Capital International Investors Buys Shares of 997,841 NMI Holdings, Inc. (NASDAQ:NMIH)

Capital International Investors bought a new stake in NMI Holdings, Inc. (NASDAQ:NMIH) during the first quarter, Holdings Channel reports. The institutional investor bought 997,841 shares of the financial services provider’s stock, valued at approximately $32,270,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NMIH. Daiwa Securities Group Inc. bought a new stake in shares of NMI during the 4th quarter worth about $27,000. Fidelis Capital Partners LLC bought a new stake in shares of NMI during the 1st quarter worth about $31,000. TFO Wealth Partners LLC boosted its stake in shares of NMI by 24,500.0% during the 4th quarter. TFO Wealth Partners LLC now owns 1,230 shares of the financial services provider’s stock worth $37,000 after acquiring an additional 1,225 shares in the last quarter. Robeco Institutional Asset Management B.V. bought a new stake in shares of NMI during the 4th quarter worth about $145,000. Finally, Quadrant Capital Group LLC boosted its stake in NMI by 6.1% during the 4th quarter. Quadrant Capital Group LLC now owns 6,071 shares of the financial services provider’s stock valued at $180,000 after purchasing an additional 350 shares during the period. Hedge funds and other institutional investors own 94.12% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. JPMorgan Chase & Co. increased their target price on NMI from $36.00 to $40.00 and gave the company an “overweight” rating in a research note on Monday, July 8th. UBS Group downgraded NMI from a “buy” rating to a “neutral” rating and increased their target price for the company from $37.00 to $39.00 in a research note on Wednesday, May 22nd. Barclays increased their target price on NMI from $40.00 to $41.00 and gave the company an “overweight” rating in a research note on Tuesday, July 9th. StockNews.com downgraded NMI from a “buy” rating to a “hold” rating in a research note on Thursday, July 11th. Finally, Compass Point increased their target price on NMI from $33.00 to $36.00 and gave the company a “buy” rating in a research note on Tuesday, May 7th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, NMI has a consensus rating of “Moderate Buy” and a consensus price target of $36.44.

NMI Stock Performance

NMI stock traded up $0.68 during trading hours on Friday, hitting $39.38. The stock had a trading volume of 445,664 shares, compared to its average volume of 534,064. NMI Holdings, Inc. has a fifty-two week low of $25.62 and a fifty-two week high of $39.38. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.20. The company has a 50-day moving average of $34.21 and a two-hundred day moving average of $31.95. The company has a market cap of $3.16 billion, a PE ratio of 9.75, a price-to-earnings-growth ratio of 1.29 and a beta of 1.09.

NMI (NASDAQ:NMIH) last issued its earnings results on Tuesday, April 30th. The financial services provider reported $1.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.96 by $0.12. The business had revenue of $156.25 million during the quarter, compared to analysts’ expectations of $133.76 million. NMI had a return on equity of 18.09% and a net margin of 56.26%. NMI’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.88 EPS. On average, equities research analysts anticipate that NMI Holdings, Inc. will post 4.24 EPS for the current fiscal year.

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.