SG Americas Securities LLC purchased a new position in shares of NMI Holdings Inc (NASDAQ:NMIH) in the third quarter, according to its most recent disclosure with the SEC. The firm purchased 12,594 shares of the financial services provider’s stock, valued at approximately $156,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. California Public Employees Retirement System acquired a new position in shares of NMI during the 1st quarter valued at about $239,000. Bank of Montreal Can increased its holdings in shares of NMI by 1,484.7% during the 2nd quarter. Bank of Montreal Can now owns 19,524 shares of the financial services provider’s stock valued at $224,000 after acquiring an additional 18,292 shares during the last quarter. Schwab Charles Investment Management Inc. increased its holdings in shares of NMI by 1.4% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 233,416 shares of the financial services provider’s stock valued at $2,673,000 after acquiring an additional 3,179 shares during the last quarter. Rhumbline Advisers increased its holdings in shares of NMI by 11.9% during the 2nd quarter. Rhumbline Advisers now owns 64,952 shares of the financial services provider’s stock valued at $744,000 after acquiring an additional 6,912 shares during the last quarter. Finally, Legal & General Group Plc increased its holdings in shares of NMI by 8.8% during the 2nd quarter. Legal & General Group Plc now owns 13,003 shares of the financial services provider’s stock valued at $149,000 after acquiring an additional 1,047 shares during the last quarter. 83.57% of the stock is owned by institutional investors.

NMIH has been the topic of a number of research analyst reports. BTIG Research reaffirmed a “buy” rating and issued a $21.00 target price (up previously from $17.00) on shares of NMI in a report on Wednesday, December 20th. ValuEngine lowered NMI from a “buy” rating to a “hold” rating in a report on Monday, December 4th. B. Riley reaffirmed a “buy” rating on shares of NMI in a report on Monday, November 6th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $19.50 target price on shares of NMI in a report on Friday, November 3rd. Finally, Deutsche Bank lowered NMI from a “buy” rating to a “hold” rating and set a $16.00 target price on the stock. in a report on Friday, November 3rd. One analyst has rated the stock with a sell rating, three have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. NMI has an average rating of “Buy” and an average target price of $16.50.

In other NMI news, COO Claudia J. Merkle sold 15,000 shares of NMI stock in a transaction on Monday, December 4th. The stock was sold at an average price of $17.80, for a total value of $267,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Julie Norberg sold 16,600 shares of NMI stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $16.73, for a total value of $277,718.00. Following the completion of the transaction, the vice president now owns 32,305 shares of the company’s stock, valued at approximately $540,462.65. The disclosure for this sale can be found here. In the last quarter, insiders sold 41,600 shares of company stock valued at $714,618. Corporate insiders own 5.40% of the company’s stock.

NMI Holdings Inc (NASDAQ:NMIH) opened at $17.45 on Wednesday. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $1,044.58, a P/E ratio of 12.46 and a beta of 0.84. NMI Holdings Inc has a 52-week low of $9.90 and a 52-week high of $18.05.

NMI (NASDAQ:NMIH) last posted its earnings results on Wednesday, November 1st. The financial services provider reported $0.20 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.06. The business had revenue of $48.95 million during the quarter, compared to the consensus estimate of $45.79 million. NMI had a return on equity of 6.95% and a net margin of 51.80%. NMI’s revenue was up 37.8% on a year-over-year basis. During the same quarter last year, the company earned $0.10 EPS. analysts forecast that NMI Holdings Inc will post 0.56 earnings per share for the current fiscal year.

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NMI 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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Institutional Ownership by Quarter for NMI (NASDAQ:NMIH)

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