Denali Advisors LLC Increases Stake in NMI Holdings, Inc. (NASDAQ:NMIH)

Denali Advisors LLC lifted its holdings in NMI Holdings, Inc. (NASDAQ:NMIH - Free Report) by 2,446.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 175,718 shares of the financial services provider's stock after purchasing an additional 168,818 shares during the quarter. Denali Advisors LLC owned 0.22% of NMI worth $6,459,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Illinois Municipal Retirement Fund lifted its position in shares of NMI by 1.3% in the fourth quarter. Illinois Municipal Retirement Fund now owns 44,032 shares of the financial services provider's stock worth $1,619,000 after purchasing an additional 566 shares in the last quarter. Hudson Edge Investment Partners Inc. increased its holdings in NMI by 27.3% during the fourth quarter. Hudson Edge Investment Partners Inc. now owns 25,568 shares of the financial services provider's stock worth $940,000 after buying an additional 5,490 shares during the last quarter. Hussman Strategic Advisors Inc. acquired a new position in NMI during the fourth quarter worth $386,000. Handelsbanken Fonder AB increased its holdings in NMI by 15.6% during the fourth quarter. Handelsbanken Fonder AB now owns 19,300 shares of the financial services provider's stock worth $709,000 after buying an additional 2,600 shares during the last quarter. Finally, New York State Common Retirement Fund increased its holdings in NMI by 196.3% during the fourth quarter. New York State Common Retirement Fund now owns 75,013 shares of the financial services provider's stock worth $2,757,000 after buying an additional 49,700 shares during the last quarter. Institutional investors own 94.12% of the company's stock.

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Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at NMI

In other news, EVP Mohammad Nawaz Yousaf sold 1,083 shares of the firm'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 transaction of $38,381.52. Following the completion of the sale, the executive vice president now owns 49,218 shares of the company's stock, valued at $1,744,285.92. This trade represents a 2.15 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, 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 sale, 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 disclosure for this sale can be found here. Insiders own 2.70% of the company's stock.

NMI Price Performance

NMIH traded up $0.64 on Friday, hitting $36.44. 609,345 shares of the stock were exchanged, compared to its average volume of 498,242. NMI Holdings, Inc. has a 12 month low of $29.05 and a 12 month high of $42.49. The business has a 50-day moving average of $36.78 and a two-hundred day moving average of $38.54. 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 firm has a market capitalization of $2.86 billion, a price-to-earnings ratio of 8.23, a PEG ratio of 1.41 and a beta of 1.12.

NMI (NASDAQ:NMIH - Get Free Report) last posted its 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 return on equity of 17.33% and a net margin of 55.32%. Sell-side analysts forecast that NMI Holdings, Inc. will post 4.62 EPS for the current fiscal year.

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.