Cibc World Markets Corp Takes Position in NMI Holdings, Inc. (NASDAQ:NMIH)

Cibc World Markets Corp purchased a new stake in NMI Holdings, Inc. (NASDAQ:NMIH - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 7,342 shares of the financial services provider's stock, valued at approximately $270,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. State Street Corp increased its holdings in shares of NMI by 1.0% in the 3rd quarter. State Street Corp now owns 3,565,348 shares of the financial services provider's stock valued at $146,857,000 after purchasing an additional 35,351 shares during the period. FMR LLC grew its position in NMI by 7.6% during the third quarter. FMR LLC now owns 1,517,092 shares of the financial services provider's stock valued at $62,489,000 after purchasing an additional 107,771 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in 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 buying an additional 11,347 shares during the period. JPMorgan Chase & Co. lifted its position in NMI by 3.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 775,804 shares of the financial services provider's stock worth $31,955,000 after buying an additional 24,838 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its stake in shares of NMI by 3.6% during the 4th quarter. Principal Financial Group Inc. now owns 452,264 shares of the financial services provider's stock valued at $16,625,000 after buying an additional 15,868 shares during the period. 94.12% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Buying and Selling

In other 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 transaction 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 $1,744,285.92. The trade was a 2.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Norman Peter Fitzgerald sold 20,000 shares of the stock in a transaction that occurred 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 directly owns 37,470 shares of the company's stock, valued at $1,344,423.60. This represents a 34.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.70% of the company's stock.

NMI Stock Performance

Shares of NMIH stock traded down $0.53 during trading on Friday, reaching $36.00. The company had a trading volume of 544,073 shares, compared to its average volume of 520,465. The firm's 50 day simple moving average is $36.41 and its two-hundred day simple moving average is $37.97. NMI Holdings, Inc. has a one year low of $29.05 and a one year high of $42.49. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.60 and a quick ratio of 0.83. The company has a market capitalization of $2.82 billion, a PE ratio of 8.13, a PEG ratio of 1.41 and a beta of 1.02.

NMI (NASDAQ:NMIH - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The financial services provider reported $1.07 EPS 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%. Sell-side analysts forecast that NMI Holdings, Inc. will post 4.62 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on NMIH. Barclays downgraded shares of NMI from an "overweight" rating to an "equal weight" rating and dropped their price target for the stock from $48.00 to $41.00 in a research note on Monday, January 6th. JPMorgan Chase & Co. dropped their target price on NMI from $46.00 to $41.00 and set an "overweight" rating on the stock in a research report on Monday, December 9th. UBS Group cut their price target on NMI from $42.00 to $41.00 and set a "neutral" rating for the company in a research note on Wednesday, February 19th. Finally, Keefe, Bruyette & Woods raised NMI from a "market perform" rating to an "outperform" rating and set a $43.00 price target for the company in a research note on Monday, February 24th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $42.29.

NMI 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.