NMI Holdings, Inc. (NASDAQ:NMIH) Shares Purchased by Diversified Trust Co

Diversified Trust Co boosted its holdings in NMI Holdings, Inc. (NASDAQ:NMIH) by 6.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 26,029 shares of the financial services provider’s stock after acquiring an additional 1,499 shares during the period. Diversified Trust Co’s holdings in NMI were worth $842,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

A number of research analysts have commented on NMIH shares. Truist Financial upped their price target on NMI from $36.00 to $37.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. Keefe, Bruyette & Woods upped their price objective on NMI from $33.00 to $36.00 and gave the stock a “market perform” rating in a research report on Thursday, April 4th. UBS Group lowered NMI from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $37.00 to $39.00 in a research report on Wednesday, May 22nd. JPMorgan Chase & Co. upped their price objective on NMI from $35.00 to $36.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 1st. Finally, Compass Point upped their price objective on NMI from $33.00 to $36.00 and gave the stock a “buy” rating in a research report on Tuesday, May 7th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $35.56.

NMI Stock Performance

NASDAQ:NMIH opened at $34.25 on Wednesday. The firm has a market capitalization of $2.75 billion, a PE ratio of 8.48, a price-to-earnings-growth ratio of 1.16 and a beta of 1.09. The business’s fifty day moving average price is $32.85 and its 200 day moving average price is $31.13. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.89 and a quick ratio of 0.89. NMI Holdings, Inc. has a 12 month low of $24.83 and a 12 month high of $34.58.

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

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.