UBS Asset Management Americas Inc. lifted its holdings in shares of NMI Holdings Inc (NASDAQ:NMIH) by 47.9% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 56,183 shares of the financial services provider’s stock after purchasing an additional 18,197 shares during the quarter. UBS Asset Management Americas Inc.’s holdings in NMI were worth $1,595,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also modified their holdings of the company. BlackRock Inc. lifted its position in shares of NMI by 1.5% during the second quarter. BlackRock Inc. now owns 9,752,543 shares of the financial services provider’s stock worth $276,876,000 after purchasing an additional 143,075 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of NMI by 2.5% during the second quarter. Vanguard Group Inc. now owns 5,354,901 shares of the financial services provider’s stock worth $152,025,000 after purchasing an additional 128,263 shares in the last quarter. FMR LLC lifted its position in shares of NMI by 44.8% during the first quarter. FMR LLC now owns 2,501,047 shares of the financial services provider’s stock worth $64,702,000 after purchasing an additional 773,781 shares in the last quarter. Eagle Asset Management Inc. acquired a new stake in shares of NMI during the second quarter worth about $37,045,000. Finally, Carillon Tower Advisers Inc. acquired a new stake in shares of NMI during the second quarter worth about $31,831,000. 90.66% of the stock is currently owned by institutional investors and hedge funds.
Several brokerages have recently issued reports on NMIH. Zacks Investment Research cut shares of NMI from a “buy” rating to a “hold” rating in a research report on Tuesday. B. Riley set a $30.00 target price on shares of NMI and gave the stock a “hold” rating in a research note on Friday, August 2nd. Credit Suisse Group started coverage on shares of NMI in a research note on Thursday. They set a “neutral” rating and a $30.00 target price on the stock. BidaskClub lowered shares of NMI from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 7th. Finally, ValuEngine lowered shares of NMI from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $30.56.
NMIH stock opened at $26.95 on Friday. The company’s 50 day moving average price is $27.48 and its 200 day moving average price is $27.49. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.43 and a current ratio of 0.43. NMI Holdings Inc has a fifty-two week low of $15.62 and a fifty-two week high of $31.34. The firm has a market capitalization of $1.81 billion, a price-to-earnings ratio of 16.23 and a beta of 1.23.
NMI (NASDAQ:NMIH) last announced its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $0.59 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.04. The company had revenue of $91.18 million for the quarter, compared to analyst estimates of $85.11 million. NMI had a net margin of 41.31% and a return on equity of 19.65%. Equities analysts forecast that NMI Holdings Inc will post 2.4 EPS for the current fiscal year.
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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