Versor Investments LP Has $820,000 Stock Position in NMI Holdings, Inc. (NASDAQ:NMIH)

Versor Investments LP lifted its position in NMI Holdings, Inc. (NASDAQ:NMIH) by 6.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,311 shares of the financial services provider’s stock after buying an additional 1,400 shares during the quarter. Versor Investments LP’s holdings in NMI were worth $820,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Denali Advisors LLC lifted its stake in shares of NMI by 2,446.6% in the fourth quarter. Denali Advisors LLC now owns 175,718 shares of the financial services provider’s stock worth $6,459,000 after buying an additional 168,818 shares during the last quarter. Illinois Municipal Retirement Fund lifted its stake in shares of NMI by 1.3% in the fourth quarter. Illinois Municipal Retirement Fund now owns 44,032 shares of the financial services provider’s stock worth $1,619,000 after buying an additional 566 shares during the last quarter. Hudson Edge Investment Partners Inc. increased its position in NMI by 27.3% during the fourth quarter. Hudson Edge Investment Partners Inc. now owns 25,568 shares of the financial services provider’s stock worth $940,000 after acquiring an additional 5,490 shares during the period. Hussman Strategic Advisors Inc. bought a new position in NMI during the fourth quarter worth $386,000. Finally, Handelsbanken Fonder AB increased its position in NMI by 15.6% during the fourth quarter. Handelsbanken Fonder AB now owns 19,300 shares of the financial services provider’s stock worth $709,000 after acquiring an additional 2,600 shares during the period. 94.12% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

NMIH has been the topic of a number of research reports. Barclays lowered shares of NMI from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $48.00 to $41.00 in a research report on Monday, January 6th. Keefe, Bruyette & Woods raised shares of NMI from a “market perform” rating to an “outperform” rating and set a $43.00 target price on the stock in a research report on Monday, February 24th. Royal Bank of Canada dropped their target price on shares of NMI from $48.00 to $47.00 and set an “outperform” rating on the stock in a research report on Thursday, November 7th. JPMorgan Chase & Co. dropped their target price on shares of NMI from $46.00 to $41.00 and set an “overweight” rating on the stock in a research report on Monday, December 9th. Finally, UBS Group dropped their target price on shares of NMI from $42.00 to $41.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 19th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $42.29.

NMI Trading Up 1.8 %

Shares of NMI stock opened at $36.44 on Friday. The firm has a market capitalization of $2.86 billion, a PE ratio of 8.23, a price-to-earnings-growth ratio of 1.41 and a beta of 1.12. 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’s fifty day moving average price is $36.78 and its two-hundred day moving average price is $38.54. NMI Holdings, Inc. has a 52-week low of $29.05 and a 52-week high of $42.49.

NMI (NASDAQ:NMIH) last posted its earnings results on Wednesday, February 12th. The financial services provider reported $1.07 earnings per share for the quarter, missing the consensus estimate of $1.14 by ($0.07). NMI had a return on equity of 17.33% and a net margin of 55.32%. On average, analysts expect that NMI Holdings, Inc. will post 4.62 EPS for the current year.

Insider Transactions at NMI

In other news, EVP Norman Peter Fitzgerald sold 20,000 shares of the company’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $35.88, for a total value of $717,600.00. Following the sale, the executive vice president now owns 37,470 shares of the company’s stock, valued at approximately $1,344,423.60. This represents a 34.80 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Mohammad Nawaz Yousaf sold 1,083 shares of the company’s stock in a transaction dated 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 sale, the executive vice president now directly 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. 2.70% of the stock is owned by insiders.

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.