UBS Asset Management Americas Inc. held its position in shares of NMI Holdings Inc (NASDAQ:NMIH) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,222 shares of the financial services provider’s stock at the end of the first quarter. UBS Asset Management Americas Inc.’s holdings in NMI Holdings were worth $242,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Strs Ohio increased its stake in NMI Holdings by 26.5% in the first quarter. Strs Ohio now owns 64,400 shares of the financial services provider’s stock worth $734,000 after buying an additional 13,500 shares during the last quarter. Wells Fargo & Company MN increased its stake in shares of NMI Holdings by 99.0% in the first quarter. Wells Fargo & Company MN now owns 65,100 shares of the financial services provider’s stock valued at $742,000 after buying an additional 32,389 shares in the last quarter. Highbridge Capital Management LLC increased its stake in shares of NMI Holdings by 12.4% in the fourth quarter. Highbridge Capital Management LLC now owns 126,523 shares of the financial services provider’s stock valued at $1,347,000 after buying an additional 13,922 shares in the last quarter. Teachers Advisors LLC increased its position in NMI Holdings by 54.5% in the fourth quarter. Teachers Advisors LLC now owns 139,962 shares of the financial services provider’s stock valued at $1,491,000 after buying an additional 49,348 shares during the period. Finally, AQR Capital Management LLC increased its position in NMI Holdings by 74.7% in the fourth quarter. AQR Capital Management LLC now owns 141,058 shares of the financial services provider’s stock valued at $1,502,000 after buying an additional 60,321 shares during the period. 80.58% of the stock is currently owned by hedge funds and other institutional investors.
NMI Holdings Inc (NMIH) opened at 11.35 on Friday. The company has a market capitalization of $679.43 million, a price-to-earnings ratio of 9.03 and a beta of 0.64. The company’s 50-day moving average price is $11.79 and its 200 day moving average price is $11.35. NMI Holdings Inc has a 52 week low of $7.12 and a 52 week high of $12.70.
NMI Holdings (NASDAQ:NMIH) last announced its earnings results on Tuesday, August 1st. The financial services provider reported $0.10 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.10. NMI Holdings had a net margin of 52.34% and a return on equity of 5.95%. The company had revenue of $42.20 million for the quarter, compared to analysts’ expectations of $41.13 million. During the same period last year, the firm earned $0.03 earnings per share. The business’s revenue for the quarter was up 43.1% on a year-over-year basis. On average, analysts predict that NMI Holdings Inc will post $0.52 EPS for the current year.
Several equities research analysts have commented on the company. BidaskClub upgraded NMI Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, August 9th. Keefe, Bruyette & Woods lowered NMI Holdings from an “outperform” rating to a “market perform” rating and set a $13.00 price objective for the company. in a research note on Monday, July 17th. Zacks Investment Research raised NMI Holdings from a “sell” rating to a “hold” rating in a report on Thursday, August 10th. Compass Point downgraded NMI Holdings from a “buy” rating to a “neutral” rating and set a $13.00 price target on the stock. in a report on Tuesday, August 8th. Finally, Deutsche Bank AG set a $15.00 target price on NMI Holdings and gave the company a “buy” rating in a research report on Wednesday, August 2nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $12.67.
In other news, Director Regina Muehlhauser acquired 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 15th. The shares were acquired at an average cost of $11.03 per share, with a total value of $110,300.00. Following the completion of the purchase, the director now directly owns 21,578 shares of the company’s stock, valued at approximately $238,005.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Bradley M. Shuster sold 89,227 shares of the firm’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $11.81, for a total transaction of $1,053,770.87. The disclosure for this sale can be found here. Insiders have sold 159,227 shares of company stock worth $1,873,071 over the last ninety days. Insiders own 5.40% of the company’s stock.
About NMI Holdings
NMI Holdings, Inc (NMIH) provides private mortgage guaranty insurance through its insurance subsidiaries. The Company’s primary insurance subsidiary, National Mortgage Insurance Corporation (NMIC), is a mortgage insurance (MI) provider on loans purchased by the Government-sponsored enterprises (GSEs).
What are top analysts saying about NMI Holdings Inc? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for NMI Holdings Inc and related companies.