Vanguard Group Inc. grew its holdings in shares of NMI Holdings Inc (NASDAQ:NMIH) by 10.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,569,591 shares of the financial services provider’s stock after buying an additional 239,387 shares during the period. Vanguard Group Inc. owned 4.29% of NMI Holdings worth $29,421,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Northern Trust Corp raised its holdings in shares of NMI Holdings by 13.5% during the second quarter. Northern Trust Corp now owns 620,784 shares of the financial services provider’s stock valued at $7,108,000 after buying an additional 73,856 shares during the last quarter. Mutual of America Capital Management LLC raised its holdings in shares of NMI Holdings by 7.0% during the second quarter. Mutual of America Capital Management LLC now owns 581,317 shares of the financial services provider’s stock valued at $6,656,000 after buying an additional 38,002 shares during the last quarter. New York State Common Retirement Fund raised its holdings in shares of NMI Holdings by 3.0% during the second quarter. New York State Common Retirement Fund now owns 540,370 shares of the financial services provider’s stock valued at $6,187,000 after buying an additional 15,499 shares during the last quarter. Alliancebernstein L.P. raised its holdings in shares of NMI Holdings by 531.7% during the second quarter. Alliancebernstein L.P. now owns 289,320 shares of the financial services provider’s stock valued at $3,313,000 after buying an additional 243,520 shares during the last quarter. Finally, Wells Fargo & Company MN raised its holdings in shares of NMI Holdings by 849.8% during the second quarter. Wells Fargo & Company MN now owns 618,321 shares of the financial services provider’s stock valued at $7,081,000 after buying an additional 553,221 shares during the last quarter. 84.08% of the stock is currently owned by institutional investors.

In other NMI Holdings news, EVP William J. Leatherberry purchased 5,000 shares of the firm’s stock in a transaction on Tuesday, August 29th. The shares were purchased at an average price of $10.65 per share, for a total transaction of $53,250.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Julie Norberg sold 16,600 shares of NMI Holdings stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $16.73, for a total transaction of $277,718.00. Following the completion of the transaction, the vice president now owns 32,305 shares in the company, valued at approximately $540,462.65. The disclosure for this sale can be found here. Insiders own 5.40% of the company’s stock.

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A number of equities research analysts have recently weighed in on the company. B. Riley reaffirmed a “buy” rating on shares of NMI Holdings in a report on Monday, November 6th. BidaskClub upgraded shares of NMI Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, August 9th. Compass Point raised their price objective on shares of NMI Holdings from $13.00 to $16.00 and gave the company a “neutral” rating in a research note on Thursday, November 2nd. Zacks Investment Research upgraded shares of NMI Holdings from a “sell” rating to a “hold” rating in a research note on Thursday, August 10th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and set a $19.50 price objective on shares of NMI Holdings in a research note on Friday, November 3rd. One research analyst has rated the stock with a sell rating, three have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $15.93.

NMI Holdings Inc (NASDAQ:NMIH) opened at $15.80 on Friday. NMI Holdings Inc has a 12 month low of $8.45 and a 12 month high of $17.08. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.28. The company has a market cap of $954.53, a P/E ratio of 27.90 and a beta of 0.75.

NMI Holdings (NASDAQ:NMIH) last posted its quarterly earnings data on Wednesday, November 1st. The financial services provider reported $0.20 EPS for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.06. The business had revenue of $48.95 million for the quarter, compared to analyst estimates of $45.79 million. NMI Holdings had a net margin of 51.80% and a return on equity of 6.95%. The business’s revenue for the quarter was up 37.8% on a year-over-year basis. During the same quarter last year, the business earned $0.10 earnings per share. research analysts expect that NMI Holdings Inc will post 0.56 EPS for the current fiscal year.

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

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