Zurcher Kantonalbank Zurich Cantonalbank Buys 1,494 Shares of NMI Holdings, Inc. (NASDAQ:NMIH)

Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of NMI Holdings, Inc. (NASDAQ:NMIH) by 7.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,034 shares of the financial services provider’s stock after purchasing an additional 1,494 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in NMI were worth $773,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Amundi grew its holdings in NMI by 27.1% during the 4th quarter. Amundi now owns 139,891 shares of the financial services provider’s stock worth $4,991,000 after acquiring an additional 29,865 shares during the last quarter. Edgestream Partners L.P. grew its holdings in NMI by 132.6% during the 4th quarter. Edgestream Partners L.P. now owns 173,178 shares of the financial services provider’s stock worth $6,366,000 after acquiring an additional 98,722 shares during the last quarter. Inceptionr LLC grew its holdings in NMI by 37.8% during the 4th quarter. Inceptionr LLC now owns 18,081 shares of the financial services provider’s stock worth $665,000 after acquiring an additional 4,962 shares during the last quarter. Raymond James Financial Inc. bought a new stake in NMI during the 4th quarter worth approximately $13,136,000. Finally, Atria Investments Inc grew its holdings in NMI by 5.9% during the 4th quarter. Atria Investments Inc now owns 7,572 shares of the financial services provider’s stock worth $278,000 after acquiring an additional 422 shares during the last quarter. 94.12% of the stock is owned by institutional investors.

NMI Stock Down 0.5 %

NMI stock opened at $35.29 on Friday. The company has a quick ratio of 0.83, a current ratio of 0.60 and a debt-to-equity ratio of 0.19. NMI Holdings, Inc. has a 12-month low of $29.05 and a 12-month high of $42.49. The firm’s fifty day moving average is $36.45 and its 200 day moving average is $38.13. The company has a market capitalization of $2.77 billion, a PE ratio of 7.97, a PEG ratio of 1.41 and a beta of 1.02.

NMI (NASDAQ:NMIH) last released its earnings results on Wednesday, February 12th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.07). NMI had a net margin of 55.32% and a return on equity of 17.33%. As a group, sell-side analysts predict that NMI Holdings, Inc. will post 4.62 EPS for the current fiscal year.

Insider Activity at NMI

In other NMI news, EVP Mohammad Nawaz Yousaf sold 1,083 shares of the company’s stock in a transaction on Friday, February 21st. The shares were 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 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 transaction of $717,600.00. Following the transaction, the executive vice president now owns 37,470 shares in the company, valued at approximately $1,344,423.60. The trade was a 34.80 % decrease in their position. The disclosure for this sale can be found here. 2.40% of the stock is owned by corporate insiders.

Analyst Ratings Changes

NMIH has been the topic of a number of research reports. UBS Group reduced their target price on shares of NMI from $42.00 to $41.00 and set a “neutral” rating on the stock in a report on Wednesday, February 19th. Keefe, Bruyette & Woods raised shares of NMI from a “market perform” rating to an “outperform” rating and set a $43.00 target price on the stock in a report on Monday, February 24th. Barclays downgraded shares of NMI from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $48.00 to $41.00 in a research report on Monday, January 6th. Finally, JPMorgan Chase & Co. dropped their price target on shares of NMI from $46.00 to $41.00 and set an “overweight” rating on the stock in a research report on Monday, December 9th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, NMI currently has a consensus rating of “Moderate Buy” and a consensus target price of $42.29.

NMI Profile

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.