Legato Capital Management LLC Purchases Shares of 13,659 NMI Holdings Inc $NMIH

Legato Capital Management LLC purchased a new stake in shares of NMI Holdings Inc (NASDAQ:NMIH) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 13,659 shares of the financial services provider’s stock, valued at approximately $557,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Dimensional Fund Advisors LP increased its stake in NMI by 0.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 4,288,867 shares of the financial services provider’s stock valued at $164,437,000 after purchasing an additional 31,570 shares in the last quarter. American Century Companies Inc. increased its stake in NMI by 5.8% during the 3rd quarter. American Century Companies Inc. now owns 2,379,801 shares of the financial services provider’s stock valued at $91,242,000 after purchasing an additional 130,002 shares in the last quarter. Van Berkom & Associates Inc. increased its stake in NMI by 5.6% during the 4th quarter. Van Berkom & Associates Inc. now owns 2,016,030 shares of the financial services provider’s stock valued at $82,234,000 after purchasing an additional 106,400 shares in the last quarter. Barclays PLC increased its stake in NMI by 3.6% during the 3rd quarter. Barclays PLC now owns 1,104,880 shares of the financial services provider’s stock valued at $42,361,000 after purchasing an additional 38,021 shares in the last quarter. Finally, Bank of America Corp DE increased its stake in NMI by 95.3% during the 3rd quarter. Bank of America Corp DE now owns 1,014,557 shares of the financial services provider’s stock valued at $38,898,000 after purchasing an additional 495,144 shares in the last quarter. Institutional investors own 94.12% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on NMIH shares. Royal Bank Of Canada started coverage on shares of NMI in a research note on Friday. They set an “outperform” rating and a $46.00 price target for the company. UBS Group set a $46.00 target price on shares of NMI in a research note on Friday. Barclays reduced their target price on shares of NMI from $44.00 to $43.00 and set an “equal weight” rating for the company in a research note on Monday, April 6th. JPMorgan Chase & Co. reduced their target price on shares of NMI from $44.00 to $43.00 and set an “overweight” rating for the company in a research note on Thursday, April 9th. Finally, Keefe, Bruyette & Woods reduced their target price on shares of NMI from $50.00 to $46.00 and set an “outperform” rating for the company in a research note on Monday, May 4th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, NMI presently has an average rating of “Moderate Buy” and a consensus target price of $44.80.

NMI Price Performance

Shares of NASDAQ NMIH opened at $37.15 on Wednesday. NMI Holdings Inc has a twelve month low of $34.84 and a twelve month high of $43.20. The stock’s 50 day moving average price is $38.37 and its 200-day moving average price is $38.77. The company has a market capitalization of $2.82 billion, a PE ratio of 7.57, a PEG ratio of 1.29 and a beta of 0.59. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.16.

NMI (NASDAQ:NMIH) last announced its earnings results on Thursday, April 30th. The financial services provider reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.22 by $0.06. NMI had a return on equity of 15.18% and a net margin of 53.82%.The firm had revenue of $183.48 million for the quarter, compared to the consensus estimate of $153.99 million. During the same quarter in the previous year, the business earned $1.28 EPS. The company’s revenue was up 5.9% compared to the same quarter last year. On average, equities analysts anticipate that NMI Holdings Inc will post 5.15 EPS for the current year.

Insider Buying and Selling

In other news, Chairman Bradley M. Shuster sold 19,557 shares of the business’s stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $39.85, for a total value of $779,346.45. Following the transaction, the chairman owned 415,411 shares in the company, valued at $16,554,128.35. The trade was a 4.50% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael Curry Montgomery sold 1,554 shares of the stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $37.90, for a total transaction of $58,896.60. Following the transaction, the director owned 69,026 shares of the company’s stock, valued at approximately $2,616,085.40. The trade was a 2.20% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 97,466 shares of company stock worth $3,700,103 in the last 90 days. Company insiders own 2.44% of the company’s stock.

About NMI

NMI Holdings, Inc (NASDAQ: NMIH) is a publicly traded mortgage insurance company that provides private mortgage insurance to lenders across the United States and Canada. Through its principal subsidiary, National Mortgage Insurance Corporation, NMI underwrites and issues policies that protect originators and investors against losses arising from borrower default on residential mortgage loans. By mitigating credit risk on higher‐loan‐to‐value mortgages, the company supports homebuyers’ access to financing and contributes to overall market liquidity.

Beyond its core mortgage insurance products, NMI offers credit risk‐sharing and reinsurance solutions designed to help clients optimize capital utilization and manage portfolio exposure.