Wedge Capital Management L L P NC Grows Stock Holdings in NMI Holdings, Inc. (NASDAQ:NMIH)

Wedge Capital Management L L P NC increased its position in NMI Holdings, Inc. (NASDAQ:NMIH) by 10.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 276,542 shares of the financial services provider’s stock after purchasing an additional 26,565 shares during the quarter. Wedge Capital Management L L P NC owned 0.34% of NMI worth $8,208,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of NMI by 2.5% in the third quarter. Vanguard Group Inc. now owns 6,583,844 shares of the financial services provider’s stock valued at $178,356,000 after purchasing an additional 162,614 shares during the period. Van Berkom & Associates Inc. raised its holdings in NMI by 7.3% in the third quarter. Van Berkom & Associates Inc. now owns 2,708,797 shares of the financial services provider’s stock valued at $73,381,000 after acquiring an additional 185,099 shares in the last quarter. American Century Companies Inc. raised its holdings in NMI by 11.6% in the third quarter. American Century Companies Inc. now owns 988,812 shares of the financial services provider’s stock valued at $26,787,000 after acquiring an additional 102,857 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in NMI by 8.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 899,056 shares of the financial services provider’s stock valued at $24,355,000 after acquiring an additional 71,617 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its holdings in NMI by 88.1% in the fourth quarter. Assenagon Asset Management S.A. now owns 859,955 shares of the financial services provider’s stock valued at $25,523,000 after acquiring an additional 402,793 shares in the last quarter. 94.12% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at NMI

In related news, EVP Robert Owen Smith sold 3,000 shares of the stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $31.19, for a total value of $93,570.00. Following the completion of the transaction, the executive vice president now owns 82,612 shares in the company, valued at approximately $2,576,668.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP Robert Owen Smith sold 3,000 shares of the stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $31.19, for a total value of $93,570.00. Following the completion of the transaction, the executive vice president now owns 82,612 shares in the company, valued at approximately $2,576,668.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Bradley M. Shuster sold 6,559 shares of the stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $29.81, for a total transaction of $195,523.79. Following the completion of the transaction, the chairman now owns 453,298 shares of the company’s stock, valued at approximately $13,512,813.38. The disclosure for this sale can be found here. Over the last quarter, insiders sold 145,158 shares of company stock worth $4,395,582. Insiders own 2.40% of the company’s stock.

NMI Stock Up 1.0 %

Shares of NASDAQ:NMIH opened at $30.79 on Wednesday. The company’s fifty day moving average is $30.25 and its two-hundred day moving average is $29.31. The stock has a market capitalization of $2.48 billion, a price-to-earnings ratio of 8.02, a price-to-earnings-growth ratio of 1.13 and a beta of 1.06. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.73 and a current ratio of 0.73. NMI Holdings, Inc. has a 1-year low of $22.22 and a 1-year high of $32.50.

NMI (NASDAQ:NMIH) last released its quarterly earnings results on Wednesday, February 14th. The financial services provider reported $1.01 EPS for the quarter, topping the consensus estimate of $0.95 by $0.06. The business had revenue of $151.38 million during the quarter, compared to analyst estimates of $131.70 million. NMI had a net margin of 55.63% and a return on equity of 17.97%. The company’s quarterly revenue was up 13.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.86 earnings per share. Equities analysts anticipate that NMI Holdings, Inc. will post 4.05 EPS for the current year.

Analyst Ratings Changes

Several research firms recently issued reports on NMIH. JPMorgan Chase & Co. upped their price target on shares of NMI from $34.00 to $35.00 and gave the company an “overweight” rating in a report on Wednesday, April 3rd. Royal Bank of Canada upped their price target on shares of NMI from $31.00 to $33.00 and gave the company a “sector perform” rating in a report on Thursday, February 15th. Truist Financial upped their price target on shares of NMI from $34.00 to $36.00 and gave the company a “buy” rating in a report on Thursday, February 15th. Keefe, Bruyette & Woods upped their price target on shares of NMI from $33.00 to $36.00 and gave the company a “market perform” rating in a report on Thursday, April 4th. Finally, StockNews.com cut shares of NMI from a “buy” rating to a “hold” rating in a report on Thursday, March 21st. 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 has an average rating of “Moderate Buy” and a consensus price target of $34.44.

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.