Royce & Associates LP Grows Stock Holdings in NMI Holdings, Inc. (NASDAQ:NMIH)

Royce & Associates LP lifted its position in shares of NMI Holdings, Inc. (NASDAQ:NMIH) by 1.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 140,288 shares of the financial services provider’s stock after purchasing an additional 2,417 shares during the period. Royce & Associates LP owned 0.18% of NMI worth $5,157,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. State Street Corp raised its position in NMI by 1.0% during the 3rd quarter. State Street Corp now owns 3,565,348 shares of the financial services provider’s stock valued at $146,857,000 after purchasing an additional 35,351 shares during the last quarter. FMR LLC raised its holdings in shares of NMI by 7.6% during the third quarter. FMR LLC now owns 1,517,092 shares of the financial services provider’s stock valued at $62,489,000 after acquiring an additional 107,771 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in NMI by 1.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,075,428 shares of the financial services provider’s stock worth $39,533,000 after acquiring an additional 11,347 shares during the period. JPMorgan Chase & Co. boosted its holdings in NMI by 3.3% in the third quarter. JPMorgan Chase & Co. now owns 775,804 shares of the financial services provider’s stock valued at $31,955,000 after acquiring an additional 24,838 shares in the last quarter. Finally, Principal Financial Group Inc. increased its position in NMI by 3.6% during the 4th quarter. Principal Financial Group Inc. now owns 452,264 shares of the financial services provider’s stock valued at $16,625,000 after purchasing an additional 15,868 shares during the period. 94.12% of the stock is currently owned by hedge funds and other institutional investors.

NMI Price Performance

NMIH stock opened at $35.42 on Thursday. 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 has a market capitalization of $2.78 billion, a price-to-earnings ratio of 8.00, a PEG ratio of 1.41 and a beta of 1.02. The firm has a 50 day moving average price of $36.44 and a 200-day moving average price of $38.19. NMI Holdings, Inc. has a 52-week low of $29.05 and a 52-week high of $42.49.

NMI (NASDAQ:NMIH) last announced its quarterly earnings data on Wednesday, February 12th. The financial services provider reported $1.07 earnings per share (EPS) 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 research analysts forecast that NMI Holdings, Inc. will post 4.62 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Barclays cut 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 upgraded shares of NMI from a “market perform” rating to an “outperform” rating and set a $43.00 price objective for the company in a report on Monday, February 24th. JPMorgan Chase & Co. reduced their target price on NMI from $46.00 to $41.00 and set an “overweight” rating on the stock in a report on Monday, December 9th. Finally, UBS Group lowered their target price on NMI from $42.00 to $41.00 and set a “neutral” rating for the company in a research note on Wednesday, February 19th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $42.29.

Insider Buying and Selling

In other news, EVP Norman Peter Fitzgerald sold 20,000 shares of the business’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $35.88, for a total value of $717,600.00. Following the completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Mohammad Nawaz Yousaf sold 1,083 shares of the stock in a transaction on Friday, February 21st. The shares were sold at an average price of $35.44, for a total value of $38,381.52. Following the sale, the executive vice president now directly 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. 2.40% of the stock is currently owned by company 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.