Leuthold Group LLC Makes New $2.99 Million Investment in NMI Holdings, Inc. (NASDAQ:NMIH)

Leuthold Group LLC purchased a new position in NMI Holdings, Inc. (NASDAQ:NMIH) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 92,377 shares of the financial services provider’s stock, valued at approximately $2,987,000. Leuthold Group LLC owned 0.12% of NMI at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of NMIH. Norges Bank purchased a new position in NMI during the fourth quarter valued at $20,006,000. Assenagon Asset Management S.A. grew its stake in NMI by 88.1% during the fourth quarter. Assenagon Asset Management S.A. now owns 859,955 shares of the financial services provider’s stock valued at $25,523,000 after acquiring an additional 402,793 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of NMI by 3.4% in the 4th quarter. Vanguard Group Inc. now owns 6,809,208 shares of the financial services provider’s stock worth $202,097,000 after buying an additional 225,364 shares in the last quarter. Comerica Bank purchased a new position in shares of NMI in the 3rd quarter worth $4,914,000. Finally, Eagle Asset Management Inc. purchased a new position in shares of NMI in the 4th quarter worth $5,045,000. 94.12% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

NMIH has been the subject of a number of recent research reports. Compass Point lifted their price objective on shares of NMI from $33.00 to $36.00 and gave the stock a “buy” rating in a research note on Tuesday, May 7th. JPMorgan Chase & Co. lifted their price target on shares of NMI from $36.00 to $40.00 and gave the stock an “overweight” rating in a research note on Monday. UBS Group cut shares of NMI from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $37.00 to $39.00 in a research note on Wednesday, May 22nd. Keefe, Bruyette & Woods lifted their price target on shares of NMI from $33.00 to $36.00 and gave the stock a “market perform” rating in a research note on Thursday, April 4th. Finally, Barclays lifted their price target on shares of NMI from $40.00 to $41.00 and gave the stock an “overweight” rating in a research note on Tuesday. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $36.44.

NMI Stock Performance

Shares of NASDAQ:NMIH traded up $0.37 during midday trading on Friday, reaching $35.80. The company’s stock had a trading volume of 125,978 shares, compared to its average volume of 528,116. The firm has a market capitalization of $2.87 billion, a PE ratio of 8.77, a P/E/G ratio of 1.19 and a beta of 1.09. The stock has a fifty day moving average of $33.30 and a 200 day moving average of $31.34. NMI Holdings, Inc. has a twelve month low of $25.62 and a twelve month high of $36.07. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.20.

NMI (NASDAQ:NMIH) last posted its earnings results on Tuesday, April 30th. The financial services provider reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.12. The company had revenue of $156.25 million during the quarter, compared to the consensus estimate of $133.76 million. NMI had a net margin of 56.26% and a return on equity of 18.09%. The firm’s quarterly revenue was up 14.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.88 earnings per share. On average, equities analysts expect that NMI Holdings, Inc. will post 4.24 EPS for the current fiscal year.

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.