NMI Holdings Inc $NMIH Shares Bought by Swiss National Bank

by · The Cerbat Gem

Swiss National Bank increased its stake in NMI Holdings Inc (NASDAQ:NMIH – Free Report) by 2.5% in the 2nd quarter, Holdings Channel.com reports. The fund owned 149,374 shares of the financial services provider’s stock after acquiring an additional 3,700 shares during the quarter. Swiss National Bank’s holdings in NMI were worth $6,302,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of NMIH. Nuveen LLC purchased a new stake in shares of NMI during the first quarter worth approximately $44,886,000. Millennium Management LLC raised its position in shares of NMI by 209.9% during 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 buying an additional 970,551 shares during the period. Public Sector Pension Investment Board raised its position in NMI by 176.2% in the first quarter. Public Sector Pension Investment Board now owns 544,723 shares of the financial services provider’s stock valued at $19,637,000 after purchasing an additional 347,524 shares during the period. Aberdeen Group plc raised its holdings in NMI by 134.2% in the 1st quarter. Aberdeen Group plc now owns 517,515 shares of the financial services provider’s stock valued at $18,656,000 after buying an additional 296,557 shares during the period. Finally, Allianz Asset Management GmbH lifted its holdings in shares of NMI by 76.4% in 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. 94.12% of the stock is currently owned by hedge funds and other institutional investors.

NMI Stock Up 0.1%

Shares of NASDAQ:NMIH opened at $38.15 on Monday. NMI Holdings Inc has a fifty-two week low of $31.90 and a fifty-two week high of $43.20. The firm’s 50 day moving average price is $37.08 and its 200 day moving average price is $38.60. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.17. The stock has a market cap of $2.93 billion, a price-to-earnings ratio of 7.98, a price-to-earnings-growth ratio of 1.18 and a beta of 0.66.

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

Analyst Ratings Changes

A number of brokerages have recently weighed in on NMIH. JPMorgan Chase & Co. dropped 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. Weiss Ratings restated a “buy (b)” rating on shares of NMI in a report on Wednesday, October 8th. Finally, Barclays reiterated a “cautious” rating on shares of NMI in a research note on Monday, October 6th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $41.20.

Read Our Latest Stock Analysis on NMI

Insider Buying and Selling at NMI

In other news, Director Michael J. Embler sold 20,000 shares of the company’s stock in a transaction dated Wednesday, November 19th. The stock was sold at an average price of $36.90, for a total transaction of $738,000.00. Following the completion of the transaction, the director directly owned 46,046 shares of the company’s stock, valued at approximately $1,699,097.40. This represents a 30.28% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Steven Scheid sold 19,926 shares of the 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 completion of the transaction, 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. Corporate insiders own 3.00% of the company’s stock.

NMI Profile

(Free Report)

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.

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