Charles Schwab Investment Management Inc. Acquires 11,347 Shares of NMI Holdings, Inc. (NASDAQ:NMIH)

Charles Schwab Investment Management Inc. lifted its stake in NMI Holdings, Inc. (NASDAQ:NMIH - Free Report) by 1.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,075,428 shares of the financial services provider's stock after buying an additional 11,347 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.36% of NMI worth $39,533,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in NMIH. Principal Securities Inc. boosted its position in shares of NMI by 66.5% during the 4th 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. Janney Montgomery Scott LLC lifted its stake in NMI by 2.2% during the fourth quarter. Janney Montgomery Scott LLC now owns 14,883 shares of the financial services provider's stock worth $547,000 after purchasing an additional 320 shares during the last quarter. Tealwood Asset Management Inc. boosted its holdings in shares of NMI by 1.2% in the 4th quarter. Tealwood Asset Management Inc. now owns 32,192 shares of the financial services provider's stock valued at $1,183,000 after purchasing an additional 376 shares in the last quarter. Illinois Municipal Retirement Fund increased its stake in shares of NMI by 1.3% in the 4th quarter. Illinois Municipal Retirement Fund now owns 44,032 shares of the financial services provider's stock valued at $1,619,000 after purchasing an additional 566 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. raised its holdings in shares of 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 buying an additional 846 shares in the last quarter. 94.12% of the stock is currently owned by institutional investors.

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NMI Trading Up 0.3 %

NMIH traded up $0.10 during midday trading on Wednesday, hitting $35.39. 251,612 shares of the company were exchanged, compared to its average volume of 504,774. The firm has a market capitalization of $2.78 billion, a P/E ratio of 7.99, a P/E/G ratio of 1.41 and a beta of 1.02. The firm's 50 day moving average price is $36.45 and its 200-day moving average price is $38.21. The company has a quick ratio of 0.83, a current ratio of 0.60 and a debt-to-equity ratio of 0.19. NMI Holdings, Inc. has a 1-year low of $29.05 and a 1-year high of $42.49.

NMI (NASDAQ:NMIH - Get Free Report) last released its 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 forecast that NMI Holdings, Inc. will post 4.62 EPS for the current fiscal year.

Analyst Ratings Changes

NMIH has been the topic of several research analyst reports. Keefe, Bruyette & Woods raised NMI from a "market perform" rating to an "outperform" rating and set a $43.00 price objective on the stock in a research note on Monday, February 24th. Barclays downgraded 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 note on Monday, January 6th. JPMorgan Chase & Co. lowered their price objective on shares of NMI from $46.00 to $41.00 and set an "overweight" rating for the company in a research report on Monday, December 9th. Finally, UBS Group cut their target price 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. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, NMI currently has an average rating of "Moderate Buy" and a consensus price target of $42.29.

Insider Transactions at NMI

In related news, EVP Norman Peter Fitzgerald sold 20,000 shares of the firm's stock in a transaction that occurred 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 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Mohammad Nawaz Yousaf sold 1,083 shares of the business's stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $35.44, for a total value of $38,381.52. Following the completion of the transaction, the executive vice president now directly owns 49,218 shares in the company, valued at approximately $1,744,285.92. This trade represents a 2.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.40% of the stock is currently owned by corporate insiders.

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.