Natixis Advisors LLC lowered its position in shares of NMI Holdings, Inc. (NASDAQ:NMIH – Free Report) by 4.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 31,697 shares of the financial services provider’s stock after selling 1,460 shares during the quarter. Natixis Advisors LLC’s holdings in NMI were worth $1,165,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of NMIH. Jane Street Group LLC lifted its position in shares of NMI by 64.2% in the third quarter. Jane Street Group LLC now owns 139,173 shares of the financial services provider’s stock worth $5,733,000 after purchasing an additional 54,391 shares in the last quarter. JPMorgan Chase & Co. increased its stake in NMI by 3.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 775,804 shares of the financial services provider’s stock valued at $31,955,000 after buying an additional 24,838 shares during the last quarter. Citigroup Inc. lifted its position in NMI by 95.4% during the 3rd quarter. Citigroup Inc. now owns 129,180 shares of the financial services provider’s stock worth $5,321,000 after buying an additional 63,058 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in shares of NMI by 53.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 112,224 shares of the financial services provider’s stock worth $4,623,000 after buying an additional 39,012 shares during the last quarter. Finally, Assetmark Inc. grew its holdings in shares of NMI by 12.6% in the 4th quarter. Assetmark Inc. now owns 88,010 shares of the financial services provider’s stock valued at $3,235,000 after acquiring an additional 9,842 shares in the last quarter. Institutional investors and hedge funds own 94.12% of the company’s stock.
NMI Price Performance
Shares of NMI stock opened at $36.08 on Wednesday. The company has a 50-day simple moving average of $36.47 and a two-hundred day simple moving average of $38.02. NMI Holdings, Inc. has a twelve month low of $29.05 and a twelve month high of $42.49. The stock has a market capitalization of $2.83 billion, a price-to-earnings ratio of 8.14, a price-to-earnings-growth ratio of 1.41 and a beta of 1.02. The company has a quick ratio of 0.83, a current ratio of 0.60 and a debt-to-equity ratio of 0.19.
NMI (NASDAQ:NMIH – Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.14 by ($0.07). NMI had a net margin of 55.32% and a return on equity of 17.33%. Analysts forecast that NMI Holdings, Inc. will post 4.62 EPS for the current year.
Insider Buying and Selling at NMI
In other NMI news, EVP Norman Peter Fitzgerald sold 20,000 shares of the company’s stock in a transaction 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 completion of the sale, the executive vice president now directly owns 37,470 shares in the company, valued at $1,344,423.60. This represents a 34.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 value of $38,381.52. Following the completion of the sale, the executive vice president now directly owns 49,218 shares in the company, valued at approximately $1,744,285.92. This represents a 2.15 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.70% of the company’s stock.
Analyst Upgrades and Downgrades
Several analysts recently issued reports on the company. Keefe, Bruyette & Woods upgraded NMI from a “market perform” rating to an “outperform” rating and set a $43.00 target price on the stock in a report on Monday, February 24th. Barclays cut NMI from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $48.00 to $41.00 in a research note on Monday, January 6th. UBS Group lowered their target price on shares of NMI from $42.00 to $41.00 and set a “neutral” rating on the stock in a report on Wednesday, February 19th. Finally, JPMorgan Chase & Co. cut their price target 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. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, NMI has an average rating of “Moderate Buy” and a consensus price target of $42.29.
Read Our Latest Research Report on NMI
NMI Profile
(Free Report)
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.
Featured Stories
Want to see what other hedge funds are holding NMIH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NMI Holdings, Inc. (NASDAQ:NMIH – Free Report).
Receive News & Ratings for NMI Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for NMI and related companies with MarketBeat.com’s FREE daily email newsletter.
