NMI Holdings, Inc. (NASDAQ:NMIH) Shares Acquired by Nebula Research & Development LLC

Nebula Research & Development LLC increased its holdings in shares of NMI Holdings, Inc. (NASDAQ:NMIH - Free Report) by 288.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 28,393 shares of the financial services provider's stock after purchasing an additional 21,093 shares during the quarter. Nebula Research & Development LLC's holdings in NMI were worth $1,044,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Principal Securities Inc. lifted its position in shares of NMI by 66.5% during the 4th quarter. Principal Securities Inc. now owns 716 shares of the financial services provider's stock worth $26,000 after buying an additional 286 shares during the last quarter. Smartleaf Asset Management LLC raised its stake 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 in the last quarter. Covestor Ltd lifted its position in NMI by 601.1% in the fourth quarter. Covestor Ltd now owns 1,893 shares of the financial services provider's stock valued at $70,000 after acquiring an additional 1,623 shares during the last quarter. Sterling Capital Management LLC boosted its stake in NMI by 786.1% in the fourth quarter. Sterling Capital Management LLC now owns 2,295 shares of the financial services provider's stock valued at $84,000 after acquiring an additional 2,036 shares in the last quarter. Finally, KBC Group NV grew its holdings in shares of NMI by 38.3% during the fourth 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 during the last quarter. 94.12% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In other news, EVP Mohammad Nawaz Yousaf sold 1,083 shares of NMI stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $35.44, for a total transaction of $38,381.52. Following the completion of the sale, the executive vice president now directly owns 49,218 shares in the company, valued at approximately $1,744,285.92. This trade represents a 2.15 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Norman Peter Fitzgerald sold 20,000 shares of the company'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 value of $717,600.00. Following the completion of the sale, the executive vice president now owns 37,470 shares in the company, valued at approximately $1,344,423.60. This represents a 34.80 % decrease in their position. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by company insiders.

NMI Stock Down 1.5 %

NMIH stock opened at $33.40 on Friday. NMI Holdings, Inc. has a one year low of $30.35 and a one 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 company has a fifty day moving average of $34.93 and a 200-day moving average of $36.93. The stock has a market capitalization of $2.61 billion, a PE ratio of 7.54, a price-to-earnings-growth ratio of 1.41 and a beta of 0.62.

NMI (NASDAQ:NMIH - Get Free Report) last announced its quarterly earnings data 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, analysts expect that NMI Holdings, Inc. will post 4.62 EPS for the current 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.