Xponance Inc. Buys 281 Shares of NMI Holdings Inc (NASDAQ:NMIH)

Xponance Inc. increased its stake in shares of NMI Holdings Inc (NASDAQ:NMIH) by 5.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,917 shares of the financial services provider’s stock after acquiring an additional 281 shares during the quarter. Xponance Inc.’s holdings in NMI were worth $213,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Assenagon Asset Management S.A. boosted its position in shares of NMI by 70.9% during the first quarter. Assenagon Asset Management S.A. now owns 2,034,419 shares of the financial services provider’s stock valued at $73,341,000 after purchasing an additional 844,037 shares in the last quarter. Norges Bank bought a new stake in shares of NMI during the fourth quarter valued at approximately $13,174,000. Donald Smith & CO. Inc. boosted its position in shares of NMI by 34.8% during 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 in the last quarter. Capital World Investors boosted its position in shares of NMI by 21.1% during the fourth quarter. Capital World Investors now owns 1,150,000 shares of the financial services provider’s stock valued at $42,274,000 after purchasing an additional 200,000 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position 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 valued at $35,726,000 after purchasing an additional 196,059 shares in the last quarter. 94.12% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

NMIH has been the topic of several analyst reports. Barclays boosted their target price on NMI from $41.00 to $42.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 8th. Keefe, Bruyette & Woods cut NMI from an “outperform” rating to a “market perform” rating and boosted their price target for the stock from $42.00 to $43.00 in a research note on Monday, July 7th. Compass Point restated a “buy” rating and issued a $37.00 price target (up previously from $34.00) on shares of NMI in a research note on Friday, May 23rd. Wall Street Zen cut NMI from a “buy” rating to a “hold” rating in a research note on Saturday, July 12th. Finally, JPMorgan Chase & Co. boosted their price target on NMI from $41.00 to $44.00 and gave the stock an “overweight” rating in a research note on Friday, July 11th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, NMI has an average rating of “Moderate Buy” and an average target price of $43.00.

NMI Trading Up 0.4%

NMIH opened at $38.01 on Friday. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $2.97 billion, a P/E ratio of 8.21, a PEG ratio of 1.16 and a beta of 0.55. The stock’s fifty day moving average is $39.73 and its two-hundred day moving average is $37.22. NMI Holdings Inc has a 52 week low of $31.90 and a 52 week high of $43.20.

NMI (NASDAQ:NMIH) last announced its earnings results on Tuesday, April 29th. The financial services provider reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.18. The business had revenue of $173.25 million for the quarter, compared to analysts’ expectations of $169.04 million. NMI had a return on equity of 17.27% and a net margin of 55.93%. The business’s revenue for the quarter was up 10.8% on a year-over-year basis. During the same quarter last year, the firm earned $1.08 EPS. Analysts forecast that NMI Holdings Inc will post 4.62 earnings per share for the current year.

Insider Buying and Selling at NMI

In related news, CEO Adam Pollitzer sold 57,166 shares of NMI stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $36.54, for a total value of $2,088,845.64. Following the sale, the chief executive officer directly owned 329,465 shares in the company, valued at approximately $12,038,651.10. The trade was a 14.79% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Robert Owen Smith sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $36.58, for a total value of $731,600.00. Following the transaction, the executive vice president owned 84,566 shares in the company, valued at approximately $3,093,424.28. This represents a 19.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 113,697 shares of company stock worth $4,210,337. Insiders own 3.00% 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.