American Century Companies Inc. Increases Stock Position in NMI Holdings, Inc. (NASDAQ:NMIH)

American Century Companies Inc. boosted its holdings in NMI Holdings, Inc. (NASDAQ:NMIH) by 8.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,957,179 shares of the financial services provider’s stock after purchasing an additional 145,591 shares during the quarter. American Century Companies Inc.’s holdings in NMI were worth $71,946,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new stake in shares of NMI in the fourth quarter valued at about $13,136,000. Barclays PLC lifted its position in NMI by 264.4% during the 3rd quarter. Barclays PLC now owns 386,999 shares of the financial services provider’s stock worth $15,940,000 after acquiring an additional 280,809 shares during the period. abrdn plc purchased a new position in shares of NMI in the 4th quarter valued at approximately $8,122,000. Denali Advisors LLC increased its holdings in shares of NMI by 2,446.6% in the fourth quarter. Denali Advisors LLC now owns 175,718 shares of the financial services provider’s stock valued at $6,459,000 after purchasing an additional 168,818 shares during the period. Finally, FMR LLC lifted its holdings in shares of NMI by 7.6% during the third quarter. FMR LLC now owns 1,517,092 shares of the financial services provider’s stock worth $62,489,000 after purchasing an additional 107,771 shares during the period. Institutional investors and hedge funds own 94.12% of the company’s stock.

Analyst Ratings Changes

NMIH has been the topic of several recent research reports. Barclays cut shares of NMI from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $48.00 to $41.00 in a research note on Monday, January 6th. JPMorgan Chase & Co. lowered their price objective on NMI from $46.00 to $41.00 and set an “overweight” rating on the stock in a report on Monday, December 9th. Keefe, Bruyette & Woods raised NMI from a “market perform” rating to an “outperform” rating and set a $43.00 target price for the company in a research note on Monday, February 24th. Finally, UBS Group dropped their price objective on NMI from $42.00 to $41.00 and set a “neutral” rating on the stock in a report on Wednesday, February 19th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, NMI has a consensus rating of “Moderate Buy” and a consensus price target of $42.29.

NMI Stock Down 0.2 %

NMI stock opened at $36.08 on Wednesday. NMI Holdings, Inc. has a fifty-two week low of $29.05 and a fifty-two week high of $42.49. The firm has a market capitalization of $2.83 billion, a price-to-earnings ratio of 8.14, a price-to-earnings-growth ratio of 1.41 and a beta of 1.02. The stock’s fifty day moving average is $36.47 and its two-hundred day moving average is $38.02. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.83 and a current ratio of 0.60.

NMI (NASDAQ:NMIH) last issued its quarterly earnings data on Wednesday, February 12th. The financial services provider reported $1.07 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%. Analysts predict that NMI Holdings, Inc. will post 4.62 EPS for the current fiscal year.

Insider Transactions at NMI

In related news, EVP Mohammad Nawaz Yousaf sold 1,083 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $35.44, for a total transaction of $38,381.52. Following the sale, the executive vice president now owns 49,218 shares of the company’s stock, valued at $1,744,285.92. This trade represents a 2.15 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Norman Peter Fitzgerald sold 20,000 shares of the business’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $35.88, for a total transaction of $717,600.00. Following the completion of the transaction, the executive vice president now directly owns 37,470 shares of the company’s stock, valued at $1,344,423.60. The trade was a 34.80 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.70% of the company’s stock.

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.