Hsbc Holdings PLC Acquires 42,040 Shares of NMI Holdings, Inc. (NASDAQ:NMIH)

Hsbc Holdings PLC lifted its holdings in shares of NMI Holdings, Inc. (NASDAQ:NMIH) by 109.8% in the 4th quarter, Holdings Channel reports. The institutional investor owned 80,345 shares of the financial services provider’s stock after acquiring an additional 42,040 shares during the period. Hsbc Holdings PLC’s holdings in NMI were worth $2,949,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of NMIH. Principal Securities Inc. grew its holdings in NMI by 66.5% during the 4th quarter. Principal Securities Inc. now owns 716 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 286 shares during the period. Janney Montgomery Scott LLC increased its holdings in NMI by 2.2% in the fourth quarter. Janney Montgomery Scott LLC now owns 14,883 shares of the financial services provider’s stock valued at $547,000 after purchasing an additional 320 shares during the last quarter. Tealwood Asset Management Inc. increased its stake 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 acquiring an additional 376 shares during the last quarter. Atria Investments Inc raised its holdings in NMI by 5.9% in the fourth quarter. Atria Investments Inc now owns 7,572 shares of the financial services provider’s stock worth $278,000 after purchasing an additional 422 shares during the period. Finally, Summit Investment Advisors Inc. raised its stake in NMI by 5.6% during the 4th quarter. Summit Investment Advisors Inc. now owns 8,208 shares of the financial services provider’s stock worth $302,000 after buying an additional 433 shares during the period. 94.12% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Keefe, Bruyette & Woods cut their price target on shares of NMI from $43.00 to $42.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 8th. Barclays cut NMI from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $48.00 to $41.00 in a research note on Monday, January 6th. 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 research note on Wednesday, February 19th. Finally, JPMorgan Chase & Co. cut their price objective on shares of NMI from $42.00 to $41.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, NMI currently has a consensus rating of “Moderate Buy” and a consensus target price of $42.14.

NMI Stock Performance

NMIH opened at $33.64 on Wednesday. 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 stock has a market cap of $2.63 billion, a price-to-earnings ratio of 7.59, a PEG ratio of 1.41 and a beta of 0.62. NMI Holdings, Inc. has a 12-month low of $30.35 and a 12-month high of $42.49. The business has a 50 day moving average of $34.86 and a 200-day moving average of $36.83.

NMI (NASDAQ:NMIH) last released its quarterly earnings data on Tuesday, April 29th. The financial services provider reported $1.28 EPS for the quarter, beating the consensus estimate of $1.10 by $0.18. The firm had revenue of $173.25 million for the quarter, compared to the consensus estimate of $169.04 million. NMI had a net margin of 55.32% and a return on equity of 17.33%. The company’s quarterly revenue was up 10.8% on a year-over-year basis. During the same period in the previous year, the company earned $1.08 earnings per share. On average, equities research analysts expect that NMI Holdings, Inc. will post 4.62 earnings per share for the current year.

Insider Transactions at NMI

In related news, EVP Mohammad Nawaz Yousaf sold 1,083 shares of the firm’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $35.44, for a total transaction of $38,381.52. Following the transaction, the executive vice president now directly owns 49,218 shares of the company’s stock, valued at approximately $1,744,285.92. This trade represents a 2.15 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Norman Peter Fitzgerald sold 20,000 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $35.88, for a total transaction of $717,600.00. Following the transaction, the executive vice president now owns 37,470 shares in the company, valued at approximately $1,344,423.60. The trade was a 34.80 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.00% 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.