly revenue was up 10.8% on a year-over-year basis. As a group, equities research analysts predict that NMI Holdings, Inc. will post 4.62 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other NMI news, Director Michael Curry Montgomery sold 1,875 shares of the company's stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $38.05, for a total transaction of $71,343.75. Following the transaction, the director now directly owns 66,068 shares in the company, valued at $2,513,887.40. This represents a 2.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Robert Owen Smith sold 20,000 shares of the company's 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 transaction, the executive vice president now owns 84,566 shares in the company, valued at $3,093,424.28. This trade represents a 19.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 113,235 shares of company stock worth $4,113,998 over the last ninety days. Corporate insiders own 3.00% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. JPMorgan Chase & Co. cut their price objective on 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 cut their price objective on NMI from $42.00 to $41.00 and set a "neutral" rating for the company in a research note on Wednesday, February 19th. StockNews.com upgraded NMI from a "hold" rating to a "buy" rating in a research note on Monday, May 5th. Finally, Keefe, Bruyette & Woods cut their price objective on NMI from $43.00 to $42.00 and set an "outperform" rating for the company in a research note on Tuesday, April 8th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $43.17.

NMI 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.