Cerity Partners LLC Raises Holdings in NMI Holdings, Inc. (NASDAQ:NMIH)

Cerity Partners LLC lifted its stake in NMI Holdings, Inc. (NASDAQ:NMIH) by 38.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 24,657 shares of the financial services provider’s stock after purchasing an additional 6,829 shares during the quarter. Cerity Partners LLC’s holdings in NMI were worth $919,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of NMI by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 7,158,877 shares of the financial services provider’s stock worth $263,160,000 after buying an additional 39,503 shares during the period. American Century Companies Inc. grew its stake in NMI by 8.0% during the 4th quarter. American Century Companies Inc. now owns 1,957,179 shares of the financial services provider’s stock valued at $71,946,000 after purchasing an additional 145,591 shares during the last quarter. Donald Smith & CO. Inc. increased its holdings in shares of NMI by 34.8% in the fourth quarter. Donald Smith & CO. Inc. now owns 1,307,868 shares of the financial services provider’s stock valued at $48,077,000 after purchasing an additional 337,996 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of NMI by 1.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,075,428 shares of the financial services provider’s stock worth $39,533,000 after purchasing an additional 11,347 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of NMI by 25.3% during the fourth quarter. JPMorgan Chase & Co. now owns 971,863 shares of the financial services provider’s stock worth $35,726,000 after purchasing an additional 196,059 shares during the period. 94.12% of the stock is currently owned by institutional investors and hedge funds.

NMI Price Performance

Shares of NMI stock opened at $33.68 on Friday. The firm has a market cap of $2.64 billion, a PE ratio of 7.60, a P/E/G ratio of 1.41 and a beta of 0.62. NMI Holdings, Inc. has a twelve month low of $29.92 and a twelve month high of $42.49. The company has a quick ratio of 0.83, a current ratio of 0.60 and a debt-to-equity ratio of 0.19. The business has a 50-day moving average price of $35.12 and a 200 day moving average price of $37.19.

NMI (NASDAQ:NMIH) last posted its quarterly earnings data on Wednesday, February 12th. The financial services provider reported $1.07 EPS for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.07). NMI had a net margin of 55.32% and a return on equity of 17.33%. Sell-side analysts predict that NMI Holdings, Inc. will post 4.62 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Mohammad Nawaz Yousaf sold 1,083 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $35.44, for a total value of $38,381.52. Following the transaction, the executive vice president now owns 49,218 shares in the company, valued at $1,744,285.92. This trade represents a 2.15 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Norman Peter Fitzgerald sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $35.88, for a total value of $717,600.00. Following the sale, the executive vice president now owns 37,470 shares of the company’s stock, valued at $1,344,423.60. The trade was a 34.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Barclays cut shares of NMI from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $48.00 to $41.00 in a research note on Monday, January 6th. UBS Group decreased their target price on shares of NMI from $42.00 to $41.00 and set a “neutral” rating for the company in a research report on Wednesday, February 19th. Keefe, Bruyette & Woods cut their price target on NMI from $43.00 to $42.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 8th. Finally, JPMorgan Chase & Co. decreased their price objective on NMI from $42.00 to $41.00 and set an “overweight” rating for the company in a report on Tuesday, April 8th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $42.14.

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.