LS Investment Advisors LLC acquired a new stake in NMI Holdings Inc (NASDAQ:NMIH) during the 4th quarter, HoldingsChannel reports. The fund acquired 15,461 shares of the financial services provider’s stock, valued at approximately $263,000.
Other institutional investors and hedge funds also recently modified their holdings of the company. First Mercantile Trust Co. bought a new position in shares of NMI in the fourth quarter valued at about $136,000. Macquarie Group Ltd. bought a new position in shares of NMI in the third quarter valued at about $113,000. Eqis Capital Management Inc. bought a new position in shares of NMI in the fourth quarter valued at about $179,000. State of Alaska Department of Revenue bought a new position in shares of NMI in the fourth quarter valued at about $180,000. Finally, Citadel Advisors LLC bought a new position in shares of NMI in the third quarter valued at about $141,000. 88.14% of the stock is currently owned by institutional investors.
Several brokerages have recently weighed in on NMIH. B. Riley reissued a “buy” rating on shares of NMI in a research report on Monday, November 6th. BidaskClub raised shares of NMI from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 9th. Zacks Investment Research lowered shares of NMI from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Susquehanna Bancshares initiated coverage on shares of NMI in a research report on Tuesday. They set a “positive” rating and a $26.00 price target on the stock. Finally, Deutsche Bank lowered shares of NMI from a “buy” rating to a “hold” rating and set a $16.00 price target on the stock. in a research report on Friday, November 3rd. Eight analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $21.07.
NMI (NASDAQ:NMIH) last released its quarterly earnings results on Thursday, February 15th. The financial services provider reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.05. NMI had a net margin of 12.07% and a return on equity of 7.89%. The business had revenue of $54.54 million for the quarter, compared to analyst estimates of $51.32 million. During the same period last year, the firm earned $0.04 earnings per share. NMI’s revenue for the quarter was up 48.9% compared to the same quarter last year. analysts anticipate that NMI Holdings Inc will post 1.37 EPS for the current year.
In other NMI news, COO Claudia J. Merkle sold 15,000 shares of the stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $17.80, for a total transaction of $267,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Patrick L. Mathis sold 10,000 shares of the stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $16.99, for a total transaction of $169,900.00. The disclosure for this sale can be found here. 5.40% of the stock is currently owned by company insiders.
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NMI Company Profile
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).
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