Creative Planning Increases Holdings in NMI Holdings, Inc. (NASDAQ:NMIH)

Creative Planning increased its position in shares of NMI Holdings, Inc. (NASDAQ:NMIH) by 67.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,649 shares of the financial services provider’s stock after purchasing an additional 7,102 shares during the quarter. Creative Planning’s holdings in NMI were worth $601,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Capital International Investors acquired a new stake in NMI during the 1st quarter valued at approximately $32,270,000. Donald Smith & CO. Inc. acquired a new position in NMI during the second quarter valued at $29,708,000. Goldentree Asset Management LP purchased a new stake in NMI in the first quarter valued at $22,600,000. F M Investments LLC acquired a new stake in NMI during the 2nd quarter worth about $12,447,000. Finally, Vanguard Group Inc. raised its stake in shares of NMI by 5.3% during the 1st quarter. Vanguard Group Inc. now owns 7,168,138 shares of the financial services provider’s stock valued at $231,818,000 after buying an additional 358,930 shares during the last quarter. Hedge funds and other institutional investors own 94.12% of the company’s stock.

Analyst Upgrades and Downgrades

NMIH has been the topic of a number of recent research reports. Barclays upped their target price on NMI from $43.00 to $48.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 8th. StockNews.com cut shares of NMI from a “buy” rating to a “hold” rating in a research note on Wednesday, August 21st. Keefe, Bruyette & Woods boosted their target price on shares of NMI from $37.00 to $40.00 and gave the company a “market perform” rating in a research note on Thursday, August 1st. JPMorgan Chase & Co. raised their price target on shares of NMI from $42.00 to $46.00 and gave the company an “overweight” rating in a research report on Monday, October 7th. Finally, Royal Bank of Canada upgraded shares of NMI from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from $40.00 to $48.00 in a research report on Wednesday, September 18th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $42.13.

NMI Stock Up 0.6 %

NMIH opened at $40.87 on Monday. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.20. NMI Holdings, Inc. has a twelve month low of $26.41 and a twelve month high of $42.49. The company has a market cap of $3.28 billion, a PE ratio of 10.12, a price-to-earnings-growth ratio of 0.93 and a beta of 1.12. The company has a 50-day moving average price of $39.89 and a 200 day moving average price of $35.68.

NMI (NASDAQ:NMIH) last released its earnings results on Tuesday, July 30th. The financial services provider reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.15. NMI had a return on equity of 18.29% and a net margin of 56.40%. The business had revenue of $162.12 million for the quarter, compared to the consensus estimate of $138.49 million. During the same quarter last year, the business posted $0.95 earnings per share. The business’s quarterly revenue was up 13.6% compared to the same quarter last year. Sell-side analysts expect that NMI Holdings, Inc. will post 4.5 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Michael J. Embler sold 26,008 shares of the firm’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $39.35, for a total value of $1,023,414.80. Following the transaction, the director now directly owns 61,607 shares of the company’s stock, valued at approximately $2,424,235.45. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, insider William J. Leatherberry sold 3,000 shares of NMI stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $40.07, for a total transaction of $120,210.00. Following the transaction, the insider now owns 153,689 shares in the company, valued at $6,158,318.23. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael J. Embler sold 26,008 shares of the firm’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $39.35, for a total transaction of $1,023,414.80. Following the sale, the director now owns 61,607 shares of the company’s stock, valued at approximately $2,424,235.45. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.70% of the stock is currently owned by corporate insiders.

NMI Company 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.