Vanguard Personalized Indexing Management LLC Purchases 1,833 Shares of NMI Holdings Inc $NMIH

Vanguard Personalized Indexing Management LLC increased its position in shares of NMI Holdings Inc (NASDAQ:NMIH) by 28.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,287 shares of the financial services provider’s stock after acquiring an additional 1,833 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in NMI were worth $350,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of NMIH. GAMMA Investing LLC increased its holdings in NMI by 104.2% during the 1st quarter. GAMMA Investing LLC now owns 1,564 shares of the financial services provider’s stock worth $56,000 after acquiring an additional 798 shares during the period. Wealth Enhancement Advisory Services LLC increased its holdings in NMI by 90.8% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 11,543 shares of the financial services provider’s stock worth $416,000 after acquiring an additional 5,492 shares during the period. Moran Wealth Management LLC increased its holdings in NMI by 2.3% during the 1st quarter. Moran Wealth Management LLC now owns 15,867 shares of the financial services provider’s stock worth $572,000 after acquiring an additional 350 shares during the period. Diversified Trust Co increased its holdings in NMI by 2.6% during the 1st quarter. Diversified Trust Co now owns 32,769 shares of the financial services provider’s stock worth $1,181,000 after acquiring an additional 829 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its holdings in NMI by 53.9% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 19,012 shares of the financial services provider’s stock worth $696,000 after acquiring an additional 6,659 shares during the period. Institutional investors own 94.12% of the company’s stock.

NMI Price Performance

NMIH stock opened at $36.82 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.74 and a current ratio of 0.74. NMI Holdings Inc has a 52 week low of $31.90 and a 52 week high of $43.20. The firm’s fifty day moving average is $38.30 and its 200 day moving average is $38.18. The firm has a market cap of $2.86 billion, a P/E ratio of 7.82, a P/E/G ratio of 1.07 and a beta of 0.56.

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

Insider Activity at NMI

In related news, Director Steven Scheid sold 19,926 shares of the stock in a transaction on Monday, September 15th. The shares were 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 of the company’s stock, valued at approximately $3,103,917.60. This trade represents a 20.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 3.00% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on NMIH shares. Wall Street Zen lowered shares of NMI from a “buy” rating to a “hold” rating in a report on Saturday, July 12th. Barclays reissued a “cautious” rating on shares of NMI in a report on Monday, October 6th. Keefe, Bruyette & Woods lowered shares of NMI from an “outperform” rating to a “market perform” rating and increased their price target for the stock from $42.00 to $43.00 in a report on Monday, July 7th. JPMorgan Chase & Co. decreased their price target on shares of NMI from $44.00 to $43.00 and set an “overweight” rating on the stock in a report on Tuesday, October 7th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of NMI in a report on Wednesday, October 8th. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus 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.