LPL Financial LLC Boosts Stake in NMI Holdings, Inc. (NASDAQ:NMIH)

LPL Financial LLC lifted its position in shares of NMI Holdings, Inc. (NASDAQ:NMIH - Free Report) by 197.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 49,962 shares of the financial services provider's stock after acquiring an additional 33,174 shares during the quarter. LPL Financial LLC owned approximately 0.06% of NMI worth $1,837,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Barclays PLC boosted its stake in shares of NMI by 264.4% during the third quarter. Barclays PLC now owns 386,999 shares of the financial services provider's stock valued at $15,940,000 after purchasing an additional 280,809 shares in the last quarter. Virtu Financial LLC acquired a new stake in NMI during the 3rd quarter worth approximately $380,000. Sanctuary Advisors LLC grew its holdings in NMI by 6.0% during the 3rd quarter. Sanctuary Advisors LLC now owns 54,594 shares of the financial services provider's stock worth $2,114,000 after acquiring an additional 3,066 shares during the last quarter. World Investment Advisors LLC bought a new stake in NMI during the 3rd quarter worth approximately $1,059,000. Finally, Tidal Investments LLC increased its position in NMI by 92.9% in the 3rd quarter. Tidal Investments LLC now owns 38,069 shares of the financial services provider's stock valued at $1,568,000 after acquiring an additional 18,333 shares during the period. Institutional investors own 94.12% of the company's stock.

Analysts Set New Price Targets

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

Insider Activity at NMI

In related news, EVP Norman Peter Fitzgerald sold 20,000 shares of NMI stock in a transaction 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 completion of the sale, the executive vice president now owns 37,470 shares of the company's stock, valued at approximately $1,344,423.60. This trade represents a 34.80 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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 transaction 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. The trade was a 2.15 % decrease in their position. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by corporate insiders.

NMI Trading Up 0.7 %

Shares of NMI stock traded up $0.25 on Friday, reaching $33.68. 854,575 shares of the company's stock were exchanged, compared to its average volume of 527,990. The company has a market capitalization of $2.64 billion, a P/E ratio of 7.60, a price-to-earnings-growth ratio of 1.41 and a beta of 0.62. NMI Holdings, Inc. has a 52 week low of $29.92 and a 52 week 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 firm's 50-day moving average is $35.12 and its two-hundred day moving average is $37.17.

NMI (NASDAQ:NMIH - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The financial services provider reported $1.07 EPS for the quarter, missing analysts' consensus estimates of $1.14 by ($0.07). NMI had a return on equity of 17.33% and a net margin of 55.32%. Sell-side analysts predict that NMI Holdings, Inc. will post 4.62 EPS for the current fiscal year.

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.