27,963 Shares in NMI Holdings, Inc. (NASDAQ:NMIH) Bought by Integrated Quantitative Investments LLC

Integrated Quantitative Investments LLC bought a new position in shares of NMI Holdings, Inc. (NASDAQ:NMIH - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 27,963 shares of the financial services provider's stock, valued at approximately $1,028,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NMIH. Principal Securities Inc. increased its position in shares of NMI by 66.5% during the fourth quarter. Principal Securities Inc. now owns 716 shares of the financial services provider's stock valued at $26,000 after buying an additional 286 shares during the period. Smartleaf Asset Management LLC increased its holdings in NMI by 288.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,868 shares of the financial services provider's stock worth $69,000 after acquiring an additional 1,387 shares during the period. KBC Group NV lifted its stake in NMI by 38.3% in the 4th quarter. KBC Group NV now owns 3,221 shares of the financial services provider's stock worth $118,000 after purchasing an additional 892 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. boosted its holdings in NMI by 21.3% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,810 shares of the financial services provider's stock valued at $198,000 after purchasing an additional 846 shares during the period. Finally, R Squared Ltd purchased a new position in shares of NMI during the 4th quarter valued at $203,000. 94.12% of the stock is currently owned by institutional investors.

Insider Transactions at NMI

In related news, EVP Mohammad Nawaz Yousaf sold 1,083 shares of NMI stock in a transaction 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 transaction, the executive vice president now directly owns 49,218 shares of the company's stock, 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 is available through this link. Also, 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 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 $1,344,423.60. The trade was a 34.80 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.70% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on NMIH shares. JPMorgan Chase & Co. lowered their price objective on NMI from $42.00 to $41.00 and set an "overweight" rating on the stock in a research report on Tuesday. Barclays cut NMI from an "overweight" rating to an "equal weight" rating and lowered their price target for the company from $48.00 to $41.00 in a report on Monday, January 6th. UBS Group cut their price objective on NMI from $42.00 to $41.00 and set a "neutral" rating for the company in a report on Wednesday, February 19th. Finally, Keefe, Bruyette & Woods lowered their target price on shares of NMI from $43.00 to $42.00 and set an "outperform" rating on the stock in a research note on Tuesday. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, NMI currently has a consensus rating of "Moderate Buy" and a consensus price target of $42.14.

NMI Price Performance

NMIH traded down $0.17 during midday trading on Wednesday, hitting $32.67. The stock had a trading volume of 257,354 shares, compared to its average volume of 533,528. NMI Holdings, Inc. has a 1 year low of $29.05 and a 1 year high of $42.49. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.83 and a current ratio of 0.60. The business has a fifty day moving average of $35.85 and a 200 day moving average of $37.61. The company has a market cap of $2.56 billion, a P/E ratio of 7.38, a price-to-earnings-growth ratio of 1.41 and a beta of 0.62.

NMI (NASDAQ:NMIH - Get Free Report) last released its earnings results on Wednesday, February 12th. The financial services provider reported $1.07 EPS 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%. As a group, equities analysts forecast that NMI Holdings, Inc. will post 4.62 earnings per share 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.