NMI Holdings, Inc. (NASDAQ:NMIH) Shares Acquired by Clearbridge Investments LLC

Clearbridge Investments LLC boosted its holdings in NMI Holdings, Inc. (NASDAQ:NMIH - Free Report) by 24.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,001,095 shares of the financial services provider's stock after acquiring an additional 195,779 shares during the quarter. Clearbridge Investments LLC owned 1.25% of NMI worth $34,077,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Quarry LP grew its stake in shares of NMI by 135.1% during the 2nd quarter. Quarry LP now owns 858 shares of the financial services provider's stock valued at $29,000 after acquiring an additional 493 shares during the period. Creative Planning boosted its position in shares of NMI by 67.3% in the second quarter. Creative Planning now owns 17,649 shares of the financial services provider's stock worth $601,000 after purchasing an additional 7,102 shares during the period. Algert Global LLC increased its stake in shares of NMI by 10.6% in the second quarter. Algert Global LLC now owns 75,261 shares of the financial services provider's stock worth $2,562,000 after purchasing an additional 7,215 shares in the last quarter. Susquehanna Fundamental Investments LLC raised its position in shares of NMI by 284.5% during the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 63,263 shares of the financial services provider's stock valued at $2,153,000 after purchasing an additional 46,809 shares during the period. Finally, Mackenzie Financial Corp raised its position in shares of NMI by 17.7% during the 2nd quarter. Mackenzie Financial Corp now owns 14,673 shares of the financial services provider's stock valued at $499,000 after purchasing an additional 2,205 shares during the period. 94.12% of the stock is owned by institutional investors.

NMI Trading Up 0.6 %

Shares of NMI stock traded up $0.25 on Friday, reaching $41.27. The company had a trading volume of 1,054,437 shares, compared to its average volume of 540,706. NMI Holdings, Inc. has a 52-week low of $26.41 and a 52-week high of $42.49. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.67 and a current ratio of 0.67. The firm's 50 day moving average price is $39.68 and its two-hundred day moving average price is $35.30. The firm has a market cap of $3.31 billion, a PE ratio of 10.22, a PEG ratio of 0.94 and a beta of 1.12.

NMI (NASDAQ:NMIH - Get Free Report) last announced its earnings results on Tuesday, July 30th. The financial services provider reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.15. NMI had a net margin of 56.40% and a return on equity of 18.29%. The firm had revenue of $162.12 million for the quarter, compared to the consensus estimate of $138.49 million. During the same period in the prior year, the firm earned $0.95 EPS. The firm's revenue for the quarter was up 13.6% on a year-over-year basis. Sell-side analysts predict that NMI Holdings, Inc. will post 4.5 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Michael J. Embler sold 26,008 shares of the firm's stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $39.35, for a total transaction of $1,023,414.80. Following the transaction, the director now owns 61,607 shares in the company, valued at $2,424,235.45. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, Director Michael J. Embler sold 26,008 shares of the business's stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $39.35, for a total value of $1,023,414.80. Following the transaction, the director now owns 61,607 shares of the company's stock, valued at approximately $2,424,235.45. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider William J. Leatherberry sold 3,000 shares of the business's stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $40.07, for a total transaction of $120,210.00. Following the transaction, the insider now owns 153,689 shares in the company, valued at approximately $6,158,318.23. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.70% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on NMIH shares. StockNews.com downgraded NMI from a "buy" rating to a "hold" rating in a research report on Wednesday, August 21st. Barclays lifted their price objective on shares of NMI from $41.00 to $43.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 31st. JPMorgan Chase & Co. upped their target price on shares of NMI from $40.00 to $42.00 and gave the company an "overweight" rating in a research report on Wednesday, July 31st. Keefe, Bruyette & Woods increased their price target on shares of NMI from $37.00 to $40.00 and gave the company a "market perform" rating in a report on Thursday, August 1st. Finally, Truist Financial boosted their price objective on NMI from $37.00 to $47.00 and gave the stock a "buy" rating in a research note on Wednesday, July 31st. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $41.00.

NMI 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.