Edgestream Partners L.P. Boosts Stock Position in NMI Holdings, Inc. (NASDAQ:NMIH)

Edgestream Partners L.P. boosted its holdings in NMI Holdings, Inc. (NASDAQ:NMIH - Free Report) by 132.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 173,178 shares of the financial services provider's stock after acquiring an additional 98,722 shares during the period. Edgestream Partners L.P. owned 0.22% of NMI worth $6,366,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC increased its position in shares of NMI by 989.9% during 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 during the last quarter. CWA Asset Management Group LLC purchased a new position in NMI during the third quarter worth about $820,000. Assetmark Inc. increased its position in shares of NMI by 5.3% during the third quarter. Assetmark Inc. now owns 78,168 shares of the financial services provider's stock valued at $3,220,000 after acquiring an additional 3,938 shares during the last quarter. Los Angeles Capital Management LLC raised its stake in shares of NMI by 1.5% in the 3rd quarter. Los Angeles Capital Management LLC now owns 62,936 shares of the financial services provider's stock valued at $2,592,000 after acquiring an additional 957 shares during the period. Finally, Chartwell Investment Partners LLC lifted its holdings in shares of NMI by 21.3% in the 3rd quarter. Chartwell Investment Partners LLC now owns 38,599 shares of the financial services provider's stock worth $1,589,000 after acquiring an additional 6,787 shares during the last quarter. Hedge funds and other institutional investors own 94.12% of the company's stock.

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Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In related news, EVP Norman Peter Fitzgerald sold 20,000 shares of the 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 transaction, the executive vice president now directly 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Mohammad Nawaz Yousaf sold 1,083 shares of NMI stock in a transaction 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 sale, the executive vice president now owns 49,218 shares in the company, valued at $1,744,285.92. This represents a 2.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.70% of the stock is owned by company insiders.

NMI Stock Down 0.5 %

NMI stock traded down $0.17 during trading on Tuesday, reaching $34.46. The stock had a trading volume of 591,602 shares, compared to its average volume of 519,783. 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 52-week low of $29.05 and a 52-week high of $42.49. The stock has a market cap of $2.70 billion, a PE ratio of 7.78, a P/E/G ratio of 1.41 and a beta of 1.02. The business has a 50 day moving average price of $36.62 and a 200 day moving average price of $38.44.

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