Capital Research Global Investors boosted its position in NMI Holdings Inc (NASDAQ:NMIH) by 72.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,481,202 shares of the financial services provider’s stock after acquiring an additional 1,462,624 shares during the quarter. Capital Research Global Investors owned 5.82% of NMI Holdings worth $39,860,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the stock. Hancock Holding Co. raised its holdings in NMI Holdings by 4.3% in the second quarter. Hancock Holding Co. now owns 17,365 shares of the financial services provider’s stock valued at $199,000 after acquiring an additional 715 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in NMI Holdings by 9.1% in the second quarter. Nisa Investment Advisors LLC now owns 9,580 shares of the financial services provider’s stock valued at $101,000 after acquiring an additional 800 shares in the last quarter. Legal & General Group Plc raised its holdings in NMI Holdings by 8.8% in the second quarter. Legal & General Group Plc now owns 13,003 shares of the financial services provider’s stock valued at $149,000 after acquiring an additional 1,047 shares in the last quarter. Falcon Point Capital LLC raised its holdings in NMI Holdings by 0.5% in the second quarter. Falcon Point Capital LLC now owns 204,271 shares of the financial services provider’s stock valued at $2,339,000 after acquiring an additional 1,055 shares in the last quarter. Finally, Alpine Woods Capital Investors LLC raised its holdings in NMI Holdings by 10.0% in the second quarter. Alpine Woods Capital Investors LLC now owns 22,000 shares of the financial services provider’s stock valued at $252,000 after acquiring an additional 2,000 shares in the last quarter. 84.89% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NMI Holdings Inc (NMIH) opened at 12.15 on Friday. NMI Holdings Inc has a 12-month low of $7.50 and a 12-month high of $12.70. The firm’s 50-day moving average is $11.45 and its 200-day moving average is $11.42. The firm has a market cap of $727.32 million, a PE ratio of 9.67 and a beta of 0.69.

NMI Holdings (NASDAQ:NMIH) last announced its earnings results on Tuesday, August 1st. The financial services provider reported $0.10 EPS for the quarter, meeting the consensus estimate of $0.10. NMI Holdings had a return on equity of 5.95% and a net margin of 52.34%. The business had revenue of $42.20 million during the quarter, compared to the consensus estimate of $41.13 million. During the same period in the prior year, the business posted $0.03 earnings per share. NMI Holdings’s revenue was up 43.1% compared to the same quarter last year. Equities analysts expect that NMI Holdings Inc will post $0.52 earnings per share for the current fiscal year.

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In related news, CEO Bradley M. Shuster sold 89,227 shares of the stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $11.81, for a total value of $1,053,770.87. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP William J. Leatherberry acquired 5,000 shares of NMI Holdings stock in a transaction that occurred on Tuesday, August 29th. The stock was acquired at an average cost of $10.65 per share, with a total value of $53,250.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 149,227 shares of company stock valued at $1,760,571. 5.40% of the stock is currently owned by company insiders.

Several brokerages recently weighed in on NMIH. BidaskClub raised shares of NMI Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, August 9th. Keefe, Bruyette & Woods cut shares of NMI Holdings from an “outperform” rating to a “market perform” rating and set a $13.00 target price on the stock. in a report on Monday, July 17th. Zacks Investment Research raised shares of NMI Holdings from a “sell” rating to a “hold” rating in a report on Thursday, August 10th. ValuEngine raised shares of NMI Holdings from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Finally, Compass Point cut shares of NMI Holdings from a “buy” rating to a “neutral” rating and set a $13.00 target price on the stock. in a report on Tuesday, August 8th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $13.20.

NMI Holdings Profile

NMI Holdings, Inc (NMIH) provides private mortgage guaranty insurance through its insurance subsidiaries. The Company’s primary insurance subsidiary, National Mortgage Insurance Corporation (NMIC), is a mortgage insurance (MI) provider on loans purchased by the Government-sponsored enterprises (GSEs).

Institutional Ownership by Quarter for NMI Holdings (NASDAQ:NMIH)

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