Two Sigma Advisers LP lifted its position in shares of NMI Holdings (NASDAQ:NMIH) by 39.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 118,300 shares of the financial services provider’s stock after buying an additional 33,500 shares during the quarter. Two Sigma Advisers LP’s holdings in NMI were worth $2,011,000 at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of NMIH. SG Americas Securities LLC acquired a new stake in NMI in the third quarter worth $156,000. Macquarie Group Ltd. acquired a new stake in NMI in the third quarter worth $113,000. Citadel Advisors LLC acquired a new stake in NMI in the third quarter worth $141,000. Wells Fargo & Company MN grew its holdings in NMI by 25.6% in the third quarter. Wells Fargo & Company MN now owns 776,721 shares of the financial services provider’s stock worth $9,632,000 after purchasing an additional 158,400 shares during the period. Finally, Schwab Charles Investment Management Inc. grew its holdings in NMI by 11.8% in the third quarter. Schwab Charles Investment Management Inc. now owns 260,892 shares of the financial services provider’s stock worth $3,236,000 after purchasing an additional 27,476 shares during the period. Institutional investors and hedge funds own 84.31% of the company’s stock.
A number of equities research analysts have commented on NMIH shares. BidaskClub cut shares of NMI from a “strong-buy” rating to a “buy” rating in a report on Thursday, March 15th. Compass Point upgraded shares of NMI from a “neutral” rating to a “buy” rating and set a $21.00 price target for the company in a report on Tuesday, February 6th. BTIG Research restated a “buy” rating and issued a $21.00 price target on shares of NMI in a report on Sunday, February 18th. Keefe, Bruyette & Woods restated a “buy” rating and issued a $25.00 price target on shares of NMI in a report on Friday, February 23rd. Finally, TheStreet cut shares of NMI from a “b” rating to a “c+” rating in a report on Tuesday, March 20th. One analyst has rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $21.86.
Shares of NASDAQ NMIH opened at $17.70 on Monday. The stock has a market cap of $1,153.07, a PE ratio of 31.05 and a beta of 0.87. NMI Holdings has a 1 year low of $10.10 and a 1 year high of $21.92. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.28.
NMI (NASDAQ:NMIH) last issued its quarterly earnings data on Thursday, February 15th. The financial services provider reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.05. The firm had revenue of $54.54 million during the quarter, compared to analysts’ expectations of $51.32 million. NMI had a net margin of 12.07% and a return on equity of 7.89%. The business’s revenue was up 48.9% on a year-over-year basis. During the same period last year, the company earned $0.04 earnings per share. research analysts anticipate that NMI Holdings will post 1.34 EPS for the current fiscal year.
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NMI Holdings, Inc, through its subsidiaries, provides private mortgage guaranty insurance services in the United States. The company offers mortgage insurance; reinsurance on loans; 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.
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