Moran Wealth Management LLC Has $570,000 Stock Holdings in NMI Holdings, Inc. (NASDAQ:NMIH)

Moran Wealth Management LLC raised its position in NMI Holdings, Inc. (NASDAQ:NMIH) by 8.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 15,517 shares of the financial services provider’s stock after buying an additional 1,273 shares during the quarter. Moran Wealth Management LLC’s holdings in NMI were worth $570,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Principal Securities Inc. boosted its holdings in NMI by 66.5% in the fourth quarter. Principal Securities Inc. now owns 716 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 286 shares during the last quarter. Smartleaf Asset Management LLC lifted its position in NMI by 288.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,868 shares of the financial services provider’s stock valued at $69,000 after purchasing an additional 1,387 shares during the period. KBC Group NV boosted its stake in shares of NMI by 38.3% in the 4th quarter. KBC Group NV now owns 3,221 shares of the financial services provider’s stock valued at $118,000 after purchasing an additional 892 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. grew its position in shares of NMI by 21.3% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,810 shares of the financial services provider’s stock worth $198,000 after buying an additional 846 shares during the period. Finally, Capstone Investment Advisors LLC bought a new stake in shares of NMI during the third quarter worth approximately $222,000. 94.12% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

NMIH has been the topic of a number of recent research reports. Barclays cut shares of NMI from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $48.00 to $41.00 in a research note on Monday, January 6th. UBS Group decreased their price objective on NMI from $42.00 to $41.00 and set a “neutral” rating for the company in a research note on Wednesday, February 19th. JPMorgan Chase & Co. cut their target price on NMI from $46.00 to $41.00 and set an “overweight” rating on the stock in a research note on Monday, December 9th. Finally, Keefe, Bruyette & Woods upgraded 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. Three analysts have rated the stock with a hold rating and five have given 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 a consensus price target of $42.29.

Insider Buying and Selling at NMI

In other NMI news, EVP Mohammad Nawaz Yousaf sold 1,083 shares of NMI stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $35.44, for a total value of $38,381.52. Following the sale, the executive vice president now owns 49,218 shares of the company’s stock, valued at $1,744,285.92. This trade represents a 2.15 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Norman Peter Fitzgerald sold 20,000 shares of the business’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $35.88, for a total value of $717,600.00. Following the completion of the sale, the executive vice president now owns 37,470 shares in the company, valued at approximately $1,344,423.60. This trade represents a 34.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.70% of the company’s stock.

NMI Stock Performance

NMIH stock opened at $34.56 on Thursday. NMI Holdings, Inc. has a 1-year low of $29.05 and a 1-year high of $42.49. The company has a current ratio of 0.60, a quick ratio of 0.83 and a debt-to-equity ratio of 0.19. The firm has a market cap of $2.71 billion, a PE ratio of 7.80, a P/E/G ratio of 1.41 and a beta of 1.02. The business’s 50-day moving average price is $36.53 and its two-hundred day moving average price is $38.37.

NMI (NASDAQ:NMIH) last released its quarterly earnings data on Wednesday, February 12th. The financial services provider reported $1.07 earnings per share for the quarter, missing the consensus estimate 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, research analysts forecast that NMI Holdings, Inc. will post 4.62 earnings per share for the current year.

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.