MetLife Investment Management LLC Raises Holdings in NMI Holdings, Inc. (NASDAQ:NMIH)

MetLife Investment Management LLC increased its position in shares of NMI Holdings, Inc. (NASDAQ:NMIH) by 5.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 47,021 shares of the financial services provider’s stock after purchasing an additional 2,464 shares during the period. MetLife Investment Management LLC’s holdings in NMI were worth $1,728,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in NMIH. Capital World Investors increased its position in NMI by 21.1% during the 4th quarter. Capital World Investors now owns 1,150,000 shares of the financial services provider’s stock valued at $42,274,000 after purchasing an additional 200,000 shares during the period. Jump Financial LLC boosted its stake in shares of NMI by 45.1% during the fourth quarter. Jump Financial LLC now owns 71,729 shares of the financial services provider’s stock valued at $2,637,000 after purchasing an additional 22,281 shares in the last quarter. XTX Topco Ltd increased its holdings in NMI by 13.4% during the fourth quarter. XTX Topco Ltd now owns 15,642 shares of the financial services provider’s stock valued at $575,000 after buying an additional 1,844 shares during the period. Barclays PLC raised its stake in NMI by 43.6% in the fourth quarter. Barclays PLC now owns 555,618 shares of the financial services provider’s stock worth $20,424,000 after buying an additional 168,619 shares in the last quarter. Finally, Summit Investment Advisors Inc. lifted its holdings in NMI by 5.6% during the fourth 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 currently owned by institutional investors.

NMI Price Performance

Shares of NMIH opened at $33.64 on Wednesday. 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 company’s fifty day moving average price is $34.86 and its 200-day moving average price is $36.83. NMI Holdings, Inc. has a 1-year low of $30.35 and a 1-year high of $42.49. The firm has a market capitalization of $2.63 billion, a PE ratio of 7.59, a price-to-earnings-growth ratio of 1.41 and a beta of 0.62.

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

Analyst Ratings Changes

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

Insider Buying and Selling

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

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.