Capital Fund Management S.A. Takes $1.30 Million Position in NMI Holdings Inc $NMIH

Capital Fund Management S.A. purchased a new stake in shares of NMI Holdings Inc (NASDAQ:NMIH) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 30,758 shares of the financial services provider’s stock, valued at approximately $1,298,000.

Several other hedge funds and other institutional investors have also bought and sold shares of NMIH. American Century Companies Inc. increased its position in shares of NMI by 5.4% during the 2nd quarter. American Century Companies Inc. now owns 2,249,799 shares of the financial services provider’s stock valued at $94,919,000 after purchasing an additional 115,854 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of NMI by 0.3% in the 2nd quarter. Geode Capital Management LLC now owns 1,966,970 shares of the financial services provider’s stock worth $82,996,000 after buying an additional 5,628 shares during the last quarter. Millennium Management LLC grew its position in NMI by 209.9% during the first quarter. Millennium Management LLC now owns 1,432,950 shares of the financial services provider’s stock valued at $51,658,000 after buying an additional 970,551 shares during the period. Nuveen LLC purchased a new stake in NMI during the first quarter worth about $44,886,000. Finally, Allianz Asset Management GmbH raised its position in NMI by 76.4% in the second quarter. Allianz Asset Management GmbH now owns 640,158 shares of the financial services provider’s stock worth $27,008,000 after acquiring an additional 277,318 shares during the period. Hedge funds and other institutional investors own 94.12% of the company’s stock.

Insider Buying and Selling

In other news, Director Michael J. Embler sold 20,000 shares of NMI stock in a transaction dated Wednesday, November 19th. The stock was sold at an average price of $36.90, for a total value of $738,000.00. Following the transaction, the director owned 46,046 shares in the company, valued at approximately $1,699,097.40. The trade was a 30.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Steven Scheid sold 19,926 shares of the company’s 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 sale, the director owned 78,960 shares of the company’s stock, valued at $3,103,917.60. This represents a 20.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 3.00% of the company’s stock.

NMI Trading Down 1.8%

Shares of NMIH opened at $37.50 on Friday. The business’s 50-day moving average price is $37.00 and its 200-day moving average price is $38.59. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.17. The stock has a market cap of $2.88 billion, a PE ratio of 7.85, a P/E/G ratio of 1.19 and a beta of 0.66. NMI Holdings Inc has a twelve month low of $31.90 and a twelve month high of $43.20.

NMI (NASDAQ:NMIH) last announced its quarterly earnings results on Tuesday, November 4th. The financial services provider reported $1.21 EPS for the quarter, meeting the consensus estimate of $1.21. NMI had a net margin of 55.02% and a return on equity of 16.08%. The firm had revenue of $171.56 million during the quarter, compared to the consensus estimate of $177.01 million. During the same period last year, the firm earned $1.15 EPS. The business’s quarterly revenue was up 7.6% compared to the same quarter last year. On average, equities analysts forecast that NMI Holdings Inc will post 4.62 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently weighed in on NMIH. Weiss Ratings reissued a “buy (b)” rating on shares of NMI in a research report on Wednesday, October 8th. Barclays reiterated a “cautious” rating on shares of NMI in a research note on Monday, October 6th. Finally, JPMorgan Chase & Co. decreased their target price on NMI from $43.00 to $42.00 and set an “overweight” rating for the company in a research report on Wednesday, November 5th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $41.20.

About NMI

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.