Vanguard Group Inc. Has $202.10 Million Position in NMI Holdings, Inc. (NASDAQ:NMIH)

Vanguard Group Inc. lifted its holdings in NMI Holdings, Inc. (NASDAQ:NMIH) by 3.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,809,208 shares of the financial services provider’s stock after buying an additional 225,364 shares during the period. Vanguard Group Inc. owned about 0.08% of NMI worth $202,097,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Lazard Asset Management LLC grew its stake in NMI by 426.0% during the 3rd quarter. Lazard Asset Management LLC now owns 52,255 shares of the financial services provider’s stock valued at $1,414,000 after acquiring an additional 42,321 shares in the last quarter. Panagora Asset Management Inc. grew its position in NMI by 7.5% during the fourth quarter. Panagora Asset Management Inc. now owns 497,427 shares of the financial services provider’s stock valued at $14,764,000 after purchasing an additional 34,620 shares in the last quarter. Norges Bank acquired a new position in NMI in the 4th quarter valued at approximately $20,006,000. Eagle Asset Management Inc. purchased a new stake in NMI in the 4th quarter worth approximately $5,045,000. Finally, Tudor Investment Corp Et Al lifted its position in NMI by 223.8% in the 3rd quarter. Tudor Investment Corp Et Al now owns 205,640 shares of the financial services provider’s stock worth $5,571,000 after buying an additional 142,135 shares in the last quarter. Hedge funds and other institutional investors own 94.12% of the company’s stock.

NMI Stock Up 0.7 %

Shares of NMI stock opened at $34.25 on Wednesday. NMI Holdings, Inc. has a 12-month low of $24.83 and a 12-month high of $34.58. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.20. The stock has a 50 day moving average price of $32.85 and a two-hundred day moving average price of $31.13. The stock has a market capitalization of $2.75 billion, a P/E ratio of 8.48, a PEG ratio of 1.16 and a beta of 1.09.

NMI (NASDAQ:NMIH) last issued its quarterly earnings data on Tuesday, April 30th. The financial services provider reported $1.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.12. NMI had a net margin of 56.26% and a return on equity of 18.09%. The business had revenue of $156.25 million during the quarter, compared to analysts’ expectations of $133.76 million. During the same period in the previous year, the company earned $0.88 earnings per share. NMI’s revenue for the quarter was up 14.2% on a year-over-year basis. Equities analysts expect that NMI Holdings, Inc. will post 4.24 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. StockNews.com raised shares of NMI from a “hold” rating to a “buy” rating in a research note on Wednesday, June 19th. UBS Group lowered NMI from a “buy” rating to a “neutral” rating and upped their target price for the stock from $37.00 to $39.00 in a research report on Wednesday, May 22nd. Truist Financial raised their price target on NMI from $36.00 to $37.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. JPMorgan Chase & Co. boosted their price target on NMI from $35.00 to $36.00 and gave the company an “overweight” rating in a research note on Wednesday, May 1st. Finally, Keefe, Bruyette & Woods raised their price objective on shares of NMI from $33.00 to $36.00 and gave the company a “market perform” rating in a research report on Thursday, April 4th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $35.56.

About NMI

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.