Bowling Portfolio Management LLC Invests $943,000 in NMI Holdings Inc (NMIH)

Bowling Portfolio Management LLC bought a new stake in shares of NMI Holdings Inc (NASDAQ:NMIH) in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 57,869 shares of the financial services provider’s stock, valued at approximately $943,000.

A number of other large investors have also bought and sold shares of NMIH. Quantbot Technologies LP purchased a new position in NMI during the 1st quarter valued at about $126,000. Kessler Investment Group LLC purchased a new position in NMI during the 2nd quarter valued at about $133,000. Nisa Investment Advisors LLC purchased a new position in NMI during the 2nd quarter valued at about $144,000. SG Americas Securities LLC purchased a new position in NMI during the 1st quarter valued at about $159,000. Finally, 6 Meridian purchased a new position in NMI during the 1st quarter valued at about $170,000. Hedge funds and other institutional investors own 91.91% of the company’s stock.

Several equities analysts have weighed in on NMIH shares. Royal Bank of Canada started coverage on shares of NMI in a report on Thursday, April 19th. They set an “outperform” rating and a $18.00 target price for the company. Compass Point restated a “buy” rating and set a $24.00 target price on shares of NMI in a report on Thursday, August 2nd. Zacks Investment Research downgraded shares of NMI from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 4th. BidaskClub upgraded shares of NMI from a “hold” rating to a “buy” rating in a report on Friday, July 20th. Finally, Keefe, Bruyette & Woods downgraded shares of NMI from an “outperform” rating to a “market perform” rating and set a $23.50 target price for the company. in a report on Monday, August 6th. One analyst has rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $22.28.

In other news, EVP William J. Leatherberry sold 45,000 shares of NMI stock in a transaction dated Thursday, August 16th. The shares were sold at an average price of $21.80, for a total transaction of $981,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Bradley M. Shuster sold 30,000 shares of NMI stock in a transaction dated Wednesday, May 23rd. The stock was sold at an average price of $17.16, for a total transaction of $514,800.00. Following the sale, the chief executive officer now owns 583,056 shares of the company’s stock, valued at $10,005,240.96. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 326,746 shares of company stock valued at $6,173,829. Insiders own 5.70% of the company’s stock.

Shares of NASDAQ NMIH opened at $21.70 on Friday. The stock has a market cap of $1.42 billion, a PE ratio of 38.07 and a beta of 1.12. NMI Holdings Inc has a 12 month low of $10.10 and a 12 month high of $22.50. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.23.

NMI (NASDAQ:NMIH) last issued its quarterly earnings results on Wednesday, August 1st. The financial services provider reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.05. The business had revenue of $67.45 million during the quarter. NMI had a net margin of 25.23% and a return on equity of 13.46%. research analysts predict that NMI Holdings Inc will post 1.55 earnings per share for the current fiscal year.

NMI Profile

NMI Holdings, Inc, through its subsidiaries, provides private mortgage guaranty insurance services in the United States. The company offers mortgage insurance; reinsurance on loans; 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.

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Institutional Ownership by Quarter for NMI (NASDAQ:NMIH)

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