NMI Holdings, Inc. (NASDAQ:NMIH) Shares Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. raised its holdings in NMI Holdings, Inc. (NASDAQ:NMIH) by 2.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 36,949 shares of the financial services provider’s stock after acquiring an additional 1,015 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in NMI were worth $1,097,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. SG Americas Securities LLC acquired a new stake in shares of NMI in the third quarter valued at approximately $1,042,000. Denali Advisors LLC increased its stake in shares of NMI by 124.4% in the 3rd quarter. Denali Advisors LLC now owns 19,300 shares of the financial services provider’s stock worth $523,000 after acquiring an additional 10,700 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of NMI during the 3rd quarter worth $1,168,000. Raymond James & Associates boosted its position in shares of NMI by 4.5% during the 3rd quarter. Raymond James & Associates now owns 120,880 shares of the financial services provider’s stock valued at $3,275,000 after acquiring an additional 5,212 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of NMI by 15.7% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,029 shares of the financial services provider’s stock valued at $488,000 after purchasing an additional 2,447 shares during the period. 94.12% of the stock is owned by hedge funds and other institutional investors.

NMI Stock Performance

Shares of NMI stock opened at $30.48 on Tuesday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.73 and a quick ratio of 0.73. The stock has a market capitalization of $2.46 billion, a price-to-earnings ratio of 7.94, a price-to-earnings-growth ratio of 1.11 and a beta of 1.06. The business has a 50-day moving average of $30.23 and a 200 day moving average of $29.29. NMI Holdings, Inc. has a 12 month low of $22.22 and a 12 month high of $32.50.

NMI (NASDAQ:NMIH) last announced its quarterly earnings data on Wednesday, February 14th. The financial services provider reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.06. The firm had revenue of $151.38 million during the quarter, compared to analysts’ expectations of $131.70 million. NMI had a net margin of 55.63% and a return on equity of 17.97%. The business’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.86 earnings per share. As a group, sell-side analysts forecast that NMI Holdings, Inc. will post 4.05 earnings per share for the current year.

Wall Street Analysts Forecast Growth

NMIH has been the topic of several recent analyst reports. Keefe, Bruyette & Woods boosted their target price on shares of NMI from $33.00 to $36.00 and gave the company a “market perform” rating in a report on Thursday, April 4th. Royal Bank of Canada increased their price objective on NMI from $31.00 to $33.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 15th. Truist Financial lifted their target price on NMI from $34.00 to $36.00 and gave the company a “buy” rating in a research report on Thursday, February 15th. JPMorgan Chase & Co. increased their price target on NMI from $34.00 to $35.00 and gave the stock an “overweight” rating in a report on Wednesday, April 3rd. Finally, StockNews.com lowered shares of NMI from a “buy” rating to a “hold” rating in a report on Thursday, March 21st. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $34.44.

Insider Transactions at NMI

In related news, Director James G. Jones sold 54,900 shares of the business’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $30.16, for a total transaction of $1,655,784.00. Following the completion of the transaction, the director now directly owns 57,641 shares of the company’s stock, valued at approximately $1,738,452.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director James G. Jones sold 54,900 shares of the business’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $30.16, for a total transaction of $1,655,784.00. Following the completion of the transaction, the director now directly owns 57,641 shares of the company’s stock, valued at $1,738,452.56. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director James G. Jones sold 48,294 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $30.46, for a total transaction of $1,471,035.24. Following the sale, the director now owns 5,847 shares in the company, valued at $178,099.62. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 145,158 shares of company stock valued at $4,395,582. 2.40% of the stock is currently owned by company insiders.

About NMI

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.