6 days Ago By ABMN Staff
Alliancebernstein L.P. raised its holdings in shares of NMI Holdings, Inc.
( NASDAQ:NMIH – Free Report ) by 5.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 99,364 shares of the financial services provider’s stock after purchasing an additional 4,768 shares during the quarter.
Alliancebernstein L.P.’s holdings in NMI were worth $3,653,000 as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of NMIH. Vanguard Group Inc. increased its position in shares of NMI by 0.
6% during the fourth quarter. Vanguard Group Inc. now owns 7,158,877 shares of the financial services provider’s stock worth $263,160,000 after acquiring an additional 39,503 shares in the last quarter.
American Century Companies Inc. increased its holdings in NMI by 8.0% during the 4th quarter.
American Century Companies Inc. now owns 1,957,179 shares of the financial services provider’s stock worth $71,946,000 after purchasing an additional 145,591 shares in the last quarter. Charles Schwab Investment Management Inc.
raised its stake in shares of NMI by 1.1% in the fourth quarter. Charles Schwab Investment Management Inc.
now owns 1,075,428 shares of the financial services provider’s stock worth $39,533,000 after purchasing an additional 11,347 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of NMI by 25.
3% in the fourth quarter. JPMorgan Chase & Co. now owns 971,863 shares of the financial services provider’s stock worth $35,726,000 after purchasing an additional 196,059 shares during the last quarter.
Finally, Principal Financial Group Inc. lifted its holdings in shares of NMI by 3.6% in the fourth quarter.
Principal Financial Group Inc. now owns 452,264 shares of the financial services provider’s stock valued at $16,625,000 after purchasing an additional 15,868 shares in the last quarter. Institutional investors and hedge funds own 94.
12% of the company’s stock. Insider Transactions at NMI In other NMI news, EVP Mohammad Nawaz Yousaf sold 1,083 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $35.
44, for a total transaction of $38,381.52. Following the transaction, the executive vice president now owns 49,218 shares in the company, valued at approximately $1,744,285.
92. This represents a 2.15 % decrease in their position.
The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website . Also, EVP Norman Peter Fitzgerald sold 20,000 shares of the company’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $35.
88, for a total value of $717,600.00. Following the completion of the sale, the executive vice president now directly owns 37,470 shares in the company, valued at approximately $1,344,423.
60. The trade was a 34.80 % decrease in their ownership of the stock.
The disclosure for this sale can be found here . Corporate insiders own 2.70% of the company’s stock.
NMI Trading Up 1.2 % NMI ( NASDAQ:NMIH – Get Free Report ) last posted its quarterly earnings results on Wednesday, February 12th. The financial services provider reported $1.
07 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.14 by ($0.07).
NMI had a return on equity of 17.33% and a net margin of 55.32%.
As a group, equities research analysts forecast that NMI Holdings, Inc. will post 4.62 earnings per share for the current year.
Analysts Set New Price Targets Several analysts have recently issued reports on NMIH shares. Barclays lowered shares of NMI from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $48.00 to $41.
00 in a research note on Monday, January 6th. JPMorgan Chase & Co. cut their price target on shares of NMI from $42.
00 to $41.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. UBS Group decreased their price objective on shares of NMI from $42.
00 to $41.00 and set a “neutral” rating for the company in a research note on Wednesday, February 19th. Finally, Keefe, Bruyette & Woods reduced their target price on NMI from $43.
00 to $42.00 and set an “outperform” rating for the company in a report on Tuesday, April 8th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock.
According to data from MarketBeat, NMI currently has an average rating of “Moderate Buy” and a consensus price target of $42.14. View Our Latest Stock Analysis on NMIH About NMI ( Free Report ) 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. Featured Articles Want to see what other hedge funds are holding NMIH? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for NMI Holdings, Inc. ( NASDAQ:NMIH – Free Report ). Receive News & Ratings for NMI Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NMI and related companies with MarketBeat.
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