Kessler Investment Group LLC decreased its position in NMI Holdings Inc (NASDAQ:NMIH) by 19.4% during the 4th quarter, Holdings Channel reports. The firm owned 8,317 shares of the financial services provider’s stock after selling 2,000 shares during the quarter. Kessler Investment Group LLC’s holdings in NMI were worth $148,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of NMIH. Vanguard Group Inc boosted its stake in shares of NMI by 9.1% during the third quarter. Vanguard Group Inc now owns 5,439,629 shares of the financial services provider’s stock valued at $123,208,000 after acquiring an additional 455,098 shares during the last quarter. Federated Investors Inc. PA acquired a new stake in shares of NMI during the third quarter valued at $4,141,000. Clearbridge Investments LLC boosted its stake in shares of NMI by 971,988.4% during the third quarter. Clearbridge Investments LLC now owns 670,741 shares of the financial services provider’s stock valued at $15,192,000 after acquiring an additional 670,672 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of NMI by 9.1% during the third quarter. Vanguard Group Inc. now owns 5,439,629 shares of the financial services provider’s stock valued at $123,208,000 after acquiring an additional 455,098 shares during the last quarter. Finally, Morgan Stanley boosted its stake in shares of NMI by 314.9% during the third quarter. Morgan Stanley now owns 586,982 shares of the financial services provider’s stock valued at $13,294,000 after acquiring an additional 445,508 shares during the last quarter. 90.55% of the stock is currently owned by institutional investors.
NASDAQ:NMIH traded up $0.03 during mid-day trading on Friday, reaching $19.14. The company’s stock had a trading volume of 2,484 shares, compared to its average volume of 371,516. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.22. NMI Holdings Inc has a twelve month low of $13.35 and a twelve month high of $24.50. The firm has a market cap of $1.23 billion, a price-to-earnings ratio of 33.39 and a beta of 1.10.
NMI (NASDAQ:NMIH) last issued its quarterly earnings results on Tuesday, October 30th. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.05. NMI had a return on equity of 15.86% and a net margin of 27.89%. The firm had revenue of $71.76 million for the quarter. As a group, research analysts forecast that NMI Holdings Inc will post 1.62 earnings per share for the current fiscal year.
A number of research firms recently commented on NMIH. BidaskClub raised NMI from a “buy” rating to a “strong-buy” rating in a research note on Thursday, September 13th. Zacks Investment Research lowered NMI from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 18th. Keefe, Bruyette & Woods raised NMI from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $25.00 to $28.00 in a research note on Monday, November 5th. ValuEngine lowered NMI from a “buy” rating to a “hold” rating in a research note on Tuesday, November 20th. Finally, Compass Point increased their price objective on NMI from $23.50 to $26.00 and gave the company a “buy” rating in a research note on Wednesday, October 31st. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $24.40.
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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