NMI Holdings, Inc. (NASDAQ:NMIH) Shares Bought by State of Wyoming

State of Wyoming raised its position in NMI Holdings, Inc. (NASDAQ:NMIH) by 14.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,096 shares of the financial services provider’s stock after purchasing an additional 1,831 shares during the quarter. State of Wyoming’s holdings in NMI were worth $518,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the company. Principal Securities Inc. boosted its holdings in shares of NMI by 66.5% in the fourth quarter. Principal Securities Inc. now owns 716 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 286 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of NMI by 288.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,868 shares of the financial services provider’s stock valued at $69,000 after acquiring an additional 1,387 shares in the last quarter. Covestor Ltd boosted its holdings in shares of NMI by 601.1% in the fourth 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 boosted its holdings in shares of NMI by 786.1% in the fourth 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 in the last quarter. Finally, KBC Group NV boosted its holdings in shares of NMI by 38.3% in the fourth quarter. KBC Group NV now owns 3,221 shares of the financial services provider’s stock valued at $118,000 after acquiring an additional 892 shares in the last quarter. Institutional investors and hedge funds own 94.12% of the company’s stock.

Insider Buying and Selling

In other NMI news, insider William J. Leatherberry sold 13,111 shares of the stock in a transaction that occurred on Wednesday, April 30th. The shares were sold at an average price of $35.56, for a total value of $466,227.16. Following the completion of the sale, the insider now owns 163,796 shares in the company, valued at $5,824,585.76. This represents a 7.41% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael Curry Montgomery sold 1,875 shares of the stock in a transaction that occurred 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 completion of the sale, the director now owns 66,068 shares of the company’s stock, valued at approximately $2,513,887.40. The trade was a 2.76% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 113,235 shares of company stock valued at $4,113,998. Company insiders own 3.00% of the company’s stock.

NMI Trading Down 0.5%

NMI stock opened at $38.22 on Tuesday. The company has a 50 day moving average price of $35.48 and a 200 day moving average price of $36.63. NMI Holdings, Inc. has a 52 week low of $31.59 and a 52 week high of $42.49. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.83 and a current ratio of 0.60. The firm has a market capitalization of $2.99 billion, a price-to-earnings ratio of 8.63, a P/E/G ratio of 1.41 and a beta of 0.56.

NMI (NASDAQ:NMIH) last posted its quarterly earnings data on Tuesday, April 29th. The financial services provider reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.18. NMI had a net margin of 55.32% and a return on equity of 17.33%. The firm had revenue of $173.25 million during the quarter, compared to analyst estimates of $169.04 million. During the same quarter last year, the business posted $1.08 EPS. The company’s revenue was up 10.8% on a year-over-year basis. Research analysts forecast that NMI Holdings, Inc. will post 4.62 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on NMIH. Keefe, Bruyette & Woods reduced their target price on shares of NMI from $43.00 to $42.00 and set an “outperform” rating for the company in a report on Tuesday, April 8th. JPMorgan Chase & Co. reduced their target price on shares of NMI from $42.00 to $41.00 and set an “overweight” rating for the company in a report on Tuesday, April 8th. StockNews.com upgraded shares of NMI from a “hold” rating to a “buy” rating in a report on Monday, May 5th. Finally, UBS Group reduced their target price on shares of NMI from $42.00 to $41.00 and set a “neutral” rating for the company in a report on Wednesday, February 19th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $43.17.

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.