American Century Companies Inc. Has $71.95 Million Stake in NMI Holdings, Inc. (NASDAQ:NMIH)

American Century Companies Inc. raised its stake in NMI Holdings, Inc. (NASDAQ:NMIH - Free Report) by 8.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,957,179 shares of the financial services provider's stock after buying an additional 145,591 shares during the quarter. American Century Companies Inc. owned about 2.47% of NMI worth $71,946,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. State Street Corp raised its holdings in shares of NMI by 1.0% during the third quarter. State Street Corp now owns 3,565,348 shares of the financial services provider's stock worth $146,857,000 after acquiring an additional 35,351 shares during the period. FMR LLC boosted its stake in NMI by 7.6% in the 3rd quarter. FMR LLC now owns 1,517,092 shares of the financial services provider's stock worth $62,489,000 after purchasing an additional 107,771 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of NMI by 1.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,075,428 shares of the financial services provider's stock valued at $39,533,000 after purchasing an additional 11,347 shares during the period. JPMorgan Chase & Co. raised its stake in shares of NMI by 3.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 775,804 shares of the financial services provider's stock valued at $31,955,000 after purchasing an additional 24,838 shares during the period. Finally, Principal Financial Group Inc. lifted its holdings in shares of NMI by 3.6% in the fourth quarter. Principal Financial Group Inc. now owns 452,264 shares of the financial services provider's stock valued at $16,625,000 after purchasing an additional 15,868 shares in the last quarter. Institutional investors own 94.12% of the company's stock.

Remove Ads

Wall Street Analysts Forecast Growth

NMIH has been the topic of a number of research reports. UBS Group cut their price objective on shares of NMI from $42.00 to $41.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 19th. JPMorgan Chase & Co. cut their price target on shares of NMI from $46.00 to $41.00 and set an "overweight" rating on the stock in a research report on Monday, December 9th. Keefe, Bruyette & Woods upgraded NMI from a "market perform" rating to an "outperform" rating and set a $43.00 price objective for the company in a report on Monday, February 24th. Finally, Barclays lowered NMI from an "overweight" rating to an "equal weight" rating and dropped their target price for the stock from $48.00 to $41.00 in a report on Monday, January 6th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $42.29.

NMI Stock Performance

NMIH traded down $0.66 during trading hours on Friday, reaching $35.87. The company's stock had a trading volume of 86,830 shares, compared to its average volume of 518,828. The company's 50-day moving average is $36.44 and its 200-day moving average is $38.00. NMI Holdings, Inc. has a 52 week low of $29.05 and a 52 week high of $42.49. The firm has a market cap of $2.81 billion, a PE ratio of 8.10, a price-to-earnings-growth ratio of 1.41 and a beta of 1.02. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.83 and a current ratio of 0.60.

NMI (NASDAQ:NMIH - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The financial services provider reported $1.07 earnings per share for the quarter, missing the consensus estimate of $1.14 by ($0.07). NMI had a net margin of 55.32% and a return on equity of 17.33%. On average, equities analysts forecast that NMI Holdings, Inc. will post 4.62 EPS for the current year.

Insiders Place Their Bets

In related news, EVP Mohammad Nawaz Yousaf sold 1,083 shares of the company's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $35.44, for a total value of $38,381.52. Following the transaction, the executive vice president now directly owns 49,218 shares in the company, valued at approximately $1,744,285.92. This represents a 2.15 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Norman Peter Fitzgerald sold 20,000 shares of NMI stock in a transaction dated 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 sale, the executive vice president now owns 37,470 shares of the company's stock, valued at $1,344,423.60. This trade represents a 34.80 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.70% of the company's stock.

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.