Intech Investment Management LLC Has $3.81 Million Holdings in NMI Holdings Inc $NMIH

Intech Investment Management LLC lifted its stake in shares of NMI Holdings Inc (NASDAQ:NMIH) by 14.8% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 90,342 shares of the financial services provider’s stock after buying an additional 11,661 shares during the quarter. Intech Investment Management LLC’s holdings in NMI were worth $3,812,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Maseco LLP acquired a new stake in NMI in the second quarter worth $32,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in shares of NMI during the 2nd quarter worth about $36,000. Neo Ivy Capital Management acquired a new stake in shares of NMI in the 1st quarter valued at about $47,000. Caitong International Asset Management Co. Ltd acquired a new position in NMI during the 1st quarter worth approximately $48,000. Finally, Quarry LP raised its stake in NMI by 89.3% during the 1st quarter. Quarry LP now owns 1,482 shares of the financial services provider’s stock worth $53,000 after buying an additional 699 shares during the period. Institutional investors and hedge funds own 94.12% of the company’s stock.

Insider Activity

In related news, Director Steven Scheid sold 19,926 shares of the company’s stock in a transaction on Monday, September 15th. The stock was sold at an average price of $39.31, for a total transaction of $783,291.06. Following the completion of the transaction, the director directly owned 78,960 shares in the company, valued at $3,103,917.60. This represents a 20.15% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 3.00% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on NMIH. JPMorgan Chase & Co. decreased their price objective on NMI from $43.00 to $42.00 and set an “overweight” rating for the company in a report on Wednesday, November 5th. Weiss Ratings restated a “buy (b)” rating on shares of NMI in a report on Wednesday, October 8th. Finally, Barclays reiterated a “cautious” rating on shares of NMI in a report on Monday, October 6th. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $41.20.

NMI Price Performance

NMIH stock opened at $36.83 on Wednesday. The company has a market cap of $2.83 billion, a PE ratio of 7.71, a price-to-earnings-growth ratio of 1.13 and a beta of 0.63. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.17. The stock has a 50-day moving average price of $37.33 and a two-hundred day moving average price of $38.61. NMI Holdings Inc has a 12-month low of $31.90 and a 12-month high of $43.20.

NMI (NASDAQ:NMIH) last announced its earnings results on Tuesday, November 4th. The financial services provider reported $1.21 earnings per share for the quarter, meeting the consensus estimate of $1.21. NMI had a net margin of 55.02% and a return on equity of 16.08%. The business had revenue of $171.56 million during the quarter, compared to the consensus estimate of $177.01 million. During the same period in the prior year, the firm earned $1.15 earnings per share. The business’s quarterly revenue was up 7.6% compared to the same quarter last year. As a group, research analysts predict that NMI Holdings Inc will post 4.62 EPS for the current year.

About NMI

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.