2 weeks Ago By ABMN Staff
Summit Investment Advisors Inc. boosted its position in NMI Holdings, Inc. ( NASDAQ:NMIH – Free Report ) by 5.
6% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 8,208 shares of the financial services provider’s stock after acquiring an additional 433 shares during the quarter.
Summit Investment Advisors Inc.’s holdings in NMI were worth $302,000 as of its most recent SEC filing. Other institutional investors and hedge funds also recently added to or reduced their stakes in the company.
Principal Securities Inc. lifted its stake in shares of NMI by 66.5% in the fourth quarter.
Principal Securities Inc. now owns 716 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 286 shares in the last quarter. Smartleaf Asset Management LLC raised its position in shares of NMI by 288.
4% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,868 shares of the financial services provider’s stock valued at $69,000 after purchasing an additional 1,387 shares in the last quarter. Covestor Ltd boosted its stake in shares of NMI by 601.
1% during the 4th quarter. Covestor Ltd now owns 1,893 shares of the financial services provider’s stock valued at $70,000 after buying an additional 1,623 shares during the last quarter. Sterling Capital Management LLC increased its stake in shares of NMI by 786.
1% in the fourth quarter. Sterling Capital Management LLC now owns 2,295 shares of the financial services provider’s stock worth $84,000 after buying an additional 2,036 shares during the last quarter. Finally, KBC Group NV raised its holdings in NMI by 38.
3% in the fourth quarter. KBC Group NV now owns 3,221 shares of the financial services provider’s stock valued at $118,000 after acquiring an additional 892 shares in the last quarter. 94.
12% of the stock is owned by hedge funds and other institutional investors. Insiders Place Their Bets In other NMI news, EVP Norman Peter Fitzgerald sold 20,000 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $35.
88, for a total transaction of $717,600.00. Following the completion of the transaction, the executive vice president now directly owns 37,470 shares of the company’s stock, valued at approximately $1,344,423.
60. This trade represents a 34.80 % decrease in their position.
The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink . Also, EVP Mohammad Nawaz Yousaf sold 1,083 shares of the business’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $35.
44, for a total value of $38,381.52. Following the completion of the sale, the executive vice president now directly owns 49,218 shares in the company, valued at $1,744,285.
92. This represents a 2.15 % decrease in their position.
The disclosure for this sale can be found here . 3.00% of the stock is currently owned by insiders.
NMI Stock Up 0.7 % NMI ( NASDAQ:NMIH – Get Free Report ) last released its quarterly earnings results on Wednesday, February 12th. The financial services provider reported $1.
07 earnings per share for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.07).
NMI had a net margin of 55.32% and a return on equity of 17.33%.
As a group, equities analysts expect that NMI Holdings, Inc. will post 4.62 earnings per share for the current year.
Wall Street Analysts Forecast Growth NMIH has been the subject of several research analyst reports. Keefe, Bruyette & Woods dropped their target price on shares of NMI from $43.00 to $42.
00 and set an “outperform” rating for the company in a research report on Tuesday, April 8th. Barclays lowered NMI from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $48.00 to $41.
00 in a report on Monday, January 6th. UBS Group decreased their target price on NMI from $42.00 to $41.
00 and set a “neutral” rating for the company in a research report on Wednesday, February 19th. Finally, JPMorgan Chase & Co. dropped their price target on NMI from $42.
00 to $41.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock.
According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $42.14.
Check Out Our Latest Stock Report on NMIH About NMI ( 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.
See Also Want to see what other hedge funds are holding NMIH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NMI Holdings, Inc. ( NASDAQ:NMIH – Free Report ).
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