American Century Companies Inc. Increases Holdings in NMI Holdings, Inc. (NASDAQ:NMIH)

American Century Companies Inc. boosted its stake in shares of NMI Holdings, Inc. (NASDAQ:NMIH) by 8.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,957,179 shares of the financial services provider’s stock after buying an additional 145,591 shares during the period. American Century Companies Inc. owned 2.47% of NMI worth $71,946,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Principal Securities Inc. boosted its position in shares of NMI by 66.5% during the 4th 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 holdings in NMI by 288.4% in 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 last quarter. KBC Group NV increased its holdings in shares of NMI by 38.3% during the 4th quarter. KBC Group NV now owns 3,221 shares of the financial services provider’s stock worth $118,000 after buying an additional 892 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. raised 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 valued at $198,000 after buying an additional 846 shares during the period. Finally, Capstone Investment Advisors LLC acquired a new position in NMI in the third quarter valued at approximately $222,000. 94.12% of the stock is currently owned by hedge funds and other institutional investors.

NMI Price Performance

Shares of NMIH opened at $36.08 on Wednesday. The company has a market cap of $2.83 billion, a P/E ratio of 8.14, a PEG ratio of 1.41 and a beta of 1.02. NMI Holdings, Inc. has a fifty-two week low of $29.05 and a fifty-two week high of $42.49. The company has a quick ratio of 0.83, a current ratio of 0.60 and a debt-to-equity ratio of 0.19. The firm’s 50 day moving average price is $36.47 and its 200 day moving average price is $38.02.

NMI (NASDAQ:NMIH) last released its earnings results on Wednesday, February 12th. The financial services provider reported $1.07 EPS for the quarter, missing the consensus estimate of $1.14 by ($0.07). NMI had a return on equity of 17.33% and a net margin of 55.32%. On average, research analysts forecast that NMI Holdings, Inc. will post 4.62 earnings per share for the current fiscal year.

Insider Transactions at NMI

In other news, 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 transaction, the executive vice president now owns 49,218 shares in the company, valued at approximately $1,744,285.92. This represents a 2.15 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Norman Peter Fitzgerald sold 20,000 shares of NMI stock in a transaction on Monday, February 24th. The stock was sold at an average price of $35.88, for a total transaction of $717,600.00. Following 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 disclosure for this sale can be found here. Corporate insiders own 2.70% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.