NMI Holdings, Inc. (NASDAQ:NMIH) Stock Holdings Lifted by Bokf Na

Bokf Na lifted its position in NMI Holdings, Inc. (NASDAQ:NMIH) by 17.8% in the 4th quarter, Holdings Channel reports. The fund owned 14,112 shares of the financial services provider’s stock after buying an additional 2,130 shares during the period. Bokf Na’s holdings in NMI were worth $492,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bridgeway Capital Management LLC purchased a new stake in shares of NMI in the fourth quarter valued at $1,838,000. Brevan Howard Capital Management LP lifted its stake in NMI by 12.3% in the 4th quarter. Brevan Howard Capital Management LP now owns 11,460 shares of the financial services provider’s stock worth $421,000 after acquiring an additional 1,256 shares in the last quarter. Captrust Financial Advisors acquired a new stake in NMI during the 4th quarter worth about $5,747,000. Bank of America Corp DE grew its stake in NMI by 3.0% during the 4th quarter. Bank of America Corp DE now owns 527,652 shares of the financial services provider’s stock valued at $19,396,000 after acquiring an additional 15,273 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its holdings in shares of NMI by 13.3% in the 4th quarter. BNP Paribas Financial Markets now owns 127,132 shares of the financial services provider’s stock valued at $4,673,000 after purchasing an additional 14,908 shares during the period. Institutional investors and hedge funds own 94.12% of the company’s stock.

NMI Stock Performance

NASDAQ NMIH opened at $37.88 on Friday. The firm has a market cap of $2.96 billion, a price-to-earnings ratio of 8.55, a PEG ratio of 1.41 and a beta of 0.56. NMI Holdings, Inc. has a 1-year low of $31.59 and a 1-year high of $42.49. The company has a 50 day moving average of $35.13 and a 200-day moving average of $36.69. 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 (NASDAQ:NMIH) last announced its quarterly earnings data on Tuesday, April 29th. The financial services provider reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.18. NMI had a return on equity of 17.33% and a net margin of 55.32%. The firm had revenue of $173.25 million during the quarter, compared to analysts’ expectations of $169.04 million. During the same period in the previous year, the business posted $1.08 EPS. The company’s quarterly revenue was up 10.8% compared to the same quarter last year. On average, equities analysts forecast that NMI Holdings, Inc. will post 4.62 earnings per share for the current fiscal year.

Insider Activity at NMI

In other NMI news, EVP Robert Owen Smith sold 20,000 shares of NMI stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $36.58, for a total transaction of $731,600.00. Following the transaction, the executive vice president now directly owns 84,566 shares in the company, valued at approximately $3,093,424.28. The trade was a 19.13 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Adam Pollitzer sold 57,166 shares of the stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $36.54, for a total value of $2,088,845.64. Following the completion of the sale, the chief executive officer now owns 329,465 shares of the company’s stock, valued at $12,038,651.10. This trade represents a 14.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 111,360 shares of company stock worth $4,042,654. 3.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

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