Vestcor Inc Increases Stock Holdings in NMI Holdings, Inc. (NASDAQ:NMIH)

Vestcor Inc grew its position in NMI Holdings, Inc. (NASDAQ:NMIH) by 53.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,385 shares of the financial services provider’s stock after buying an additional 5,720 shares during the quarter. Vestcor Inc’s holdings in NMI were worth $602,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in NMIH. Principal Securities Inc. boosted its stake in shares of NMI by 66.5% during 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 boosted its stake in shares of NMI by 288.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,868 shares of the financial services provider’s stock valued at $69,000 after acquiring an additional 1,387 shares during the last quarter. KBC Group NV boosted its stake in shares of NMI by 38.3% during the fourth quarter. KBC Group NV now owns 3,221 shares of the financial services provider’s stock valued at $118,000 after acquiring an additional 892 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. boosted its stake in shares of NMI by 21.3% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,810 shares of the financial services provider’s stock valued at $198,000 after acquiring an additional 846 shares during the last quarter. Finally, R Squared Ltd acquired a new stake in shares of NMI during the fourth quarter valued at $203,000. Hedge funds and other institutional investors own 94.12% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on the company. JPMorgan Chase & Co. decreased their price objective on NMI from $46.00 to $41.00 and set an “overweight” rating on the stock in a research note on Monday, December 9th. UBS Group decreased their price target on NMI from $42.00 to $41.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 19th. Barclays lowered NMI from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $48.00 to $41.00 in a research note on Monday, January 6th. Finally, Keefe, Bruyette & Woods raised NMI from a “market perform” rating to an “outperform” rating and set a $43.00 price target on the stock in a research note on Monday, February 24th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, NMI has an average rating of “Moderate Buy” and an average target price of $42.29.

NMI Stock Performance

NMIH stock opened at $35.40 on Monday. 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 $2.78 billion, a P/E ratio of 7.99, a P/E/G ratio of 1.41 and a beta of 1.02. NMI Holdings, Inc. has a 12-month low of $29.05 and a 12-month high of $42.49. The stock’s 50 day simple moving average is $36.46 and its 200 day simple moving average is $38.29.

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

Insider Buying and Selling

In other news, 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 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 $1,344,423.60. This represents a 34.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, 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 value of $38,381.52. Following the completion of the sale, the executive vice president now owns 49,218 shares of the company’s stock, valued at approximately $1,744,285.92. This trade represents a 2.15 % decrease in their position. The disclosure for this sale can be found here. 2.70% of the stock is owned by company insiders.

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.