Invesco Ltd. Has $34.34 Million Stock Holdings in NMI Holdings, Inc. (NASDAQ:NMIH)

Invesco Ltd. increased its stake in NMI Holdings, Inc. (NASDAQ:NMIH - Free Report) by 15.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 934,044 shares of the financial services provider's stock after buying an additional 121,774 shares during the quarter. Invesco Ltd. owned approximately 1.18% of NMI worth $34,335,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Principal Securities Inc. lifted its stake in NMI by 66.5% in the fourth quarter. Principal Securities Inc. now owns 716 shares of the financial services provider's stock valued at $26,000 after acquiring an additional 286 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of NMI by 288.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,868 shares of the financial services provider's stock valued at $69,000 after purchasing 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 valued at $118,000 after purchasing an additional 892 shares during the last quarter. R Squared Ltd bought a new position in NMI during the fourth quarter worth about $203,000. Finally, AXQ Capital LP bought a new position in NMI during the fourth quarter worth about $207,000. 94.12% of the stock is owned by institutional investors.

NMI Stock Performance

NMI stock traded up $0.69 during midday trading on Tuesday, hitting $33.75. The company's stock had a trading volume of 1,149,941 shares, compared to its average volume of 531,097. 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 cap of $2.64 billion, a price-to-earnings ratio of 7.62, a PEG ratio of 1.41 and a beta of 0.62. NMI Holdings, Inc. has a 1-year low of $30.30 and a 1-year high of $42.49. The company has a 50-day moving average price of $35.04 and a two-hundred day moving average price of $37.09.

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

Insider Activity

In related news, EVP Norman Peter Fitzgerald sold 20,000 shares of NMI 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 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Mohammad Nawaz Yousaf sold 1,083 shares of the company's stock in a transaction on Friday, February 21st. The stock was sold at an average price of $35.44, for a total value of $38,381.52. Following the sale, the executive vice president now 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 disclosure for this sale can be found here. Corporate insiders own 3.00% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on NMIH. JPMorgan Chase & Co. cut their price objective on NMI from $42.00 to $41.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. UBS Group cut their price target on NMI from $42.00 to $41.00 and set a "neutral" rating for the company in a report on Wednesday, February 19th. Barclays downgraded shares of NMI from an "overweight" rating to an "equal weight" rating and decreased their price objective for the company from $48.00 to $41.00 in a report on Monday, January 6th. Finally, Keefe, Bruyette & Woods cut their target price on shares of NMI from $43.00 to $42.00 and set an "outperform" rating for the company in a research note on Tuesday, April 8th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $42.14.

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.