Leeward Investments LLC MA Acquires 16,295 Shares of NMI Holdings, Inc. (NASDAQ:NMIH)

Leeward Investments LLC MA increased its holdings in NMI Holdings, Inc. (NASDAQ:NMIH) by 5.6% in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 306,985 shares of the financial services provider’s stock after buying an additional 16,295 shares during the quarter. Leeward Investments LLC MA owned about 0.38% of NMI worth $10,450,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Assenagon Asset Management S.A. boosted its stake in shares of NMI by 23.0% in the 2nd quarter. Assenagon Asset Management S.A. now owns 1,407,610 shares of the financial services provider’s stock worth $47,915,000 after buying an additional 263,250 shares during the last quarter. Financial Strategies Group Inc. lifted its position in shares of NMI by 77.1% in the second quarter. Financial Strategies Group Inc. now owns 11,516 shares of the financial services provider’s stock valued at $396,000 after acquiring an additional 5,013 shares in the last quarter. Diversified Trust Co boosted its stake in shares of NMI by 6.7% in the second quarter. Diversified Trust Co now owns 27,762 shares of the financial services provider’s stock worth $945,000 after acquiring an additional 1,733 shares during the period. Opal Wealth Advisors LLC purchased a new stake in shares of NMI during the second quarter worth about $29,000. Finally, CWM LLC raised its stake in NMI by 92.7% during the 2nd quarter. CWM LLC now owns 2,974 shares of the financial services provider’s stock valued at $101,000 after purchasing an additional 1,431 shares during the period. 94.12% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. JPMorgan Chase & Co. raised their target price on shares of NMI from $40.00 to $42.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. Royal Bank of Canada boosted their price target on shares of NMI from $34.00 to $40.00 and gave the stock a “sector perform” rating in a research report on Wednesday, July 31st. Compass Point upped their price target on shares of NMI from $33.00 to $36.00 and gave the company a “buy” rating in a research note on Tuesday, May 7th. StockNews.com upgraded shares of NMI from a “hold” rating to a “buy” rating in a research report on Tuesday, August 13th. Finally, Keefe, Bruyette & Woods lifted their price target on NMI from $37.00 to $40.00 and gave the stock a “market perform” rating in a research report on Thursday, August 1st. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $40.00.

NMI Stock Performance

NASDAQ:NMIH traded up $0.09 during mid-day trading on Monday, hitting $38.35. The company’s stock had a trading volume of 8,829 shares, compared to its average volume of 543,835. The stock has a market cap of $3.08 billion, a price-to-earnings ratio of 9.49, a PEG ratio of 0.94 and a beta of 1.09. The business’s fifty day moving average is $35.63 and its two-hundred day moving average is $32.75. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.67 and a quick ratio of 0.89. NMI Holdings, Inc. has a 1 year low of $25.62 and a 1 year high of $42.01.

NMI (NASDAQ:NMIH) last announced its quarterly earnings results on Tuesday, July 30th. The financial services provider reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.15. NMI had a return on equity of 18.29% and a net margin of 56.40%. The company had revenue of $162.12 million during the quarter, compared to the consensus estimate of $138.49 million. During the same period in the previous year, the company posted $0.95 earnings per share. NMI’s revenue for the quarter was up 13.6% on a year-over-year basis. Analysts anticipate that NMI Holdings, Inc. will post 4.33 EPS for the current fiscal year.

Insiders Place Their Bets

In other NMI news, Director Michael J. Embler sold 26,008 shares of the firm’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $39.35, for a total value of $1,023,414.80. Following the sale, the director now directly owns 61,607 shares of the company’s stock, valued at $2,424,235.45. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 2.70% of the company’s stock.

About NMI

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.