Fmr LLC increased its position in shares of NMI Holdings Inc (NASDAQ:NMIH) by 4.7% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 3,435,836 shares of the financial services provider’s stock after purchasing an additional 153,882 shares during the quarter. Fmr LLC owned about 0.05% of NMI worth $56,003,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. raised its position in NMI by 9.3% in the second quarter. BlackRock Inc. now owns 8,429,259 shares of the financial services provider’s stock valued at $137,398,000 after purchasing an additional 717,539 shares during the period. Wells Fargo & Company MN raised its position in NMI by 123.7% in the second quarter. Wells Fargo & Company MN now owns 849,619 shares of the financial services provider’s stock valued at $13,849,000 after purchasing an additional 469,850 shares during the period. Boston Partners purchased a new stake in NMI in the second quarter valued at approximately $10,654,000. Mutual of America Capital Management LLC raised its position in NMI by 3.6% in the second quarter. Mutual of America Capital Management LLC now owns 652,665 shares of the financial services provider’s stock valued at $10,638,000 after purchasing an additional 22,426 shares during the period. Finally, Northern Trust Corp raised its position in NMI by 2.0% in the first quarter. Northern Trust Corp now owns 642,195 shares of the financial services provider’s stock valued at $10,629,000 after purchasing an additional 12,897 shares during the period. 90.51% of the stock is currently owned by hedge funds and other institutional investors.

In related news, CEO Bradley M. Shuster sold 81,972 shares of the business’s stock in a transaction on Thursday, September 6th. The shares were sold at an average price of $21.24, for a total transaction of $1,741,085.28. Following the completion of the transaction, the chief executive officer now owns 643,056 shares in the company, valued at $13,658,509.44. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Bradley M. Shuster sold 83,184 shares of the business’s stock in a transaction on Tuesday, September 18th. The stock was sold at an average price of $22.23, for a total transaction of $1,849,180.32. Following the transaction, the chief executive officer now owns 643,056 shares of the company’s stock, valued at approximately $14,295,134.88. The disclosure for this sale can be found here. In the last quarter, insiders have sold 438,220 shares of company stock valued at $9,503,491. Insiders own 5.70% of the company’s stock.

A number of analysts have issued reports on NMIH shares. Royal Bank of Canada reissued a “buy” rating and issued a $24.00 target price on shares of NMI in a research report on Thursday, August 2nd. Keefe, Bruyette & Woods downgraded shares of NMI from an “outperform” rating to a “market perform” rating and set a $23.50 price target for the company. in a research note on Monday, August 6th. BidaskClub downgraded shares of NMI from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 30th. Barclays assumed coverage on shares of NMI in a research note on Monday, September 10th. They issued an “overweight” rating and a $28.00 price target for the company. Finally, Zacks Investment Research downgraded shares of NMI from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 4th. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $22.85.

Shares of NMIH stock opened at $22.80 on Monday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.27 and a quick ratio of 0.27. The firm has a market cap of $1.50 billion, a P/E ratio of 40.00 and a beta of 1.11. NMI Holdings Inc has a 12 month low of $11.80 and a 12 month high of $24.50.

NMI (NASDAQ:NMIH) last issued its earnings results on Wednesday, August 1st. The financial services provider reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.05. The firm had revenue of $67.45 million during the quarter. NMI had a net margin of 25.23% and a return on equity of 13.46%. sell-side analysts anticipate that NMI Holdings Inc will post 1.55 earnings per share for the current year.

NMI Company Profile

NMI Holdings, Inc, through its subsidiaries, provides private mortgage guaranty insurance services in the United States. The company offers mortgage insurance; reinsurance on loans; 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.

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Institutional Ownership by Quarter for NMI (NASDAQ:NMIH)

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