DekaBank Deutsche Girozentrale Buys 2,328 Shares of NMI Holdings, Inc. (NASDAQ:NMIH)

DekaBank Deutsche Girozentrale raised its stake in shares of NMI Holdings, Inc. (NASDAQ:NMIH) by 31.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,669 shares of the financial services provider’s stock after acquiring an additional 2,328 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in NMI were worth $288,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Envestnet Asset Management Inc. lifted its holdings in shares of NMI by 2.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 15,139 shares of the financial services provider’s stock valued at $391,000 after purchasing an additional 381 shares during the last quarter. Hsbc Holdings PLC lifted its holdings in shares of NMI by 5.0% during the 3rd quarter. Hsbc Holdings PLC now owns 11,765 shares of the financial services provider’s stock valued at $323,000 after purchasing an additional 565 shares during the last quarter. Advisor Group Holdings Inc. lifted its holdings in shares of NMI by 20.2% during the 4th quarter. Advisor Group Holdings Inc. now owns 3,665 shares of the financial services provider’s stock valued at $77,000 after purchasing an additional 617 shares during the last quarter. Public Employees Retirement System of Ohio lifted its holdings in shares of NMI by 45.2% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 2,013 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 627 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of NMI by 15.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 5,738 shares of the financial services provider’s stock valued at $118,000 after purchasing an additional 774 shares during the last quarter. Institutional investors own 94.12% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on NMIH. Truist Financial increased their price objective on NMI from $34.00 to $36.00 and gave the company a “buy” rating in a report on Thursday, February 15th. StockNews.com lowered NMI from a “buy” rating to a “hold” rating in a research note on Thursday, March 21st. JPMorgan Chase & Co. raised their target price on NMI from $34.00 to $35.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 3rd. Keefe, Bruyette & Woods lifted their price objective on NMI from $33.00 to $36.00 and gave the company a “market perform” rating in a research note on Thursday, April 4th. Finally, Royal Bank of Canada lifted their price objective on NMI from $31.00 to $33.00 and gave the company a “sector perform” rating in a research note on Thursday, February 15th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $34.44.

NMI Stock Performance

NMIH stock opened at $29.64 on Wednesday. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.21. NMI Holdings, Inc. has a 12-month low of $22.22 and a 12-month high of $32.50. The stock has a market cap of $2.39 billion, a price-to-earnings ratio of 7.72, a PEG ratio of 1.11 and a beta of 1.06. The business’s 50-day moving average is $30.27 and its 200 day moving average is $29.18.

NMI (NASDAQ:NMIH) last issued its earnings results on Wednesday, February 14th. The financial services provider reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.06. The business had revenue of $151.38 million for the quarter, compared to analysts’ expectations of $131.70 million. NMI had a return on equity of 17.97% and a net margin of 55.63%. The business’s revenue for the quarter was up 13.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.86 EPS. On average, sell-side analysts anticipate that NMI Holdings, Inc. will post 4.05 EPS for the current fiscal year.

Insider Transactions at NMI

In other news, Chairman Bradley M. Shuster sold 6,559 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $29.81, for a total transaction of $195,523.79. Following the transaction, the chairman now directly owns 453,298 shares in the company, valued at approximately $13,512,813.38. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, EVP Mohammad Nawaz Yousaf sold 1,117 shares of NMI stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $29.95, for a total transaction of $33,454.15. Following the sale, the executive vice president now owns 32,909 shares of the company’s stock, valued at approximately $985,624.55. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Chairman Bradley M. Shuster sold 6,559 shares of NMI stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $29.81, for a total transaction of $195,523.79. Following the sale, the chairman now directly owns 453,298 shares in the company, valued at approximately $13,512,813.38. The disclosure for this sale can be found here. Insiders have sold a total of 145,158 shares of company stock worth $4,395,582 in the last ninety days. Insiders own 2.40% of the company’s stock.

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.