Hussman Strategic Advisors Inc. Invests $386,000 in NMI Holdings, Inc. (NASDAQ:NMIH)

Hussman Strategic Advisors Inc. bought a new position in NMI Holdings, Inc. (NASDAQ:NMIH) in the 4th quarter, Holdings Channel.com reports. The fund bought 10,500 shares of the financial services provider’s stock, valued at approximately $386,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Principal Securities Inc. increased its position in shares of NMI by 66.5% in the 4th quarter. Principal Securities Inc. now owns 716 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 286 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of NMI by 2.2% in the 4th quarter. Janney Montgomery Scott LLC now owns 14,883 shares of the financial services provider’s stock valued at $547,000 after buying an additional 320 shares during the period. Tealwood Asset Management Inc. boosted its holdings in shares of NMI by 1.2% in the 4th quarter. Tealwood Asset Management Inc. now owns 32,192 shares of the financial services provider’s stock valued at $1,183,000 after buying an additional 376 shares during the period. Point72 Asia Singapore Pte. Ltd. boosted its holdings in shares of NMI by 21.3% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,810 shares of the financial services provider’s stock valued at $198,000 after buying an additional 846 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of NMI by 4.5% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,540 shares of the financial services provider’s stock valued at $805,000 after buying an additional 848 shares during the period. Institutional investors own 94.12% of the company’s stock.

Analyst Ratings Changes

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

NMI Trading Up 0.0 %

NMI stock opened at $35.19 on Friday. The company has a quick ratio of 0.83, a current ratio of 0.60 and a debt-to-equity ratio of 0.19. The firm has a 50-day moving average price of $36.96 and a two-hundred day moving average price of $38.58. The firm has a market capitalization of $2.76 billion, a price-to-earnings ratio of 7.94, a PEG ratio of 1.42 and a beta of 1.12. NMI Holdings, Inc. has a 52-week low of $28.82 and a 52-week high of $42.49.

NMI (NASDAQ:NMIH) last posted its earnings results on Wednesday, February 12th. The financial services provider reported $1.07 earnings per share (EPS) 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%. Sell-side analysts expect that NMI Holdings, Inc. will post 4.62 earnings per share for the current 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.