Mirae Asset Global Investments Co. Ltd. Boosts Stock Holdings in NMI Holdings, Inc. (NASDAQ:NMIH)

Mirae Asset Global Investments Co. Ltd. raised its stake in NMI Holdings, Inc. (NASDAQ:NMIH) by 2.8% during the fourth quarter, Holdings Channel reports. The firm owned 36,949 shares of the financial services provider’s stock after purchasing an additional 1,015 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in NMI were worth $1,097,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Assenagon Asset Management S.A. lifted its stake in shares of NMI by 88.1% in the 4th quarter. Assenagon Asset Management S.A. now owns 859,955 shares of the financial services provider’s stock valued at $25,523,000 after purchasing an additional 402,793 shares in the last quarter. Van Berkom & Associates Inc. raised its holdings in NMI by 7.3% in the third quarter. Van Berkom & Associates Inc. now owns 2,708,797 shares of the financial services provider’s stock valued at $73,381,000 after buying an additional 185,099 shares during the period. Comerica Bank acquired a new position in NMI during the third quarter valued at approximately $4,914,000. Vanguard Group Inc. grew its stake in NMI by 2.5% during the third quarter. Vanguard Group Inc. now owns 6,583,844 shares of the financial services provider’s stock worth $178,356,000 after buying an additional 162,614 shares during the period. Finally, Qube Research & Technologies Ltd increased its position in shares of NMI by 171.5% in the third quarter. Qube Research & Technologies Ltd now owns 237,459 shares of the financial services provider’s stock worth $6,433,000 after acquiring an additional 150,000 shares in the last quarter. 94.12% of the stock is currently owned by institutional investors and hedge funds.

NMI Stock Performance

NMI stock opened at $30.48 on Tuesday. 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 stock has a 50 day moving average of $30.23 and a 200-day moving average of $29.29. The stock has a market cap of $2.46 billion, a P/E ratio of 7.94, a price-to-earnings-growth ratio of 1.11 and a beta of 1.06. NMI Holdings, Inc. has a 52 week low of $22.22 and a 52 week high of $32.50.

NMI (NASDAQ:NMIH) last released its earnings results on Wednesday, February 14th. The financial services provider reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.06. NMI had a net margin of 55.63% and a return on equity of 17.97%. The company had revenue of $151.38 million during the quarter, compared to the consensus estimate of $131.70 million. During the same quarter in the previous year, the firm earned $0.86 EPS. The company’s revenue was up 13.7% on a year-over-year basis. On average, analysts expect that NMI Holdings, Inc. will post 4.05 EPS for the current fiscal year.

Insider Activity at NMI

In other news, EVP Mohammad Nawaz Yousaf sold 1,117 shares of NMI stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $29.95, for a total value of $33,454.15. Following the completion of the transaction, the executive vice president now owns 32,909 shares in the company, valued at approximately $985,624.55. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, Chairman Bradley M. Shuster sold 12,836 shares of the firm’s 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 transaction, the chairman now directly owns 427,271 shares in the company, valued at approximately $13,044,583.63. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Mohammad Nawaz Yousaf sold 1,117 shares of the business’s stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $29.95, for a total transaction of $33,454.15. Following the sale, the executive vice president now directly owns 32,909 shares of the company’s stock, valued at approximately $985,624.55. The disclosure for this sale can be found here. Insiders sold a total of 145,158 shares of company stock valued at $4,395,582 over the last three months. 2.40% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. StockNews.com lowered shares of NMI from a “buy” rating to a “hold” rating in a report on Thursday, March 21st. Truist Financial upped their target price on NMI from $34.00 to $36.00 and gave the stock a “buy” rating in a research report on Thursday, February 15th. Keefe, Bruyette & Woods increased their target price on NMI from $33.00 to $36.00 and gave the company a “market perform” rating in a research note on Thursday, April 4th. Royal Bank of Canada boosted their price target on NMI from $31.00 to $33.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 15th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of NMI from $34.00 to $35.00 and gave the company an “overweight” rating in a research note on Wednesday, April 3rd. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company 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.