Hussman Strategic Advisors Inc. Buys New Stake in NMI Holdings, Inc. (NASDAQ:NMIH)

Hussman Strategic Advisors Inc. bought a new stake in NMI Holdings, Inc. (NASDAQ:NMIH) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 10,500 shares of the financial services provider’s stock, valued at approximately $386,000.

Other large investors have also recently bought and sold shares of the company. Principal Securities Inc. increased its holdings in NMI by 66.5% in the fourth quarter. Principal Securities Inc. now owns 716 shares of the financial services provider’s stock valued at $26,000 after buying an additional 286 shares during the last quarter. KBC Group NV increased its holdings in NMI by 38.3% in the fourth quarter. KBC Group NV now owns 3,221 shares of the financial services provider’s stock valued at $118,000 after buying an additional 892 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in NMI by 989.9% in the third quarter. Farther Finance Advisors LLC now owns 3,248 shares of the financial services provider’s stock valued at $134,000 after buying an additional 2,950 shares during the last quarter. CWM LLC increased its holdings in NMI by 32.3% in the third quarter. CWM LLC now owns 3,936 shares of the financial services provider’s stock valued at $162,000 after buying an additional 962 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. boosted its stake in NMI by 21.3% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,810 shares of the financial services provider’s stock valued at $198,000 after acquiring an additional 846 shares in the last quarter. Hedge funds and other institutional investors own 94.12% of the company’s stock.

Analyst Ratings Changes

NMIH has been the subject of several research analyst reports. Barclays downgraded shares of NMI from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $48.00 to $41.00 in a research note on Monday, January 6th. JPMorgan Chase & Co. decreased their price objective on shares of NMI from $46.00 to $41.00 and set an “overweight” rating for the company in a research note on Monday, December 9th. UBS Group decreased their target price on shares of NMI from $42.00 to $41.00 and set a “neutral” rating for the company in a research note on Wednesday. Royal Bank of Canada decreased their target price on shares of NMI from $48.00 to $47.00 and set an “outperform” rating for the company in a research note on Thursday, November 7th. Finally, Keefe, Bruyette & Woods decreased their target price on shares of NMI from $44.00 to $43.00 and set a “market perform” rating for the company in a research note on Wednesday, January 8th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, NMI currently has a consensus rating of “Moderate Buy” and an average target price of $42.29.

NMI Trading Up 0.0 %

Shares of NMIH opened at $35.19 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.60 and a quick ratio of 0.83. The firm has a 50 day simple moving average of $36.96 and a 200-day simple moving average of $38.58. NMI Holdings, Inc. has a 1-year low of $28.82 and a 1-year high of $42.49. The stock has a market cap of $2.76 billion, a price-to-earnings ratio of 7.94, a price-to-earnings-growth ratio of 1.42 and a beta of 1.12.

NMI (NASDAQ:NMIH) last announced its quarterly earnings results on Wednesday, February 12th. The financial services provider reported $1.07 earnings per share for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.07). NMI had a net margin of 55.32% and a return on equity of 17.33%. Equities analysts forecast that NMI Holdings, Inc. will post 4.62 EPS 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.