NMI Holdings, Inc. (NASDAQ:NMIH) Shares Sold by NFC Investments LLC

NFC Investments LLC cut its stake in NMI Holdings, Inc. (NASDAQ:NMIH) by 2.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 24,210 shares of the financial services provider’s stock after selling 600 shares during the quarter. NMI makes up approximately 0.2% of NFC Investments LLC’s investment portfolio, making the stock its 28th largest position. NFC Investments LLC’s holdings in NMI were worth $890,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of NMIH. Principal Securities Inc. lifted its holdings in NMI by 66.5% in the fourth quarter. Principal Securities Inc. now owns 716 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 286 shares during the period. Smartleaf Asset Management LLC increased its position in shares of NMI by 288.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,868 shares of the financial services provider’s stock valued at $69,000 after buying an additional 1,387 shares in the last quarter. KBC Group NV increased its position in shares of NMI by 38.3% in the fourth quarter. KBC Group NV now owns 3,221 shares of the financial services provider’s stock valued at $118,000 after buying an additional 892 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. increased its position in shares of NMI by 21.3% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,810 shares of the financial services provider’s stock valued at $198,000 after buying an additional 846 shares in the last quarter. Finally, R Squared Ltd purchased a new stake in shares of NMI in the fourth quarter valued at approximately $203,000. 94.12% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at NMI

In other NMI news, EVP Mohammad Nawaz Yousaf sold 1,083 shares of the company’s 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 completion of the sale, the executive vice president now directly owns 49,218 shares in the company, valued at $1,744,285.92. This represents a 2.15 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 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 value of $717,600.00. Following the completion of the sale, the executive vice president now owns 37,470 shares of the company’s stock, 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. 2.70% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms have recently commented on NMIH. UBS Group cut their price objective on NMI from $42.00 to $41.00 and set a “neutral” rating for the company in a research report on Wednesday, February 19th. Barclays cut NMI from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $48.00 to $41.00 in a research report on Monday, January 6th. JPMorgan Chase & Co. cut their price objective on NMI from $46.00 to $41.00 and set an “overweight” rating for the company in a research report on Monday, December 9th. Finally, Keefe, Bruyette & Woods upgraded NMI from a “market perform” rating to an “outperform” rating and set a $43.00 price objective for the company in a research report on Monday, February 24th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $42.29.

NMI Stock Up 2.1 %

Shares of NMIH opened at $35.40 on Monday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.83 and a current ratio of 0.60. NMI Holdings, Inc. has a one year low of $29.05 and a one year high of $42.49. The stock has a market capitalization of $2.78 billion, a price-to-earnings ratio of 7.99, a PEG ratio of 1.41 and a beta of 1.02. The stock has a 50 day moving average price of $36.46 and a 200 day moving average price of $38.29.

NMI (NASDAQ:NMIH) last issued its 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%. Equities research analysts forecast that NMI Holdings, Inc. will post 4.62 earnings per share for the current fiscal year.

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.