Millennium Management LLC Has $3.35 Million Holdings in NMI Holdings Inc (NMIH)

Millennium Management LLC boosted its stake in NMI Holdings Inc (NASDAQ:NMIH) by 15.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 187,660 shares of the financial services provider’s stock after buying an additional 24,891 shares during the period. Millennium Management LLC owned 0.28% of NMI worth $3,350,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Piedmont Investment Advisors Inc. increased its position in NMI by 4.2% in the fourth quarter. Piedmont Investment Advisors Inc. now owns 15,718 shares of the financial services provider’s stock worth $281,000 after buying an additional 635 shares during the period. United Services Automobile Association increased its position in NMI by 4.3% in the fourth quarter. United Services Automobile Association now owns 18,111 shares of the financial services provider’s stock worth $323,000 after buying an additional 744 shares during the period. Comerica Bank increased its position in NMI by 1.2% in the fourth quarter. Comerica Bank now owns 64,493 shares of the financial services provider’s stock worth $1,403,000 after buying an additional 778 shares during the period. Legal & General Group Plc increased its position in NMI by 0.6% in the fourth quarter. Legal & General Group Plc now owns 140,750 shares of the financial services provider’s stock worth $2,499,000 after buying an additional 796 shares during the period. Finally, Neuburgh Advisers LLC increased its position in NMI by 13.1% in the fourth quarter. Neuburgh Advisers LLC now owns 7,200 shares of the financial services provider’s stock worth $128,000 after buying an additional 832 shares during the period. 90.89% of the stock is currently owned by hedge funds and other institutional investors.

In related news, insider Bradley M. Shuster sold 88,423 shares of the firm’s stock in a transaction dated Thursday, February 21st. The stock was sold at an average price of $24.75, for a total transaction of $2,188,469.25. Following the completion of the transaction, the insider now owns 728,795 shares of the company’s stock, valued at $18,037,676.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP William J. Leatherberry sold 15,663 shares of the firm’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $26.17, for a total value of $409,900.71. Following the transaction, the executive vice president now directly owns 160,974 shares of the company’s stock, valued at approximately $4,212,689.58. The disclosure for this sale can be found here. In the last three months, insiders sold 387,073 shares of company stock valued at $9,647,534. Company insiders own 4.20% of the company’s stock.

Several brokerages have weighed in on NMIH. SunTrust Banks began coverage on NMI in a research report on Thursday. They issued a “buy” rating and a $34.00 target price on the stock. B. Riley lowered NMI from a “buy” rating to a “neutral” rating and set a $26.00 target price on the stock. in a research report on Friday, April 12th. Zacks Investment Research lowered NMI from a “buy” rating to a “hold” rating in a research report on Wednesday, March 13th. BidaskClub raised NMI from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, February 20th. Finally, Barclays set a $28.00 price target on NMI and gave the stock a “buy” rating in a research note on Thursday, February 14th. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. NMI presently has a consensus rating of “Buy” and a consensus price target of $26.44.

NASDAQ:NMIH opened at $26.49 on Friday. NMI Holdings Inc has a 1 year low of $13.70 and a 1 year high of $27.81. The firm has a market capitalization of $1.77 billion, a PE ratio of 15.96 and a beta of 1.39. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.21.

NMI (NASDAQ:NMIH) last released its quarterly earnings results on Tuesday, February 12th. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.01. NMI had a return on equity of 17.47% and a net margin of 39.24%. The company had revenue of $76.26 million during the quarter, compared to analysts’ expectations of $77.40 million. As a group, sell-side analysts predict that NMI Holdings Inc will post 2.21 earnings per share for the current year.

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NMI Profile

NMI Holdings, Inc, through its subsidiaries, provides private mortgage guaranty insurance services in the United States. The company offers mortgage insurance; reinsurance on loans; 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.

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Institutional Ownership by Quarter for NMI (NASDAQ:NMIH)

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