NMI Holdings Inc $NMIH Shares Bought by Renaissance Group LLC

Renaissance Group LLC grew its position in NMI Holdings Inc (NASDAQ:NMIH) by 30.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 170,783 shares of the financial services provider’s stock after buying an additional 39,366 shares during the quarter. Renaissance Group LLC owned 0.22% of NMI worth $7,205,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Universal Beteiligungs und Servicegesellschaft mbH grew its stake in shares of NMI by 29.3% in the second quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 149,033 shares of the financial services provider’s stock worth $6,288,000 after acquiring an additional 33,815 shares in the last quarter. Citizens Financial Group Inc. RI increased its stake in shares of NMI by 4.3% during the second quarter. Citizens Financial Group Inc. RI now owns 13,484 shares of the financial services provider’s stock worth $569,000 after buying an additional 551 shares during the period. Intech Investment Management LLC raised its holdings in NMI by 14.8% in the second quarter. Intech Investment Management LLC now owns 90,342 shares of the financial services provider’s stock valued at $3,812,000 after acquiring an additional 11,661 shares in the last quarter. Creative Planning lifted its position in shares of NMI by 23.9% during the 2nd quarter. Creative Planning now owns 29,106 shares of the financial services provider’s stock worth $1,228,000 after purchasing an additional 5,611 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of NMI by 6.8% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 20,057 shares of the financial services provider’s stock valued at $846,000 after acquiring an additional 1,283 shares during the last quarter. Hedge funds and other institutional investors own 94.12% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on NMIH. Barclays reaffirmed a “cautious” rating on shares of NMI in a research report on Monday, October 6th. Weiss Ratings reiterated a “buy (b)” rating on shares of NMI in a research note on Wednesday, October 8th. Finally, JPMorgan Chase & Co. reduced their price objective on NMI from $43.00 to $42.00 and set an “overweight” rating for the company in a research note on Wednesday, November 5th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $41.20.

NMI Trading Up 0.6%

Shares of NMI stock opened at $36.83 on Wednesday. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.17. The company’s 50-day simple moving average is $37.33 and its 200-day simple moving average is $38.61. The firm has a market cap of $2.83 billion, a price-to-earnings ratio of 7.71, a price-to-earnings-growth ratio of 1.13 and a beta of 0.63. NMI Holdings Inc has a 52-week low of $31.90 and a 52-week high of $43.20.

NMI (NASDAQ:NMIH) last released its earnings results on Tuesday, November 4th. The financial services provider reported $1.21 EPS for the quarter, meeting analysts’ consensus estimates of $1.21. The company had revenue of $171.56 million during the quarter, compared to the consensus estimate of $177.01 million. NMI had a return on equity of 16.08% and a net margin of 55.02%.NMI’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.15 earnings per share. As a group, equities research analysts anticipate that NMI Holdings Inc will post 4.62 earnings per share for the current year.

Insider Transactions at NMI

In other NMI news, Director Steven Scheid sold 19,926 shares of the business’s stock in a transaction on Monday, September 15th. The stock was sold at an average price of $39.31, for a total transaction of $783,291.06. Following the sale, the director directly owned 78,960 shares in the company, valued at approximately $3,103,917.60. The trade was a 20.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 3.00% of the company’s stock.

About NMI

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.