Illumine Investment Management LLC Takes $479,000 Position in NMI Holdings, Inc. (NASDAQ:NMIH)

Illumine Investment Management LLC acquired a new stake in NMI Holdings, Inc. (NASDAQ:NMIH - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 13,035 shares of the financial services provider's stock, valued at approximately $479,000.

A number of other hedge funds also recently modified their holdings of the stock. Versor Investments LP lifted its position in NMI by 6.7% during the fourth quarter. Versor Investments LP now owns 22,311 shares of the financial services provider's stock worth $820,000 after acquiring an additional 1,400 shares during the last quarter. Denali Advisors LLC boosted its stake in NMI by 2,446.6% in the 4th quarter. Denali Advisors LLC now owns 175,718 shares of the financial services provider's stock valued at $6,459,000 after purchasing an additional 168,818 shares during the period. Illinois Municipal Retirement Fund grew its holdings in 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 buying an additional 566 shares in the last quarter. Hudson Edge Investment Partners Inc. grew its holdings in NMI by 27.3% in the 4th quarter. Hudson Edge Investment Partners Inc. now owns 25,568 shares of the financial services provider's stock valued at $940,000 after buying an additional 5,490 shares in the last quarter. Finally, Hussman Strategic Advisors Inc. bought a new position in NMI during the 4th quarter worth $386,000. Institutional investors and hedge funds own 94.12% of the company's stock.

Insider Activity

In other NMI news, EVP Mohammad Nawaz Yousaf sold 1,083 shares of the company'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 represents a 2.15 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Norman Peter Fitzgerald sold 20,000 shares of the firm's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $35.88, for a total transaction 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. The trade was a 34.80 % decrease in their position. The disclosure for this sale can be found here. 2.70% of the stock is currently owned by insiders.

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Analyst Ratings Changes

Several equities analysts recently commented on the stock. Royal Bank of Canada decreased their price target on shares of NMI from $48.00 to $47.00 and set an "outperform" rating on the stock in a research note on Thursday, November 7th. JPMorgan Chase & Co. cut 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. Barclays cut shares of NMI from an "overweight" rating to an "equal weight" rating and dropped their target price for the company from $48.00 to $41.00 in a research report on Monday, January 6th. UBS Group reduced their price target 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. Finally, Keefe, Bruyette & Woods upgraded shares of NMI from a "market perform" rating to an "outperform" rating and set a $43.00 price objective for the company in a research report on Monday, February 24th. Three equities 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, NMI presently has a consensus rating of "Moderate Buy" and a consensus price target of $42.29.

NMI Price Performance

NASDAQ:NMIH traded down $0.85 on Tuesday, hitting $35.68. The company had a trading volume of 622,170 shares, compared to its average volume of 516,574. The firm has a 50 day moving average of $36.78 and a two-hundred day moving average of $38.54. The stock has a market capitalization of $2.80 billion, a price-to-earnings ratio of 8.05, a PEG ratio of 1.41 and a beta of 1.02. NMI Holdings, Inc. has a 52 week low of $29.05 and a 52 week high of $42.49. The company has a current ratio of 0.60, a quick ratio of 0.83 and a debt-to-equity ratio of 0.19.

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 for the quarter, missing the consensus estimate of $1.14 by ($0.07). NMI had a net margin of 55.32% and a return on equity of 17.33%. On average, research analysts anticipate that NMI Holdings, Inc. will post 4.62 earnings per share for the current year.

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.