NMI Holdings Inc (NMIH) Holdings Boosted by Renaissance Technologies LLC

Renaissance Technologies LLC boosted its holdings in NMI Holdings Inc (NASDAQ:NMIH) by 5.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,029,453 shares of the financial services provider’s stock after buying an additional 107,053 shares during the quarter. Renaissance Technologies LLC owned 3.38% of NMI worth $34,501,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. USA Financial Portformulas Corp purchased a new position in NMI in the 4th quarter worth about $477,000. WINTON GROUP Ltd bought a new stake in shares of NMI during the 4th quarter valued at about $6,180,000. Geode Capital Management LLC grew its stake in shares of NMI by 20.2% during the 4th quarter. Geode Capital Management LLC now owns 618,241 shares of the financial services provider’s stock valued at $10,509,000 after purchasing an additional 104,003 shares during the period. Lazard Asset Management LLC bought a new stake in shares of NMI during the 4th quarter valued at about $326,000. Finally, EAM Investors LLC bought a new stake in shares of NMI during the 4th quarter valued at about $2,268,000. 84.31% of the stock is owned by institutional investors and hedge funds.

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NMIH has been the subject of a number of recent research reports. Deutsche Bank upgraded NMI from a “hold” rating to a “buy” rating and boosted their price target for the company from $17.00 to $24.00 in a research note on Monday, January 8th. BTIG Research restated a “buy” rating and set a $21.00 price target on shares of NMI in a research note on Sunday, February 18th. Susquehanna Bancshares initiated coverage on NMI in a research note on Tuesday, February 20th. They set a “positive” rating and a $26.00 price target for the company. BidaskClub upgraded NMI from a “buy” rating to a “strong-buy” rating in a research note on Thursday, January 18th. Finally, Zacks Investment Research upgraded NMI from a “hold” rating to a “strong-buy” rating and set a $20.00 price target for the company in a research note on Tuesday, January 9th. One research analyst has rated the stock with a sell rating and nine have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $21.86.

NMI Holdings Inc (NMIH) opened at $16.10 on Tuesday. The stock has a market capitalization of $1,031.64, a P/E ratio of 24.84 and a beta of 0.75. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.25 and a current ratio of 0.25. NMI Holdings Inc has a 52 week low of $10.10 and a 52 week high of $21.92.

NMI (NASDAQ:NMIH) last announced its quarterly earnings data on Thursday, February 15th. The financial services provider reported $0.22 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.05. The company had revenue of $54.54 million during the quarter, compared to the consensus estimate of $51.32 million. NMI had a return on equity of 7.89% and a net margin of 12.07%. The firm’s revenue was up 48.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.04 EPS. research analysts predict that NMI Holdings Inc will post 1.34 earnings per share for the current year.

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NMI Profile

NMI Holdings, Inc (NMIH) provides private mortgage guaranty insurance through its insurance subsidiaries. The Company’s primary insurance subsidiary, National Mortgage Insurance Corporation (NMIC), is a mortgage insurance (MI) provider on loans purchased by the Government-sponsored enterprises (GSEs).

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Institutional Ownership by Quarter for NMI (NASDAQ:NMIH)

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