Alliancebernstein L.P. Has $3.31 Million Position in NMI Holdings Inc (NASDAQ:NMIH)

Alliancebernstein L.P. lifted its stake in shares of NMI Holdings Inc (NASDAQ:NMIH) by 531.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 289,320 shares of the financial services provider’s stock after buying an additional 243,520 shares during the quarter. Alliancebernstein L.P. owned about 0.48% of NMI Holdings worth $3,313,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of NMIH. Wellington Management Group LLP raised its position in NMI Holdings by 55.3% in the 1st quarter. Wellington Management Group LLP now owns 2,177,377 shares of the financial services provider’s stock valued at $24,822,000 after purchasing an additional 775,534 shares during the last quarter. Wells Fargo & Company MN raised its position in NMI Holdings by 849.8% in the 2nd quarter. Wells Fargo & Company MN now owns 618,321 shares of the financial services provider’s stock valued at $7,081,000 after purchasing an additional 553,221 shares during the last quarter. Driehaus Capital Management LLC purchased a new stake in NMI Holdings in the 1st quarter valued at $4,323,000. Dimensional Fund Advisors LP raised its position in NMI Holdings by 22.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,998,134 shares of the financial services provider’s stock valued at $22,778,000 after purchasing an additional 360,867 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its position in NMI Holdings by 55.5% in the 2nd quarter. Russell Investments Group Ltd. now owns 553,793 shares of the financial services provider’s stock valued at $6,341,000 after purchasing an additional 197,761 shares during the last quarter. Institutional investors and hedge funds own 84.86% of the company’s stock.

NMI Holdings Inc (NASDAQ:NMIH) opened at 13.85 on Wednesday. The firm has a 50-day moving average of $11.62 and a 200 day moving average of $11.48. The firm has a market capitalization of $829.09 million, a PE ratio of 11.02 and a beta of 0.69. NMI Holdings Inc has a 52 week low of $7.50 and a 52 week high of $13.90.

NMI Holdings (NASDAQ:NMIH) last released its earnings results on Tuesday, August 1st. The financial services provider reported $0.10 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.10. The firm had revenue of $42.20 million for the quarter, compared to analyst estimates of $41.13 million. NMI Holdings had a return on equity of 5.95% and a net margin of 52.34%. NMI Holdings’s revenue was up 43.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.03 earnings per share. Analysts predict that NMI Holdings Inc will post $0.51 earnings per share for the current year.

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Several analysts recently commented on NMIH shares. Zacks Investment Research upgraded shares of NMI Holdings from a “hold” rating to a “strong-buy” rating and set a $15.00 price target for the company in a research report on Saturday. Deutsche Bank AG set a $15.00 price target on shares of NMI Holdings and gave the company a “buy” rating in a research report on Wednesday, August 2nd. BidaskClub downgraded shares of NMI Holdings from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Compass Point downgraded shares of NMI Holdings from a “buy” rating to a “neutral” rating and set a $13.00 price target for the company. in a research report on Tuesday, August 8th. Finally, ValuEngine downgraded shares of NMI Holdings from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. One analyst has rated the stock with a sell rating, two have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. NMI Holdings currently has an average rating of “Buy” and a consensus price target of $13.86.

In related news, CEO Bradley M. Shuster sold 30,000 shares of NMI Holdings stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $11.79, for a total value of $353,700.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP William J. Leatherberry purchased 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 29th. The stock was bought at an average cost of $10.65 per share, for a total transaction of $53,250.00. The disclosure for this purchase can be found here. Insiders sold a total of 149,227 shares of company stock worth $1,760,571 in the last three months. 5.40% of the stock is currently owned by company insiders.

NMI Holdings Company Profile

NMI Holdings, Inc (NMIH) provides private mortgage guaranty insurance through its insurance subsidiaries. The Company’s primary insurance subsidiary, National Mortgage Insurance Corporation (NMIC), is a mortgage insurance (MI) provider on loans purchased by the Government-sponsored enterprises (GSEs).

Institutional Ownership by Quarter for NMI Holdings (NASDAQ:NMIH)

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