Renaissance Group LLC Grows Stock Holdings in NMI Holdings, Inc. (NASDAQ:NMIH)

Renaissance Group LLC lifted its position in shares of NMI Holdings, Inc. (NASDAQ:NMIH - Free Report) by 10.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 107,334 shares of the financial services provider's stock after acquiring an additional 9,771 shares during the quarter. Renaissance Group LLC owned approximately 0.14% of NMI worth $3,946,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Principal Securities Inc. raised its stake in shares of NMI by 66.5% during 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. Janney Montgomery Scott LLC increased its holdings in NMI by 2.2% in the fourth quarter. Janney Montgomery Scott LLC now owns 14,883 shares of the financial services provider's stock valued at $547,000 after purchasing an additional 320 shares during the period. Tealwood Asset Management Inc. raised its position in NMI by 1.2% during the 4th quarter. Tealwood Asset Management Inc. now owns 32,192 shares of the financial services provider's stock worth $1,183,000 after purchasing an additional 376 shares during the last quarter. Atria Investments Inc grew its position in shares of NMI by 5.9% in the 4th quarter. Atria Investments Inc now owns 7,572 shares of the financial services provider's stock valued at $278,000 after buying an additional 422 shares during the last quarter. Finally, Xponance Inc. increased its stake in shares of NMI by 10.3% in the fourth quarter. Xponance Inc. now owns 5,636 shares of the financial services provider's stock valued at $207,000 after buying an additional 524 shares during the period. Institutional investors and hedge funds own 94.12% of the company's stock.

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Wall Street Analyst Weigh In

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

NMI Stock Performance

Shares of NASDAQ:NMIH traded up $0.21 during trading on Monday, hitting $34.15. 77,575 shares of the company were exchanged, compared to its average volume of 536,987. NMI Holdings, Inc. has a 52-week low of $29.05 and a 52-week high of $42.49. The stock has a 50 day moving average of $35.48 and a 200 day moving average of $37.42. 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 $2.67 billion, a PE ratio of 7.71, a P/E/G ratio of 1.41 and a beta of 0.62.

NMI (NASDAQ:NMIH - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The financial services provider reported $1.07 EPS for the quarter, missing the consensus estimate 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, equities research analysts predict that NMI Holdings, Inc. will post 4.62 EPS for the current year.

Insider Transactions at NMI

In other NMI news, EVP Mohammad Nawaz Yousaf sold 1,083 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the executive vice president now owns 49,218 shares of the company's stock, valued at $1,744,285.92. This represents a 2.15 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 transaction 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 trade represents a 34.80 % decrease in their position. The disclosure for this sale can be found here. Company 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.