Cerity Partners LLC Has $343,000 Holdings in NMI Holdings, Inc. (NASDAQ:NMIH)

Cerity Partners LLC boosted its holdings in shares of NMI Holdings, Inc. (NASDAQ:NMIH) by 5.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,567 shares of the financial services provider’s stock after buying an additional 644 shares during the quarter. Cerity Partners LLC’s holdings in NMI were worth $343,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. DekaBank Deutsche Girozentrale acquired a new position in shares of NMI in the third quarter valued at approximately $204,000. Versor Investments LP acquired a new position in shares of NMI in the third quarter valued at approximately $203,000. Sumitomo Mitsui Trust Holdings Inc. acquired a new position in shares of NMI in the third quarter valued at approximately $211,000. Contravisory Investment Management Inc. acquired a new position in shares of NMI in the fourth quarter valued at approximately $254,000. Finally, AlphaMark Advisors LLC acquired a new position in shares of NMI in the fourth quarter valued at approximately $263,000. Institutional investors and hedge funds own 94.12% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on NMIH shares. JPMorgan Chase & Co. upped their target price on NMI from $34.00 to $35.00 and gave the company an “overweight” rating in a research report on Wednesday, April 3rd. Royal Bank of Canada boosted their price target on NMI from $31.00 to $33.00 and gave the company a “sector perform” rating in a research note on Thursday, February 15th. Keefe, Bruyette & Woods boosted their price target on NMI from $33.00 to $36.00 and gave the company a “market perform” rating in a research note on Thursday, April 4th. Truist Financial boosted their price target on NMI from $34.00 to $36.00 and gave the company a “buy” rating in a research note on Thursday, February 15th. Finally, StockNews.com cut NMI from a “buy” rating to a “hold” rating in a research note on Thursday, March 21st. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $34.44.

Insider Activity

In other news, Chairman Bradley M. Shuster sold 6,559 shares of the stock in a transaction on Friday, February 9th. The stock was sold at an average price of $29.81, for a total value of $195,523.79. Following the completion of the transaction, the chairman now directly owns 453,298 shares in the company, valued at approximately $13,512,813.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Chairman Bradley M. Shuster sold 6,559 shares of the stock in a transaction on Friday, February 9th. The stock was sold at an average price of $29.81, for a total value of $195,523.79. Following the completion of the transaction, the chairman now directly owns 453,298 shares in the company, valued at approximately $13,512,813.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Robert Owen Smith sold 3,000 shares of the stock in a transaction on 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 of the company’s stock, valued at $2,576,668.28. The disclosure for this sale can be found here. In the last ninety days, insiders sold 145,158 shares of company stock worth $4,395,582. Insiders own 2.70% of the company’s stock.

NMI Stock Up 1.0 %

NASDAQ NMIH opened at $31.11 on Friday. The business has a fifty day moving average price of $30.32 and a two-hundred day moving average price of $29.36. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.73 and a quick ratio of 0.73. NMI Holdings, Inc. has a fifty-two week low of $22.28 and a fifty-two week high of $32.50. The stock has a market capitalization of $2.51 billion, a PE ratio of 8.10, a PEG ratio of 1.14 and a beta of 1.06.

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

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.