Universal Beteiligungs und Servicegesellschaft mbH Increases Stake in NMI Holdings Inc $NMIH

Universal Beteiligungs und Servicegesellschaft mbH increased its stake in NMI Holdings Inc (NASDAQ:NMIH) by 29.3% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 149,033 shares of the financial services provider’s stock after purchasing an additional 33,815 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned 0.19% of NMI worth $6,288,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Maseco LLP acquired a new stake in shares of NMI during the second quarter worth $32,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in NMI during the 2nd quarter worth about $36,000. Neo Ivy Capital Management purchased a new stake in NMI during the 1st quarter valued at about $47,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of NMI in the first quarter valued at about $48,000. Finally, Quarry LP raised its stake in shares of NMI by 89.3% in the first quarter. Quarry LP now owns 1,482 shares of the financial services provider’s stock worth $53,000 after purchasing an additional 699 shares during the last quarter. Institutional investors and hedge funds own 94.12% of the company’s stock.

Analyst Ratings Changes

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

NMI Price Performance

NASDAQ:NMIH opened at $37.63 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.86 and a quick ratio of 0.86. The company has a 50 day moving average price of $37.17 and a 200-day moving average price of $38.59. NMI Holdings Inc has a 1-year low of $31.90 and a 1-year high of $43.20. The firm has a market cap of $2.89 billion, a price-to-earnings ratio of 7.87, a price-to-earnings-growth ratio of 1.16 and a beta of 0.63.

NMI (NASDAQ:NMIH) last announced its quarterly earnings results on Tuesday, November 4th. The financial services provider reported $1.21 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.21. The firm had revenue of $171.56 million for the quarter, compared to the consensus estimate of $177.01 million. NMI had a net margin of 55.02% and a return on equity of 16.08%. The firm’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.15 earnings per share. Equities research analysts forecast that NMI Holdings Inc will post 4.62 EPS for the current year.

Insider Activity

In other news, Director Steven Scheid sold 19,926 shares of the firm’s stock in a transaction dated 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 $3,103,917.60. This trade represents a 20.15% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.00% of the stock is currently owned by insiders.

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.