Mutual of America Capital Management LLC Boosts Stock Holdings in NMI Holdings, Inc. (NASDAQ:NMIH)

Mutual of America Capital Management LLC grew its holdings in NMI Holdings, Inc. (NASDAQ:NMIHGet Rating) by 5.5% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,356 shares of the financial services provider’s stock after buying an additional 641 shares during the period. Mutual of America Capital Management LLC’s holdings in NMI were worth $255,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in NMIH. Frontier Capital Management Co. LLC grew its stake in shares of NMI by 27.8% in the 1st quarter. Frontier Capital Management Co. LLC now owns 2,696,215 shares of the financial services provider’s stock worth $55,596,000 after buying an additional 586,011 shares in the last quarter. Gator Capital Management LLC purchased a new position in shares of NMI in the 4th quarter worth $5,068,000. Dimensional Fund Advisors LP grew its stake in shares of NMI by 3.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,540,942 shares of the financial services provider’s stock worth $55,519,000 after buying an additional 89,861 shares in the last quarter. Yousif Capital Management LLC purchased a new position in shares of NMI in the 4th quarter worth $1,715,000. Finally, American Century Companies Inc. grew its stake in shares of NMI by 24.1% in the 4th quarter. American Century Companies Inc. now owns 299,217 shares of the financial services provider’s stock worth $6,538,000 after buying an additional 58,137 shares in the last quarter. 95.68% of the stock is owned by hedge funds and other institutional investors.

NMI Trading Up 0.3 %

Shares of NMIH opened at $19.00 on Tuesday. NMI Holdings, Inc. has a 1-year low of $15.33 and a 1-year high of $27.25. The company has a 50-day moving average of $17.51 and a 200 day moving average of $20.03. The firm has a market capitalization of $1.64 billion, a price-to-earnings ratio of 6.79 and a beta of 1.50. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.70 and a quick ratio of 0.70.

NMI (NASDAQ:NMIHGet Rating) last posted its quarterly earnings results on Wednesday, May 4th. The financial services provider reported $0.77 EPS for the quarter, beating the consensus estimate of $0.75 by $0.02. NMI had a net margin of 49.45% and a return on equity of 16.52%. The business had revenue of $127.44 million during the quarter, compared to analyst estimates of $127.70 million. During the same quarter in the previous year, the business posted $0.62 EPS. The company’s quarterly revenue was up 10.6% compared to the same quarter last year. On average, research analysts expect that NMI Holdings, Inc. will post 3.2 EPS for the current year.

Insider Activity

In other news, Director Michael Curry Montgomery sold 1,796 shares of the business’s stock in a transaction dated Tuesday, May 17th. The shares were sold at an average price of $18.39, for a total value of $33,028.44. Following the completion of the sale, the director now owns 40,424 shares in the company, valued at approximately $743,397.36. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 2.50% of the company’s stock.

Wall Street Analyst Weigh In

NMIH has been the subject of several analyst reports. Citigroup lowered their target price on shares of NMI from $32.00 to $28.00 in a report on Tuesday, May 10th. Royal Bank of Canada lowered shares of NMI from an “outperform” rating to a “sector perform” rating and lowered their target price for the stock from $27.00 to $20.00 in a report on Thursday, June 23rd. BTIG Research lowered their target price on shares of NMI from $30.00 to $27.00 in a report on Tuesday, April 12th. StockNews.com upgraded shares of NMI from a “hold” rating to a “buy” rating in a report on Tuesday, July 26th. Finally, TheStreet lowered shares of NMI from a “b-” rating to a “c+” rating in a report on Tuesday, May 10th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $29.36.

About NMI

(Get Rating)

NMI Holdings, Inc provides private mortgage guaranty insurance services in the United States. The company offers mortgage insurance services; 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.

Further Reading

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Institutional Ownership by Quarter for NMI (NASDAQ:NMIH)

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