NMI Holdings Inc (NMIH) Shares Bought by Primecap Management Co. CA

Primecap Management Co. CA boosted its position in shares of NMI Holdings Inc (NASDAQ:NMIH) by 4.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,268,449 shares of the financial services provider’s stock after acquiring an additional 94,400 shares during the quarter. Primecap Management Co. CA’s holdings in NMI were worth $51,380,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Principal Financial Group Inc. boosted its position in shares of NMI by 13.1% during the 1st quarter. Principal Financial Group Inc. now owns 488,580 shares of the financial services provider’s stock worth $8,086,000 after acquiring an additional 56,467 shares in the last quarter. Xact Kapitalforvaltning AB acquired a new stake in shares of NMI during the 2nd quarter worth approximately $212,000. Bank of Montreal Can acquired a new stake in shares of NMI during the 2nd quarter worth approximately $2,170,000. Nisa Investment Advisors LLC acquired a new stake in NMI in the second quarter valued at approximately $144,000. Finally, Eqis Capital Management Inc. acquired a new stake in NMI in the second quarter valued at approximately $182,000. Institutional investors own 90.58% of the company’s stock.

A number of brokerages have weighed in on NMIH. Zacks Investment Research upgraded shares of NMI from a “hold” rating to a “strong-buy” rating and set a $24.00 target price on the stock in a research report on Friday, November 2nd. BidaskClub lowered shares of NMI from a “strong-buy” rating to a “buy” rating in a research report on Thursday, September 20th. B. Riley raised their target price on shares of NMI from $20.00 to $26.00 and gave the company a “buy” rating in a research report on Tuesday, August 7th. Keefe, Bruyette & Woods upgraded shares of NMI from a “market perform” rating to an “outperform” rating and raised their target price for the company from $25.00 to $28.00 in a research report on Monday, November 5th. Finally, ValuEngine lowered shares of NMI from a “buy” rating to a “hold” rating in a research report on Tuesday, November 20th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. NMI presently has a consensus rating of “Buy” and a consensus price target of $24.89.

In other news, CEO Bradley M. Shuster sold 81,972 shares of the firm’s stock in a transaction on Thursday, September 6th. The shares were sold at an average price of $21.24, for a total transaction of $1,741,085.28. Following the completion of the transaction, the chief executive officer now owns 643,056 shares of the company’s stock, valued at $13,658,509.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Bradley M. Shuster sold 83,184 shares of the firm’s stock in a transaction on Tuesday, September 18th. The shares were sold at an average price of $22.23, for a total transaction of $1,849,180.32. Following the transaction, the chief executive officer now directly owns 643,056 shares of the company’s stock, valued at approximately $14,295,134.88. The disclosure for this sale can be found here. Insiders have sold 241,156 shares of company stock valued at $5,206,026 in the last ninety days. Insiders own 5.70% of the company’s stock.

NMIH stock opened at $19.54 on Monday. The firm has a market cap of $1.30 billion, a PE ratio of 34.28 and a beta of 1.08. NMI Holdings Inc has a 52-week low of $13.35 and a 52-week high of $24.50. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.22.

NMI (NASDAQ:NMIH) last released its quarterly earnings results on Tuesday, October 30th. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.05. The firm had revenue of $71.76 million during the quarter. NMI had a net margin of 27.89% and a return on equity of 15.86%. On average, research analysts predict that NMI Holdings Inc will post 1.6 EPS for the current year.

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NMI Company Profile

NMI Holdings, Inc, through its subsidiaries, provides private mortgage guaranty insurance services in the United States. The company offers mortgage insurance; reinsurance on loans; 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.

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Institutional Ownership by Quarter for NMI (NASDAQ:NMIH)

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