NMI Holdings, Inc. (NASDAQ:NMIH) Shares Sold by Amalgamated Bank

Amalgamated Bank trimmed its stake in shares of NMI Holdings, Inc. (NASDAQ:NMIH) by 1.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,045 shares of the financial services provider’s stock after selling 407 shares during the quarter. Amalgamated Bank’s holdings in NMI were worth $847,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. State Street Corp raised its holdings in NMI by 1.0% during the third quarter. State Street Corp now owns 3,565,348 shares of the financial services provider’s stock worth $146,857,000 after purchasing an additional 35,351 shares in the last quarter. FMR LLC increased its position in shares of NMI by 7.6% during the 3rd quarter. FMR LLC now owns 1,517,092 shares of the financial services provider’s stock valued at $62,489,000 after purchasing an additional 107,771 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of NMI by 2.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,064,081 shares of the financial services provider’s stock worth $43,829,000 after buying an additional 22,756 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in NMI by 3.3% during the third 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 in the last quarter. Finally, Principal Financial Group Inc. grew its holdings in NMI by 3.6% during the fourth quarter. Principal Financial Group Inc. now owns 452,264 shares of the financial services provider’s stock worth $16,625,000 after acquiring an additional 15,868 shares during the period. 94.12% of the stock is owned by institutional investors and hedge funds.

NMI Price Performance

Shares of NASDAQ:NMIH opened at $36.53 on Tuesday. The company’s fifty day moving average is $36.78 and its two-hundred day moving average is $38.54. The company has a market cap of $2.87 billion, a P/E ratio of 8.25, a price-to-earnings-growth ratio of 1.41 and a beta of 1.12. NMI Holdings, Inc. has a 12-month low of $29.05 and a 12-month high of $42.49. 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) last posted its quarterly earnings results on Wednesday, February 12th. The financial services provider reported $1.07 earnings per share 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%. Equities analysts expect that NMI Holdings, Inc. will post 4.62 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Norman Peter Fitzgerald sold 20,000 shares of the business’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 transaction, the executive vice president now directly owns 37,470 shares in the company, valued at $1,344,423.60. The trade was a 34.80 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Mohammad Nawaz Yousaf sold 1,083 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $35.44, for a total value of $38,381.52. Following the sale, the executive vice president now owns 49,218 shares of the company’s stock, valued at approximately $1,744,285.92. This represents a 2.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.70% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

NMIH has been the subject of a number of research analyst reports. 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 report on Monday, December 9th. UBS Group dropped 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. Keefe, Bruyette & Woods upgraded shares of NMI from a “market perform” rating to an “outperform” rating and set a $43.00 target price for the company in a report on Monday, February 24th. Royal Bank of Canada cut their price objective on NMI from $48.00 to $47.00 and set an “outperform” rating for the company in a research report on Thursday, November 7th. Finally, Barclays lowered NMI from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $48.00 to $41.00 in a research note on Monday, January 6th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $42.29.

NMI Company 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.