MERIAN GLOBAL INVESTORS UK Ltd lessened its holdings in NMI Holdings Inc (NASDAQ:NMIH) by 3.9% in the third quarter, HoldingsChannel.com reports. The fund owned 370,194 shares of the financial services provider’s stock after selling 14,997 shares during the period. MERIAN GLOBAL INVESTORS UK Ltd’s holdings in NMI were worth $8,384,000 as of its most recent filing with the SEC.
Other institutional investors have also made changes to their positions in the company. Glen Harbor Capital Management LLC boosted its position in shares of NMI by 70.0% in the second quarter. Glen Harbor Capital Management LLC now owns 6,358 shares of the financial services provider’s stock valued at $104,000 after acquiring an additional 2,618 shares during the period. Itau Unibanco Holding S.A. bought a new stake in shares of NMI in the second quarter valued at about $129,000. Kessler Investment Group LLC bought a new stake in shares of NMI in the second quarter valued at about $133,000. Nisa Investment Advisors LLC bought a new stake in shares of NMI in the second quarter valued at about $144,000. Finally, Meadow Creek Investment Management LLC boosted its position in shares of NMI by 70.0% in the second quarter. Meadow Creek Investment Management LLC now owns 9,826 shares of the financial services provider’s stock valued at $160,000 after acquiring an additional 4,046 shares during the period. 90.48% of the stock is owned by institutional investors.
NMIH stock opened at $19.50 on Friday. The stock has a market capitalization of $1.33 billion, a P/E ratio of 34.21 and a beta of 1.11. NMI Holdings Inc has a 52 week low of $13.35 and a 52 week high of $24.50. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.27 and a quick ratio of 0.27.
NMI (NASDAQ:NMIH) last posted its quarterly earnings results on Wednesday, August 1st. The financial services provider reported $0.40 EPS for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.05. The business had revenue of $67.45 million during the quarter. NMI had a return on equity of 13.46% and a net margin of 25.23%. On average, sell-side analysts predict that NMI Holdings Inc will post 1.55 earnings per share for the current fiscal year.
A number of equities research analysts have recently issued reports on NMIH shares. Compass Point reissued a “buy” rating and issued a $24.00 target price on shares of NMI in a research report on Thursday, August 2nd. Zacks Investment Research downgraded NMI from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 4th. BidaskClub raised NMI from a “hold” rating to a “buy” rating in a research note on Friday, July 20th. Keefe, Bruyette & Woods downgraded NMI from an “outperform” rating to a “market perform” rating and set a $23.50 price target for the company. in a research note on Monday, August 6th. Finally, Susquehanna Bancshares boosted their price target on NMI from $21.00 to $24.00 and gave the company a “buy” rating in a research note on Thursday, August 2nd. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $23.61.
In other NMI news, CEO Bradley M. Shuster sold 83,184 shares of the business’s stock in a transaction dated Tuesday, September 18th. The stock was sold at an average price of $22.23, for a total transaction of $1,849,180.32. Following the completion of the transaction, the chief executive officer now owns 643,056 shares of the company’s stock, valued at $14,295,134.88. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP William J. Leatherberry sold 25,000 shares of the business’s stock in a transaction dated Friday, August 24th. The stock was sold at an average price of $22.26, for a total value of $556,500.00. Following the transaction, the executive vice president now directly owns 172,374 shares of the company’s stock, valued at approximately $3,837,045.24. The disclosure for this sale can be found here. In the last ninety days, insiders sold 438,220 shares of company stock valued at $9,503,491. 5.70% of the stock is owned by insiders.
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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