Russell Investments Group Ltd. increased its position in shares of NMI Holdings Inc (NASDAQ:NMIH) by 55.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 553,793 shares of the financial services provider’s stock after buying an additional 197,761 shares during the period. Russell Investments Group Ltd. owned 0.93% of NMI Holdings worth $6,341,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in NMIH. Nisa Investment Advisors LLC boosted its stake in shares of NMI Holdings by 9.1% in 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 during the last quarter. Two Sigma Securities LLC acquired a new stake in shares of NMI Holdings during the first quarter worth approximately $131,000. O Shaughnessy Asset Management LLC acquired a new stake in shares of NMI Holdings during the first quarter worth approximately $223,000. Bank of Montreal Can boosted its stake in shares of 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 worth $224,000 after buying an additional 18,292 shares during the last quarter. Finally, California Public Employees Retirement System acquired a new stake in shares of NMI Holdings during the first quarter worth approximately $239,000. Institutional investors and hedge funds own 80.58% of the company’s stock.

Shares of NMI Holdings Inc (NASDAQ:NMIH) traded down 0.87% during midday trading on Friday, reaching $11.35. 371,692 shares of the company were exchanged. NMI Holdings Inc has a 52-week low of $7.12 and a 52-week high of $12.70. The firm’s 50 day moving average is $11.79 and its 200-day moving average is $11.35. The company has a market capitalization of $679.43 million, a PE ratio of 9.03 and a beta of 0.64.

NMI Holdings (NASDAQ:NMIH) last issued its quarterly earnings results on Tuesday, August 1st. The financial services provider reported $0.10 EPS for the quarter, hitting the consensus estimate of $0.10. NMI Holdings had a net margin of 52.34% and a return on equity of 5.95%. The firm had revenue of $42.20 million for the quarter, compared to analysts’ expectations of $41.13 million. During the same period in the previous year, the business earned $0.03 earnings per share. NMI Holdings’s revenue for the quarter was up 43.1% compared to the same quarter last year. On average, equities analysts forecast that NMI Holdings Inc will post $0.52 earnings per share for the current fiscal year.

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A number of brokerages recently commented on NMIH. BidaskClub raised shares of NMI Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, August 9th. Keefe, Bruyette & Woods cut shares of NMI Holdings from an “outperform” rating to a “market perform” rating and set a $13.00 price objective on the stock. in a research note on Monday, July 17th. Zacks Investment Research raised shares of NMI Holdings from a “sell” rating to a “hold” rating in a research note on Thursday, August 10th. Compass Point cut shares of NMI Holdings from a “buy” rating to a “neutral” rating and set a $13.00 price objective on the stock. in a research note on Tuesday, August 8th. Finally, Deutsche Bank AG set a $15.00 price objective on shares of NMI Holdings and gave the company a “buy” rating in a research note on Wednesday, August 2nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $12.67.

In other NMI Holdings news, CEO Bradley M. Shuster sold 89,227 shares of the business’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $11.81, for a total value of $1,053,770.87. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Regina Muehlhauser purchased 10,000 shares of the company’s stock in a transaction on Thursday, June 15th. The stock was acquired at an average price of $11.03 per share, for a total transaction of $110,300.00. Following the completion of the transaction, the director now owns 21,578 shares of the company’s stock, valued at approximately $238,005.34. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 159,227 shares of company stock worth $1,873,071. 5.40% of the stock is owned by company insiders.

About NMI Holdings

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).

Institutional Ownership by Quarter for NMI Holdings (NASDAQ:NMIH)

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