Vanguard Group Inc. Has $263.16 Million Holdings in NMI Holdings, Inc. (NASDAQ:NMIH)

Vanguard Group Inc. raised its stake in shares of NMI Holdings, Inc. (NASDAQ:NMIH - Free Report) by 0.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,158,877 shares of the financial services provider's stock after acquiring an additional 39,503 shares during the quarter. Vanguard Group Inc. owned approximately 9.05% of NMI worth $263,160,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Principal Securities Inc. grew its stake in NMI by 66.5% during the fourth 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 boosted its holdings in shares of NMI by 288.4% in 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. KBC Group NV increased its holdings in NMI by 38.3% during the 4th quarter. KBC Group NV now owns 3,221 shares of the financial services provider's stock valued at $118,000 after purchasing an additional 892 shares in the last quarter. R Squared Ltd bought a new position in NMI in the 4th quarter valued at $203,000. Finally, AXQ Capital LP acquired a new position in NMI in the fourth quarter worth $207,000. Institutional investors and hedge funds own 94.12% of the company's stock.

Insider Transactions at NMI

In other news, EVP Norman Peter Fitzgerald sold 20,000 shares of NMI stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $35.88, for a total transaction of $717,600.00. Following the transaction, the executive vice president now owns 37,470 shares in the company, valued at $1,344,423.60. The trade was a 34.80 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Mohammad Nawaz Yousaf sold 1,083 shares of the firm'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 sale, the executive vice president now owns 49,218 shares in the company, valued at $1,744,285.92. This trade represents a 2.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.70% of the company's stock.

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NMI Trading Up 5.5 %

NASDAQ NMIH traded up $1.79 on Wednesday, reaching $34.63. The company had a trading volume of 791,674 shares, compared to its average volume of 522,368. NMI Holdings, Inc. has a 52 week low of $29.05 and a 52 week high of $42.49. The stock's 50 day moving average is $35.68 and its 200-day moving average is $37.55. The company has a quick ratio of 0.83, a current ratio of 0.60 and a debt-to-equity ratio of 0.19. The stock has a market cap of $2.71 billion, a price-to-earnings ratio of 7.82, a PEG 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 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%. Equities analysts predict that NMI Holdings, Inc. will post 4.62 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on NMIH shares. Barclays cut NMI from an "overweight" rating to an "equal weight" rating and cut their price target for the company from $48.00 to $41.00 in a report on Monday, January 6th. JPMorgan Chase & Co. reduced 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. Keefe, Bruyette & Woods lowered their price target on shares of NMI from $43.00 to $42.00 and set an "outperform" rating for the company in a report on Tuesday. Finally, UBS Group reduced their price objective on NMI from $42.00 to $41.00 and set a "neutral" rating on the stock in a report on Wednesday, February 19th. Three equities 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.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $42.14.

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.