Savant Capital LLC Invests $226,000 in NMI Holdings Inc $NMIH

Savant Capital LLC purchased a new stake in NMI Holdings Inc (NASDAQ:NMIH) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 5,345 shares of the financial services provider’s stock, valued at approximately $226,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Maseco LLP purchased a new stake in NMI in the 2nd quarter valued at $32,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in shares of NMI during the 2nd quarter valued at about $36,000. Neo Ivy Capital Management purchased a new stake in shares of NMI in the first quarter valued at about $47,000. Caitong International Asset Management Co. Ltd acquired a new stake in NMI during the first quarter worth about $48,000. Finally, Quarry LP raised its stake in NMI by 89.3% during the first quarter. Quarry LP now owns 1,482 shares of the financial services provider’s stock worth $53,000 after purchasing an additional 699 shares during the period. Hedge funds and other institutional investors own 94.12% of the company’s stock.

NMI Stock Up 0.2%

Shares of NASDAQ NMIH opened at $36.90 on Thursday. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.17. The business’s 50 day moving average is $37.28 and its two-hundred day moving average is $38.59. NMI Holdings Inc has a 52-week low of $31.90 and a 52-week high of $43.20. The firm has a market cap of $2.84 billion, a price-to-earnings ratio of 7.72, a PEG ratio of 1.14 and a beta of 0.63.

NMI (NASDAQ:NMIH) last issued its quarterly earnings data on Tuesday, November 4th. The financial services provider reported $1.21 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.21. NMI had a return on equity of 16.08% and a net margin of 55.02%.The business had revenue of $171.56 million during the quarter, compared to analysts’ expectations of $177.01 million. During the same period in the previous year, the firm posted $1.15 earnings per share. The company’s revenue was up 7.6% on a year-over-year basis. Research analysts predict that NMI Holdings Inc will post 4.62 EPS for the current year.

Insider Transactions at NMI

In other NMI news, Director Steven Scheid sold 19,926 shares of the business’s stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $39.31, for a total transaction of $783,291.06. Following the sale, the director directly owned 78,960 shares in the company, valued at $3,103,917.60. This represents a 20.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 3.00% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts have recently issued reports on NMIH shares. Weiss Ratings restated a “buy (b)” rating on shares of NMI in a report on Wednesday, October 8th. JPMorgan Chase & Co. cut their target price on NMI from $43.00 to $42.00 and set an “overweight” rating for the company in a research note on Wednesday, November 5th. Finally, Barclays restated a “cautious” rating on shares of NMI in a research report on Monday, October 6th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, NMI currently has an average rating of “Moderate Buy” and an average price target of $41.20.

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.