New Age Alpha Advisors LLC Takes Position in NMI Holdings, Inc. (NASDAQ:NMIH)

New Age Alpha Advisors LLC purchased a new stake in NMI Holdings, Inc. (NASDAQ:NMIH) during the fourth quarter, according to its most recent filing with the SEC. The fund purchased 128,436 shares of the financial services provider’s stock, valued at approximately $4,721,000. New Age Alpha Advisors LLC owned about 0.16% of NMI as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the stock. Principal Securities Inc. boosted its position in shares of NMI by 66.5% during the 4th quarter. Principal Securities Inc. now owns 716 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 286 shares during the last quarter. Smartleaf Asset Management LLC lifted its position in NMI by 288.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,868 shares of the financial services provider’s stock valued at $69,000 after purchasing an additional 1,387 shares during the last quarter. KBC Group NV grew its stake in shares of NMI by 38.3% in the 4th quarter. KBC Group NV now owns 3,221 shares of the financial services provider’s stock worth $118,000 after buying an additional 892 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. increased its holdings in shares of NMI by 21.3% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,810 shares of the financial services provider’s stock worth $198,000 after buying an additional 846 shares during the last quarter. Finally, R Squared Ltd purchased a new stake in shares of NMI during the 4th quarter valued at about $203,000. Hedge funds and other institutional investors own 94.12% of the company’s stock.

Insider Buying and Selling

In other news, EVP Norman Peter Fitzgerald sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $35.88, for a total value of $717,600.00. Following the completion of 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Mohammad Nawaz Yousaf sold 1,083 shares of NMI stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $35.44, for a total transaction of $38,381.52. Following the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. 2.70% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms recently commented on NMIH. JPMorgan Chase & Co. dropped their price target on NMI from $46.00 to $41.00 and set an “overweight” rating for the company in a research report on Monday, December 9th. UBS Group cut their target price on NMI from $42.00 to $41.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 19th. Barclays lowered NMI from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $48.00 to $41.00 in a report on Monday, January 6th. Finally, Keefe, Bruyette & Woods raised shares of NMI from a “market perform” rating to an “outperform” rating and set a $43.00 price objective for the company in a research note on Monday, February 24th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $42.29.

NMI Stock Down 1.5 %

NASDAQ:NMIH opened at $36.00 on Friday. The company has a market cap of $2.82 billion, a price-to-earnings ratio of 8.13, a price-to-earnings-growth ratio of 1.41 and a beta of 1.02. NMI Holdings, Inc. has a twelve month low of $29.05 and a twelve month high of $42.49. The company has a current ratio of 0.60, a quick ratio of 0.83 and a debt-to-equity ratio of 0.19. The stock has a fifty day simple moving average of $36.41 and a 200-day simple moving average of $37.97.

NMI (NASDAQ:NMIH) last announced its quarterly earnings data 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%. Analysts anticipate that NMI Holdings, Inc. will post 4.62 EPS for the current year.

NMI Company 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.