Virtus Investment Advisers Inc. Boosts Holdings in NMI Holdings, Inc. (NASDAQ:NMIH)

Virtus Investment Advisers Inc. grew its holdings in shares of NMI Holdings, Inc. (NASDAQ:NMIH) by 13.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 42,806 shares of the financial services provider’s stock after buying an additional 5,200 shares during the quarter. NMI accounts for about 1.2% of Virtus Investment Advisers Inc.’s investment portfolio, making the stock its 11th biggest position. Virtus Investment Advisers Inc. owned 0.05% of NMI worth $1,574,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. raised its holdings in shares of NMI by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 7,158,877 shares of the financial services provider’s stock valued at $263,160,000 after purchasing an additional 39,503 shares in the last quarter. American Century Companies Inc. boosted its position in shares of NMI by 8.0% in the 4th quarter. American Century Companies Inc. now owns 1,957,179 shares of the financial services provider’s stock worth $71,946,000 after purchasing an additional 145,591 shares in the last quarter. Donald Smith & CO. Inc. grew its stake in NMI by 34.8% during the 4th quarter. Donald Smith & CO. Inc. now owns 1,307,868 shares of the financial services provider’s stock worth $48,077,000 after buying an additional 337,996 shares during the last quarter. Nuveen Asset Management LLC raised its stake in NMI by 0.4% in the fourth quarter. Nuveen Asset Management LLC now owns 1,290,675 shares of the financial services provider’s stock valued at $47,445,000 after buying an additional 4,570 shares during the last quarter. Finally, Capital World Investors grew its stake in shares of NMI by 21.1% during the fourth quarter. Capital World Investors now owns 1,150,000 shares of the financial services provider’s stock worth $42,274,000 after acquiring an additional 200,000 shares during the last quarter. Hedge funds and other institutional investors own 94.12% of the company’s stock.

Insiders Place Their Bets

In other NMI news, Director Michael Curry Montgomery sold 1,875 shares of the company’s stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $38.05, for a total value of $71,343.75. Following the completion of the sale, the director now directly owns 66,068 shares in the company, valued at $2,513,887.40. This represents a 2.76% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Mohammad Nawaz Yousaf sold 1,083 shares of the business’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $35.44, for a total transaction of $38,381.52. Following the transaction, the executive vice president now directly owns 49,218 shares in the company, valued at approximately $1,744,285.92. The trade was a 2.15% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 113,235 shares of company stock worth $4,113,998. 3.00% of the stock is owned by corporate insiders.

NMI Trading Up 2.0%

Shares of NASDAQ:NMIH opened at $38.41 on Monday. The company has a current ratio of 0.60, a quick ratio of 0.83 and a debt-to-equity ratio of 0.19. NMI Holdings, Inc. has a 12-month low of $31.59 and a 12-month high of $42.49. The business has a 50 day moving average of $35.40 and a two-hundred day moving average of $36.62. The company has a market capitalization of $3.00 billion, a PE ratio of 8.67, a PEG ratio of 1.41 and a beta of 0.56.

NMI (NASDAQ:NMIH) last announced its quarterly earnings results on Tuesday, April 29th. The financial services provider reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.18. NMI had a net margin of 55.32% and a return on equity of 17.33%. The firm had revenue of $173.25 million for the quarter, compared to the consensus estimate of $169.04 million. During the same period in the prior year, the firm posted $1.08 earnings per share. The firm’s quarterly revenue was up 10.8% compared to the same quarter last year. As a group, analysts forecast that NMI Holdings, Inc. will post 4.62 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. UBS Group decreased their price objective on shares of NMI from $42.00 to $41.00 and set a “neutral” rating for the company in a research report on Wednesday, February 19th. JPMorgan Chase & Co. dropped their price objective on shares of NMI from $42.00 to $41.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. Keefe, Bruyette & Woods reduced their target price on NMI from $43.00 to $42.00 and set an “outperform” rating for the company in a research note on Tuesday, April 8th. Finally, StockNews.com raised NMI from a “hold” rating to a “buy” rating in a report on Monday, May 5th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $43.17.

NMI Company 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.