AlphaMark Advisors LLC Has $332,000 Position in NMI Holdings, Inc. (NASDAQ:NMIH)

AlphaMark Advisors LLC increased its holdings in shares of NMI Holdings, Inc. (NASDAQ:NMIH) by 15.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,259 shares of the financial services provider’s stock after acquiring an additional 1,391 shares during the quarter. AlphaMark Advisors LLC’s holdings in NMI were worth $332,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in NMI by 3.4% in the 4th quarter. Vanguard Group Inc. now owns 6,809,208 shares of the financial services provider’s stock valued at $202,097,000 after buying an additional 225,364 shares in the last quarter. American Century Companies Inc. grew its holdings in NMI by 11.6% in the 3rd quarter. American Century Companies Inc. now owns 988,812 shares of the financial services provider’s stock valued at $26,787,000 after buying an additional 102,857 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in NMI by 9.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 980,783 shares of the financial services provider’s stock valued at $29,110,000 after buying an additional 81,727 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in NMI by 88.1% in the 4th quarter. Assenagon Asset Management S.A. now owns 859,955 shares of the financial services provider’s stock valued at $25,523,000 after buying an additional 402,793 shares in the last quarter. Finally, Clearbridge Investments LLC grew its holdings in NMI by 22.5% in the 4th quarter. Clearbridge Investments LLC now owns 804,527 shares of the financial services provider’s stock valued at $23,878,000 after buying an additional 147,941 shares in the last quarter. 94.12% of the stock is owned by institutional investors and hedge funds.

NMI Price Performance

Shares of NMIH stock opened at $34.02 on Tuesday. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.20. NMI Holdings, Inc. has a twelve month low of $24.83 and a twelve month high of $34.39. The company has a market cap of $2.73 billion, a P/E ratio of 8.42, a P/E/G ratio of 1.16 and a beta of 1.09. The business has a fifty day simple moving average of $32.78 and a 200 day simple moving average of $31.09.

NMI (NASDAQ:NMIH) last announced its quarterly earnings data on Tuesday, April 30th. The financial services provider reported $1.08 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.12. NMI had a return on equity of 18.09% and a net margin of 56.26%. The business had revenue of $156.25 million during the quarter, compared to the consensus estimate of $133.76 million. During the same period in the prior year, the company earned $0.88 EPS. NMI’s revenue for the quarter was up 14.2% on a year-over-year basis. On average, sell-side analysts forecast that NMI Holdings, Inc. will post 4.24 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

NMIH has been the topic of a number of research reports. Compass Point upped their price objective on NMI from $33.00 to $36.00 and gave the company a “buy” rating in a report on Tuesday, May 7th. Keefe, Bruyette & Woods upped their target price on NMI from $33.00 to $36.00 and gave the company a “market perform” rating in a research report on Thursday, April 4th. JPMorgan Chase & Co. upped their target price on NMI from $35.00 to $36.00 and gave the company an “overweight” rating in a research report on Wednesday, May 1st. StockNews.com upgraded NMI from a “hold” rating to a “buy” rating in a research report on Wednesday, June 19th. Finally, UBS Group downgraded NMI from a “buy” rating to a “neutral” rating and upped their target price for the company from $37.00 to $39.00 in a research report on Wednesday, May 22nd. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $35.56.

NMI Company 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.