Swiss National Bank Has $1.02 Million Position in NMI Holdings Inc (NMIH)
Swiss National Bank increased its stake in shares of NMI Holdings Inc (NASDAQ:NMIH) by 15.2% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 88,674 shares of the financial services provider’s stock after buying an additional 11,700 shares during the quarter. Swiss National Bank owned about 0.15% of NMI Holdings worth $1,015,000 at the end of the most recent reporting period.
Other institutional investors also recently made changes to their positions in the company. Nisa Investment Advisors LLC lifted its position in NMI Holdings by 9.1% during the second quarter. Nisa Investment Advisors LLC now owns 9,580 shares of the financial services provider’s stock worth $101,000 after buying an additional 800 shares in the last quarter. Two Sigma Securities LLC purchased a new stake in NMI Holdings in the first quarter valued at $131,000. Legal & General Group Plc raised its position 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 purchasing an additional 1,047 shares during the period. Campbell & CO Investment Adviser LLC raised its position in NMI Holdings by 54.1% in the second quarter. Campbell & CO Investment Adviser LLC now owns 17,869 shares of the financial services provider’s stock valued at $205,000 after purchasing an additional 6,272 shares during the period. Finally, Bank of Montreal Can raised its position in NMI Holdings by 1,484.7% in the second quarter. Bank of Montreal Can now owns 19,524 shares of the financial services provider’s stock valued at $224,000 after purchasing an additional 18,292 shares during the period. Hedge funds and other institutional investors own 84.86% of the company’s stock.
Shares of NMI Holdings Inc (NMIH) opened at 13.45 on Tuesday. The firm has a market capitalization of $805.14 million, a PE ratio of 10.70 and a beta of 0.69. The stock has a 50 day moving average price of $11.62 and a 200-day moving average price of $11.48. NMI Holdings Inc has a 52 week low of $7.50 and a 52 week high of $13.60.
NMI Holdings (NASDAQ:NMIH) last issued its earnings results on Tuesday, August 1st. The financial services provider reported $0.10 earnings per share for the quarter, hitting the consensus estimate of $0.10. The business had revenue of $42.20 million for the quarter, compared to analyst estimates of $41.13 million. NMI Holdings had a return on equity of 5.95% and a net margin of 52.34%. The business’s quarterly revenue was up 43.1% on a year-over-year basis. During the same period last year, the company posted $0.03 EPS. Equities analysts anticipate that NMI Holdings Inc will post $0.51 earnings per share for the current year.
In related news, EVP William J. Leatherberry acquired 5,000 shares of the business’s stock in a transaction on Tuesday, August 29th. The shares were bought at an average cost of $10.65 per share, with a total value of $53,250.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Bradley M. Shuster sold 30,000 shares of the firm’s stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $11.79, for a total value of $353,700.00. The disclosure for this sale can be found here. Insiders sold a total of 149,227 shares of company stock worth $1,760,571 over the last ninety days. Corporate insiders own 5.40% of the company’s stock.
A number of research firms have commented on NMIH. BidaskClub upgraded NMI Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, August 9th. Keefe, Bruyette & Woods upgraded NMI Holdings from a “market perform” rating to an “outperform” rating in a research report on Tuesday, September 5th. Zacks Investment Research upgraded NMI Holdings from a “hold” rating to a “strong-buy” rating and set a $15.00 target price on the stock in a research report on Saturday. Compass Point restated a “neutral” rating and issued a $13.00 target price on shares of NMI Holdings in a research report on Saturday. Finally, Deutsche Bank AG set a $15.00 target price on NMI Holdings and gave the company a “buy” rating in a research report on Wednesday, August 2nd. One analyst has rated the stock with a sell rating, two have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. NMI Holdings presently has an average rating of “Buy” and a consensus price target of $13.86.
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).
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