Cerity Partners LLC Has $10.29 Million Stock Position in NMI Holdings Inc $NMIH

Cerity Partners LLC boosted its holdings in shares of NMI Holdings Inc (NASDAQ:NMIH) by 690.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 243,989 shares of the financial services provider’s stock after purchasing an additional 213,120 shares during the period. Cerity Partners LLC owned about 0.31% of NMI worth $10,294,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. American Century Companies Inc. boosted its position in NMI by 5.4% in the second quarter. American Century Companies Inc. now owns 2,249,799 shares of the financial services provider’s stock valued at $94,919,000 after buying an additional 115,854 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of NMI by 0.3% during the second quarter. Geode Capital Management LLC now owns 1,966,970 shares of the financial services provider’s stock worth $82,996,000 after buying an additional 5,628 shares in the last quarter. Millennium Management LLC lifted its stake in shares of NMI by 209.9% in the 1st quarter. Millennium Management LLC now owns 1,432,950 shares of the financial services provider’s stock valued at $51,658,000 after acquiring an additional 970,551 shares during the last quarter. Nuveen LLC acquired a new stake in shares of NMI during the 1st quarter valued at $44,886,000. Finally, Allianz Asset Management GmbH grew its position in NMI by 76.4% during the 2nd quarter. Allianz Asset Management GmbH now owns 640,158 shares of the financial services provider’s stock worth $27,008,000 after acquiring an additional 277,318 shares during the last quarter. Institutional investors own 94.12% of the company’s stock.

Insider Buying and Selling at NMI

In other news, Director Michael J. Embler sold 20,000 shares of the business’s stock in a transaction dated Wednesday, November 19th. The stock was sold at an average price of $36.90, for a total value of $738,000.00. Following the transaction, the director directly owned 46,046 shares of the company’s stock, valued at $1,699,097.40. The trade was a 30.28% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Steven Scheid sold 19,926 shares of the company’s stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $39.31, for a total value of $783,291.06. Following the sale, the director owned 78,960 shares in the company, valued at approximately $3,103,917.60. The trade was a 20.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 3.00% of the stock is owned by insiders.

NMI Stock Performance

Shares of NMIH stock opened at $39.29 on Thursday. The stock has a market capitalization of $3.02 billion, a PE ratio of 8.22, a PEG ratio of 1.16 and a beta of 0.66. The business’s 50 day simple moving average is $36.95 and its 200 day simple moving average is $38.59. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.86 and a quick ratio of 0.86. NMI Holdings Inc has a one year low of $31.90 and a one year high of $43.20.

NMI (NASDAQ:NMIH) last issued its quarterly earnings results on Tuesday, November 4th. The financial services provider reported $1.21 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.21. NMI had a net margin of 55.02% and a return on equity of 16.08%. The firm had revenue of $171.56 million for the quarter, compared to the consensus estimate of $177.01 million. During the same quarter in the previous year, the company earned $1.15 EPS. The company’s revenue for the quarter was up 7.6% on a year-over-year basis. As a group, research analysts forecast that NMI Holdings Inc will post 4.62 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on NMIH shares. Barclays reiterated a “cautious” rating on shares of NMI in a research report on Monday, October 6th. JPMorgan Chase & Co. lowered their price objective on NMI from $43.00 to $42.00 and set an “overweight” rating for the company in a research note on Wednesday, November 5th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of NMI in a report on Wednesday, October 8th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, NMI presently has an average rating of “Moderate Buy” and an average target price of $41.20.

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.