Daiwa Securities Group Inc. Purchases New Shares in NMI Holdings, Inc. (NASDAQ:NMIH)

Daiwa Securities Group Inc. purchased a new stake in shares of NMI Holdings, Inc. (NASDAQ:NMIH) during the 4th quarter, Holdings Channel reports. The institutional investor purchased 900 shares of the financial services provider’s stock, valued at approximately $27,000.

Other hedge funds also recently made changes to their positions in the company. Versor Investments LP bought a new stake in shares of NMI during the third quarter valued at approximately $203,000. DekaBank Deutsche Girozentrale bought a new stake in shares of NMI during the third quarter valued at approximately $204,000. Sumitomo Mitsui Trust Holdings Inc. bought a new stake in shares of NMI during the third quarter valued at approximately $211,000. Dark Forest Capital Management LP boosted its position in shares of NMI by 15.4% during the third quarter. Dark Forest Capital Management LP now owns 9,256 shares of the financial services provider’s stock valued at $251,000 after purchasing an additional 1,233 shares in the last quarter. Finally, Contravisory Investment Management Inc. bought a new stake in NMI in the fourth quarter worth $254,000. 94.12% of the stock is currently owned by institutional investors.

NMI Stock Up 1.0 %

NMI stock opened at $31.11 on Monday. The stock has a market cap of $2.51 billion, a PE ratio of 8.10, a price-to-earnings-growth ratio of 1.15 and a beta of 1.06. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.73 and a current ratio of 0.73. NMI Holdings, Inc. has a one year low of $22.28 and a one year high of $32.50. The stock has a fifty day moving average of $30.32 and a 200 day moving average of $29.39.

NMI (NASDAQ:NMIH) last posted its quarterly earnings data on Wednesday, February 14th. The financial services provider reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.06. The company had revenue of $151.38 million during 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%. NMI’s revenue for the quarter was up 13.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.86 earnings per share. As a group, sell-side analysts predict that NMI Holdings, Inc. will post 4.05 EPS for the current year.

Insider Activity at NMI

In other NMI news, Director James G. Jones sold 54,900 shares of the business’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $30.16, for a total transaction of $1,655,784.00. Following the completion of the sale, the director now owns 57,641 shares of the company’s stock, valued at $1,738,452.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other NMI news, Director James G. Jones sold 54,900 shares of the business’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $30.16, for a total transaction of $1,655,784.00. Following the completion of the sale, the director now owns 57,641 shares of the company’s stock, valued at $1,738,452.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Robert Owen Smith sold 3,000 shares of the business’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $31.19, for a total value of $93,570.00. Following the sale, the executive vice president now directly owns 82,612 shares of the company’s stock, valued at approximately $2,576,668.28. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 145,158 shares of company stock worth $4,395,582. 2.70% of the stock is owned by insiders.

Wall Street Analyst Weigh In

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

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.