New Age Alpha Advisors LLC Takes $4.72 Million Position in NMI Holdings, Inc. (NASDAQ:NMIH)

New Age Alpha Advisors LLC acquired a new stake in NMI Holdings, Inc. (NASDAQ:NMIH - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 128,436 shares of the financial services provider's stock, valued at approximately $4,721,000. New Age Alpha Advisors LLC owned about 0.16% of NMI at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Jane Street Group LLC raised its position in shares of NMI by 64.2% during the third quarter. Jane Street Group LLC now owns 139,173 shares of the financial services provider's stock worth $5,733,000 after purchasing an additional 54,391 shares during the period. JPMorgan Chase & Co. increased its stake in NMI by 3.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 775,804 shares of the financial services provider's stock worth $31,955,000 after purchasing an additional 24,838 shares in the last quarter. Citigroup Inc. raised its holdings in NMI by 95.4% during the 3rd quarter. Citigroup Inc. now owns 129,180 shares of the financial services provider's stock worth $5,321,000 after buying an additional 63,058 shares during the period. BNP Paribas Financial Markets raised its holdings in NMI by 53.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 112,224 shares of the financial services provider's stock worth $4,623,000 after buying an additional 39,012 shares during the period. Finally, Assetmark Inc. boosted its holdings in shares of NMI by 12.6% in the fourth quarter. Assetmark Inc. now owns 88,010 shares of the financial services provider's stock valued at $3,235,000 after buying an additional 9,842 shares during the period. Institutional investors and hedge funds own 94.12% of the company's stock.

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Analyst Upgrades and Downgrades

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

NMI Stock Up 0.7 %

NMIH traded up $0.26 during trading on Wednesday, reaching $36.85. 138,636 shares of the stock were exchanged, compared to its average volume of 510,524. 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 stock's 50 day moving average price is $36.35 and its two-hundred day moving average price is $37.89. NMI Holdings, Inc. has a twelve month low of $29.05 and a twelve month high of $42.49. The stock has a market cap of $2.89 billion, a P/E ratio of 8.32, a price-to-earnings-growth ratio of 1.41 and a beta of 1.02.

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 return on equity of 17.33% and a net margin of 55.32%. Equities analysts expect that NMI Holdings, Inc. will post 4.62 EPS for the current year.

Insider Buying and Selling at NMI

In related news, EVP Mohammad Nawaz Yousaf sold 1,083 shares of the company's stock in a transaction dated 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 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Norman Peter Fitzgerald sold 20,000 shares of the firm's stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $35.88, for a total transaction of $717,600.00. Following the sale, the executive vice president now 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 disclosure for this sale can be found here. Corporate insiders own 2.70% of the company's stock.

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.