Jackson Creek Investment Advisors LLC Purchases New Position in NMI Holdings, Inc. (NASDAQ:NMIH)

Jackson Creek Investment Advisors LLC purchased a new stake in NMI Holdings, Inc. (NASDAQ:NMIH) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 32,049 shares of the financial services provider’s stock, valued at approximately $951,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Illinois Municipal Retirement Fund increased its stake in shares of NMI by 0.8% in the 4th quarter. Illinois Municipal Retirement Fund now owns 48,423 shares of the financial services provider’s stock valued at $1,437,000 after purchasing an additional 388 shares in the last quarter. Hsbc Holdings PLC increased its stake in NMI by 5.0% during the 3rd quarter. Hsbc Holdings PLC now owns 11,765 shares of the financial services provider’s stock worth $323,000 after buying an additional 565 shares in the last quarter. Cerity Partners LLC increased its stake in NMI by 5.9% during the 4th quarter. Cerity Partners LLC now owns 11,567 shares of the financial services provider’s stock worth $343,000 after buying an additional 644 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in NMI by 3.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,692 shares of the financial services provider’s stock worth $555,000 after buying an additional 663 shares in the last quarter. Finally, Daiwa Securities Group Inc. purchased a new stake in NMI during the 4th quarter worth approximately $27,000. Hedge funds and other institutional investors own 94.12% of the company’s stock.

Insider Buying and Selling at NMI

In other NMI news, VP Nicholas Daniel Realmuto sold 1,249 shares of the company’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $30.23, for a total value of $37,757.27. Following the completion of the transaction, the vice president now owns 10,455 shares in the company, valued at $316,054.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other NMI news, VP Nicholas Daniel Realmuto sold 1,249 shares of the company’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $30.23, for a total value of $37,757.27. Following the completion of the transaction, the vice president now owns 10,455 shares in the company, valued at $316,054.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Bradley M. Shuster sold 6,559 shares of the company’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $29.81, for a total transaction of $195,523.79. Following the completion of the transaction, the chairman now owns 453,298 shares of the company’s stock, valued at approximately $13,512,813.38. The disclosure for this sale can be found here. Insiders sold 145,158 shares of company stock worth $4,395,582 over the last 90 days. Corporate insiders own 2.40% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. StockNews.com lowered NMI from a “buy” rating to a “hold” rating in a research note on Thursday, March 21st. JPMorgan Chase & Co. boosted their price objective on NMI from $34.00 to $35.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 3rd. Royal Bank of Canada boosted their target price on NMI from $31.00 to $33.00 and gave the stock a “sector perform” rating in a report on Thursday, February 15th. Truist Financial upped their price objective on NMI from $34.00 to $36.00 and gave the company a “buy” rating in a report on Thursday, February 15th. Finally, Keefe, Bruyette & Woods upped their price target on NMI from $33.00 to $36.00 and gave the stock a “market perform” rating in a research note on Thursday, April 4th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, NMI currently has an average rating of “Moderate Buy” and an average target price of $34.44.

NMI Stock Down 0.9 %

NASDAQ:NMIH traded down $0.27 during trading hours on Tuesday, hitting $30.86. The company’s stock had a trading volume of 578,074 shares, compared to its average volume of 544,455. The stock has a market capitalization of $2.49 billion, a P/E ratio of 8.04, a price-to-earnings-growth ratio of 1.15 and a beta of 1.06. The stock has a fifty day moving average of $30.37 and a 200-day moving average of $29.42. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.21. NMI Holdings, Inc. has a 52-week low of $22.40 and a 52-week high of $32.50.

NMI (NASDAQ:NMIH) last posted its earnings results on Wednesday, February 14th. The financial services provider reported $1.01 EPS for the quarter, beating the consensus estimate of $0.95 by $0.06. NMI had a return on equity of 17.97% and a net margin of 55.63%. The firm had revenue of $151.38 million for the quarter, compared to analyst estimates of $131.70 million. During the same quarter in the prior year, the company posted $0.86 earnings per share. NMI’s revenue for the quarter was up 13.7% compared to the same quarter last year. On average, equities analysts forecast that NMI Holdings, Inc. will post 4.05 earnings per share for the current year.

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.