DekaBank Deutsche Girozentrale Raises Holdings in NMI Holdings, Inc. (NASDAQ:NMIH)

DekaBank Deutsche Girozentrale lifted its stake in shares of NMI Holdings, Inc. (NASDAQ:NMIH) by 31.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 9,669 shares of the financial services provider’s stock after purchasing an additional 2,328 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in NMI were worth $288,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Lazard Asset Management LLC raised its stake in shares of NMI by 426.0% during the 3rd quarter. Lazard Asset Management LLC now owns 52,255 shares of the financial services provider’s stock valued at $1,414,000 after purchasing an additional 42,321 shares during the period. Tudor Investment Corp Et Al increased its stake in NMI by 223.8% in the 3rd quarter. Tudor Investment Corp Et Al now owns 205,640 shares of the financial services provider’s stock worth $5,571,000 after acquiring an additional 142,135 shares during the last quarter. Brandywine Global Investment Management LLC increased its stake in NMI by 14.1% in the 3rd quarter. Brandywine Global Investment Management LLC now owns 250,077 shares of the financial services provider’s stock worth $6,775,000 after acquiring an additional 30,925 shares during the last quarter. Invesco Ltd. increased its stake in NMI by 31.1% in the 3rd quarter. Invesco Ltd. now owns 567,139 shares of the financial services provider’s stock worth $15,364,000 after acquiring an additional 134,538 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in NMI by 2.5% in the 3rd quarter. Vanguard Group Inc. now owns 6,583,844 shares of the financial services provider’s stock worth $178,356,000 after acquiring an additional 162,614 shares during the last quarter. 94.12% of the stock is currently owned by institutional investors.

Insider Activity at NMI

In related news, Chairman Bradley M. Shuster sold 6,559 shares of the stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $29.81, for a total transaction of $195,523.79. Following the completion of the sale, the chairman now directly owns 453,298 shares in the company, valued at approximately $13,512,813.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Chairman Bradley M. Shuster sold 6,559 shares of the stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $29.81, for a total transaction of $195,523.79. Following the completion of the sale, the chairman now directly owns 453,298 shares in the company, valued at approximately $13,512,813.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Bradley M. Shuster sold 12,836 shares of the stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $30.53, for a total value of $391,883.08. Following the sale, the chairman now owns 427,271 shares of the company’s stock, valued at $13,044,583.63. The disclosure for this sale can be found here. Insiders sold 145,158 shares of company stock worth $4,395,582 in the last ninety days. 2.40% of the stock is owned by company insiders.

NMI Price Performance

Shares of NMI stock opened at $29.64 on Wednesday. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $2.39 billion, a PE ratio of 7.72, a price-to-earnings-growth ratio of 1.11 and a beta of 1.06. The business’s 50-day moving average price is $30.27 and its 200-day moving average price is $29.18. NMI Holdings, Inc. has a 12 month low of $22.22 and a 12 month high of $32.50.

NMI (NASDAQ:NMIH) last issued its earnings results on Wednesday, February 14th. The financial services provider reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.06. The company had revenue of $151.38 million during the quarter, compared to analysts’ expectations of $131.70 million. NMI had a return on equity of 17.97% and a net margin of 55.63%. NMI’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.86 EPS. Sell-side analysts forecast that NMI Holdings, Inc. will post 4.05 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have weighed in on NMIH. StockNews.com lowered NMI from a “buy” rating to a “hold” rating in a research note on Thursday, March 21st. Keefe, Bruyette & Woods upped their target price on NMI from $33.00 to $36.00 and gave the stock a “market perform” rating in a research note on Thursday, April 4th. Truist Financial upped their target price on NMI from $34.00 to $36.00 and gave the stock a “buy” rating in a research note on Thursday, February 15th. Royal Bank of Canada upped their target price on NMI from $31.00 to $33.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 15th. Finally, JPMorgan Chase & Co. upped their target price on NMI from $34.00 to $35.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 3rd. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $34.44.

About NMI

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.