Fannie Mae-No Politics (FNMA)

[Mikey Mike]

The Insider and EVP – Chief Risk Officer of NMI Holdings Inc (NASDAQ:NMIH), Patrick Mathis, Made a Purchase of 20,000 Sharesby Franklin Staff — May 5, 2016

Patrick Mathis Insider Buy

The insider, and Nmi Holdings Inc’s EVP – Chief Risk Officer, Patrick Mathis, picked up 20,000 company shares on May 4, 2016, worth around $125,600 (at $6.3 of a share). It seems he is very active lately as in the last 30 days, he silently acquired additional shares of the company, worth $ USD. The insider’s shares were obtained on May 4, 2016 and the Form 4 that contains the source information, filed with the DC-based SEC can be accessed here. Due to the significance of this trade, it will not stay hidden. He owns 0.16% of the -company’s market cap with a total of 91,077 shares.

Out of 5 analysts covering NMI Holdings (NASDAQ:NMIH), 6 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 86% are positive. $10 is the highest target while $8 is the lowest. The $8.9 average target is 34.49% above today’s ($6.32) stock price. NMI Holdings has been the topic of 6 analyst reports since August 5, 2015 according to StockzIntelligence Inc. Compass Point maintained the stock on February 19 with “Buy” rating. Keefe Bruyette & Woods maintained the shares of NMIH in a report on February 19 with “Outperform” rating. Lastly, JMP Securities upgraded the stock to “Outperform” rating in an August 5 report.

The institutional sentiment decreased to 1.06 in 2015 Q4. Its down 1.23, from 2.29 in 2015Q3. The ratio fall, as 15 funds sold all NMI Holdings Inc shares owned while 32 reduced positions. 16 funds bought stakes while 34 increased positions. They now own 47.32 million shares or 0.08% less from 47.35 million shares in 2015Q3.

Claren Road Asset Management Llc holds 96.21% of its portfolio in NMI Holdings Inc for 3.00 million shares. Hayman Capital Management L.P. owns 7.37 million shares or 62.26% of their US portfolio. Moreover, Glendon Capital Management Lp has 3.04% invested in the company for 848,647 shares. The New York-based V3 Capital Management L.P. has invested 2.11% in the stock. Marathon Asset Management Lp, a New York-based fund reported 1.64 million shares.

The stock decreased 0.47% or $0.03 during the last trading session, hitting $6.32. About 237,059 shares traded hands. NMI Holdings Inc (NASDAQ:NMIH) has declined 16.51% since September 29, 2015 and is downtrending. It has underperformed by 25.38% the S&P500.

NMI Holdings, Inc. provides private mortgage guaranty insurance (MI) through its insurance subsidiaries. The company has a market cap of $377.55 million. The Company’s insurance subsidiary, National Mortgage Insurance Corporation (NMIC), is an MI well-known provider on loans purchased by Fannie Mae and Freddie Mac (collectively the Government-sponsored enterprises(GSEs)). It currently has negative earnings. The Company’s reinsurance subsidiary, National Mortgage Reinsurance Inc One, provides reinsurance to NMIC on certain loans insured by NMIC.

According to Zacks Investment Research, “NMI Holdings, Inc., through its subsidiaries, provides private mortgage insurance in the United States. NMI Holdings, Inc. is based in Emeryville, California.”

http://www.franklinindependent.com/the-insider-and-evp-chief-risk-officer-of-nmi-holdings-inc-nasdaqnmih-patrick-mathis-made-a-purchase-of-20000-shares/