NMI Holdings, Inc. (NASDAQ:NMIH) Shares Purchased by Fox Run Management L.L.C.

Fox Run Management L.L.C. lifted its stake in NMI Holdings, Inc. (NASDAQ:NMIH) by 27.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 30,702 shares of the financial services provider’s stock after purchasing an additional 6,605 shares during the period. Fox Run Management L.L.C.’s holdings in NMI were worth $1,129,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in NMIH. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of NMI by 28.2% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 53,897 shares of the financial services provider’s stock valued at $2,220,000 after purchasing an additional 11,860 shares during the last quarter. Moran Wealth Management LLC grew its position in NMI by 33.6% in the third quarter. Moran Wealth Management LLC now owns 14,244 shares of the financial services provider’s stock worth $587,000 after acquiring an additional 3,585 shares during the period. Intech Investment Management LLC grew its position in NMI by 50.8% in the third quarter. Intech Investment Management LLC now owns 35,011 shares of the financial services provider’s stock worth $1,442,000 after acquiring an additional 11,798 shares during the period. Charles Schwab Investment Management Inc. grew its position in NMI by 2.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,064,081 shares of the financial services provider’s stock worth $43,829,000 after acquiring an additional 22,756 shares during the period. Finally, Citigroup Inc. grew its position in NMI by 95.4% in the third quarter. Citigroup Inc. now owns 129,180 shares of the financial services provider’s stock worth $5,321,000 after acquiring an additional 63,058 shares during the period. Institutional investors and hedge funds own 94.12% of the company’s stock.

NMI Trading Down 0.5 %

NMIH opened at $35.29 on Friday. NMI Holdings, Inc. has a 52 week low of $29.05 and a 52 week high of $42.49. The business has a fifty day simple moving average of $36.45 and a 200-day simple moving average of $38.11. The firm has a market cap of $2.77 billion, a P/E ratio of 7.97, a P/E/G ratio of 1.41 and a beta of 1.02. The company has a quick ratio of 0.83, a current ratio of 0.60 and a debt-to-equity ratio of 0.19.

NMI (NASDAQ:NMIH) last released its earnings results on Wednesday, February 12th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.07). NMI had a net margin of 55.32% and a return on equity of 17.33%. On average, equities analysts expect that NMI Holdings, Inc. will post 4.62 earnings per share for the current year.

Insider Activity at NMI

In other NMI news, EVP Norman Peter Fitzgerald sold 20,000 shares of the firm’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $35.88, for a total value of $717,600.00. Following the sale, the executive vice president now directly owns 37,470 shares in the company, valued at $1,344,423.60. This trade represents a 34.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Mohammad Nawaz Yousaf sold 1,083 shares of the firm’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $35.44, for a total value of $38,381.52. Following the completion of the sale, the executive vice president now owns 49,218 shares in the company, valued at approximately $1,744,285.92. This represents a 2.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.40% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Barclays lowered NMI from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $48.00 to $41.00 in a research report on Monday, January 6th. JPMorgan Chase & Co. lowered their price objective on NMI from $46.00 to $41.00 and set an “overweight” rating for the company in a research report on Monday, December 9th. Keefe, Bruyette & Woods upgraded NMI from a “market perform” rating to an “outperform” rating and set a $43.00 price objective for the company in a research report on Monday, February 24th. Finally, UBS Group lowered their price objective on NMI from $42.00 to $41.00 and set a “neutral” rating for the company in a research report on Wednesday, February 19th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $42.29.

NMI 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.