NMI Holdings, Inc. (NASDAQ:NMIH) Shares Purchased by Bridges Investment Management Inc.

Bridges Investment Management Inc. lifted its position in NMI Holdings, Inc. (NASDAQ:NMIH - Free Report) by 68.4% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 21,407 shares of the financial services provider's stock after purchasing an additional 8,698 shares during the period. Bridges Investment Management Inc.'s holdings in NMI were worth $787,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Principal Securities Inc. raised its position in shares of NMI by 66.5% in the 4th quarter. Principal Securities Inc. now owns 716 shares of the financial services provider's stock worth $26,000 after purchasing an additional 286 shares during the last quarter. KBC Group NV boosted its holdings in shares of 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 purchasing an additional 892 shares during the period. Farther Finance Advisors LLC boosted its position in shares of NMI by 989.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 3,248 shares of the financial services provider's stock worth $134,000 after purchasing an additional 2,950 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. lifted its position in NMI by 21.3% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,810 shares of the financial services provider's stock worth $198,000 after acquiring an additional 846 shares during the period. Finally, R Squared Ltd purchased a new position in shares of NMI during the 4th quarter valued at about $203,000. Institutional investors own 94.12% of the company's stock.

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NMI Stock Performance

Shares of NASDAQ:NMIH traded down $0.43 during trading on Thursday, hitting $35.39. 99,077 shares of the company were exchanged, compared to its average volume of 503,187. The stock has a 50 day moving average of $36.73 and a 200 day moving average of $38.51. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.60 and a quick ratio of 0.83. NMI Holdings, Inc. has a 52-week low of $29.05 and a 52-week high of $42.49. The company has a market cap of $2.78 billion, a PE ratio of 8.00, a P/E/G ratio of 1.41 and a beta of 1.02.

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

Wall Street Analysts Forecast Growth

NMIH has been the topic of a number of recent research reports. Keefe, Bruyette & Woods upgraded shares of NMI from a "market perform" rating to an "outperform" rating and set a $43.00 price target on the stock in a research note on Monday, February 24th. JPMorgan Chase & Co. dropped their target price on shares of NMI from $46.00 to $41.00 and set an "overweight" rating for the company in a report on Monday, December 9th. Royal Bank of Canada decreased their target price on shares of NMI from $48.00 to $47.00 and set an "outperform" rating on the stock in a research report on Thursday, November 7th. Barclays cut shares of NMI from an "overweight" rating to an "equal weight" rating and reduced their price target for the company from $48.00 to $41.00 in a research report on Monday, January 6th. Finally, UBS Group dropped their target price on NMI from $42.00 to $41.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 19th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $42.29.

Insider Activity

In related news, EVP Mohammad Nawaz Yousaf sold 1,083 shares of the company's stock in a transaction that occurred 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 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 the business's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $35.88, for a total value of $717,600.00. Following the completion of the sale, the executive vice president now owns 37,470 shares in the company, valued at $1,344,423.60. This represents a 34.80 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.70% of the company's stock.

About NMI

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.