Congress Wealth Management LLC DE Acquires New Position in NMI Holdings, Inc. (NASDAQ:NMIH)

Congress Wealth Management LLC DE acquired a new position in shares of NMI Holdings, Inc. (NASDAQ:NMIH) during the 4th quarter, HoldingsChannel reports. The firm acquired 6,147 shares of the financial services provider’s stock, valued at approximately $226,000.

A number of other large investors have also recently bought and sold shares of NMIH. Vanguard Group Inc. raised its position in shares of NMI by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 7,158,877 shares of the financial services provider’s stock worth $263,160,000 after purchasing an additional 39,503 shares during the period. State Street Corp lifted its stake in NMI by 1.0% in the third quarter. State Street Corp now owns 3,565,348 shares of the financial services provider’s stock valued at $146,857,000 after buying an additional 35,351 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of NMI by 8.0% during the fourth quarter. American Century Companies Inc. now owns 1,957,179 shares of the financial services provider’s stock valued at $71,946,000 after acquiring an additional 145,591 shares during the period. FMR LLC grew its position in shares of NMI by 7.6% during the third quarter. FMR LLC now owns 1,517,092 shares of the financial services provider’s stock worth $62,489,000 after acquiring an additional 107,771 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of NMI by 1.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,075,428 shares of the financial services provider’s stock worth $39,533,000 after acquiring an additional 11,347 shares during the period. Institutional investors own 94.12% of the company’s stock.

Insider Transactions at NMI

In related news, EVP Mohammad Nawaz Yousaf sold 1,083 shares of NMI stock in a transaction on Friday, February 21st. The stock was sold at an average price of $35.44, for a total value of $38,381.52. Following the transaction, the executive vice president now directly owns 49,218 shares in the company, valued at $1,744,285.92. The trade was a 2.15 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Norman Peter Fitzgerald sold 20,000 shares of the company’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $35.88, for a total value of $717,600.00. Following the sale, the executive vice president now directly owns 37,470 shares of the company’s stock, valued at approximately $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.

NMI Stock Down 1.5 %

Shares of NMIH stock opened at $36.00 on Friday. NMI Holdings, Inc. has a 1 year low of $29.05 and a 1 year high of $42.49. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.83 and a current ratio of 0.60. The business’s fifty day moving average is $36.41 and its 200-day moving average is $37.96. The stock has a market cap of $2.82 billion, a PE ratio of 8.13, a price-to-earnings-growth ratio of 1.41 and a beta of 1.02.

NMI (NASDAQ:NMIH) last released its earnings results on Wednesday, February 12th. The financial services provider reported $1.07 earnings per share (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%. Equities analysts expect that NMI Holdings, Inc. will post 4.62 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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