NMI Holdings, Inc. (NASDAQ:NMIH) Shares Bought by TFO Wealth Partners LLC

TFO Wealth Partners LLC boosted its holdings in shares of NMI Holdings, Inc. (NASDAQ:NMIHFree Report) by 24,500.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,230 shares of the financial services provider’s stock after purchasing an additional 1,225 shares during the period. TFO Wealth Partners LLC’s holdings in NMI were worth $37,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Daiwa Securities Group Inc. acquired a new position in NMI during the fourth quarter valued at $27,000. Robeco Institutional Asset Management B.V. purchased a new position in NMI in the fourth quarter valued at $145,000. Quadrant Capital Group LLC increased its holdings in NMI by 6.1% in the fourth quarter. Quadrant Capital Group LLC now owns 6,071 shares of the financial services provider’s stock valued at $180,000 after buying an additional 350 shares in the last quarter. Inceptionr LLC purchased a new position in NMI in the fourth quarter valued at $217,000. Finally, DekaBank Deutsche Girozentrale purchased a new position in NMI in the third quarter valued at $204,000. 94.12% of the stock is currently owned by institutional investors and hedge funds.

NMI Price Performance

Shares of NASDAQ NMIH opened at $33.02 on Friday. NMI Holdings, Inc. has a 12-month low of $24.53 and a 12-month high of $34.33. The stock has a market cap of $2.65 billion, a PE ratio of 8.17, a P/E/G ratio of 1.13 and a beta of 1.08. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.20. The company has a 50-day moving average of $32.00 and a 200 day moving average of $30.44.

NMI (NASDAQ:NMIHGet Free Report) last announced its quarterly earnings data on Tuesday, April 30th. The financial services provider reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.12. NMI had a net margin of 56.26% and a return on equity of 18.09%. The company had revenue of $156.25 million during the quarter, compared to analysts’ expectations of $133.76 million. During the same quarter in the prior year, the company earned $0.88 EPS. NMI’s revenue was up 14.2% compared to the same quarter last year. As a group, sell-side analysts predict that NMI Holdings, Inc. will post 4.24 EPS for the current fiscal year.

Insider Buying and Selling at NMI

In other NMI news, 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 transaction, the executive vice president now directly owns 82,612 shares in the company, valued at approximately $2,576,668.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other NMI news, Director James G. Jones sold 48,294 shares of the business’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $30.46, for a total value of $1,471,035.24. Following the transaction, the director now directly owns 5,847 shares in the company, valued at approximately $178,099.62. The transaction was disclosed in a document filed 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 transaction of $93,570.00. Following the completion of the transaction, the executive vice president now owns 82,612 shares in the company, valued at $2,576,668.28. The disclosure for this sale can be found here. Insiders have sold 67,463 shares of company stock worth $2,050,051 in the last ninety days. 2.70% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts have recently commented on NMIH shares. JPMorgan Chase & Co. boosted their target price on shares of NMI from $35.00 to $36.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 1st. Royal Bank of Canada boosted their target price on shares of NMI from $31.00 to $33.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 15th. Keefe, Bruyette & Woods boosted their target price on shares of NMI from $33.00 to $36.00 and gave the stock a “market perform” rating in a research note on Thursday, April 4th. StockNews.com cut shares of NMI from a “buy” rating to a “hold” rating in a research note on Monday. Finally, Truist Financial boosted their target price on shares of NMI from $36.00 to $37.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, NMI presently has an average rating of “Moderate Buy” and a consensus target price of $35.56.

Read Our Latest Analysis on NMI

About NMI

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for NMI (NASDAQ:NMIH)

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