NMI Holdings Inc $NMIH Shares Purchased by Voya Investment Management LLC

Voya Investment Management LLC increased its position in shares of NMI Holdings Inc (NASDAQ:NMIH) by 35.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 78,349 shares of the financial services provider’s stock after purchasing an additional 20,536 shares during the quarter. Voya Investment Management LLC owned 0.10% of NMI worth $2,824,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of NMIH. Cetera Investment Advisers increased its position in shares of NMI by 8.6% in the fourth quarter. Cetera Investment Advisers now owns 6,006 shares of the financial services provider’s stock valued at $221,000 after buying an additional 476 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of NMI by 4.0% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 44,654 shares of the financial services provider’s stock worth $1,641,000 after purchasing an additional 1,712 shares in the last quarter. Quantinno Capital Management LP purchased a new stake in shares of NMI during the fourth quarter worth approximately $213,000. ProShare Advisors LLC increased its position in shares of NMI by 44.3% during the fourth quarter. ProShare Advisors LLC now owns 23,658 shares of the financial services provider’s stock worth $870,000 after purchasing an additional 7,265 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of NMI by 23.0% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 163,780 shares of the financial services provider’s stock worth $6,021,000 after purchasing an additional 30,607 shares in the last quarter. 94.12% of the stock is currently owned by hedge funds and other institutional investors.

NMI Price Performance

Shares of NASDAQ:NMIH opened at $39.46 on Friday. The business has a fifty day simple moving average of $38.86 and a 200-day simple moving average of $37.92. NMI Holdings Inc has a 52 week low of $31.90 and a 52 week high of $43.20. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.17. The company has a market cap of $3.06 billion, a P/E ratio of 8.38, a P/E/G ratio of 1.14 and a beta of 0.55.

NMI (NASDAQ:NMIH) last posted its quarterly earnings results on Tuesday, July 29th. The financial services provider reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.16 by $0.06. NMI had a return on equity of 16.51% and a net margin of 55.57%.The firm had revenue of $149.07 million during the quarter, compared to the consensus estimate of $173.39 million. During the same quarter in the previous year, the business earned $1.20 earnings per share. The firm’s quarterly revenue was up 7.2% compared to the same quarter last year. Equities research analysts forecast that NMI Holdings Inc will post 4.62 EPS for the current year.

Insider Activity at NMI

In other NMI news, Director Steven Scheid sold 19,926 shares of the business’s stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $39.31, for a total transaction of $783,291.06. Following the transaction, the director owned 78,960 shares in the company, valued at $3,103,917.60. The trade was a 20.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.00% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages recently commented on NMIH. Barclays boosted their price target on NMI from $41.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 8th. Wall Street Zen lowered NMI from a “buy” rating to a “hold” rating in a research note on Saturday, July 12th. JPMorgan Chase & Co. boosted their price objective on NMI from $41.00 to $44.00 and gave the stock an “overweight” rating in a research note on Friday, July 11th. Finally, Keefe, Bruyette & Woods lowered NMI from an “outperform” rating to a “market perform” rating and boosted their price objective for the stock from $42.00 to $43.00 in a research note on Monday, July 7th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, NMI presently has a consensus rating of “Moderate Buy” and an average price target of $42.33.

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.