Janney Montgomery Scott LLC cut its stake in NMI Holdings, Inc. (NASDAQ:NMIH – Free Report) by 8.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,815 shares of the financial services provider’s stock after selling 1,426 shares during the period. Janney Montgomery Scott LLC’s holdings in NMI were worth $383,000 as of its most recent SEC filing.
A number of other hedge funds have also recently bought and sold shares of NMIH. Advisor Group Holdings Inc. increased its position in shares of NMI by 20.2% during the 4th quarter. Advisor Group Holdings Inc. now owns 3,665 shares of the financial services provider’s stock worth $77,000 after purchasing an additional 617 shares in the last quarter. Public Employees Retirement System of Ohio increased its position in shares of NMI by 45.2% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 2,013 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 627 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of NMI by 15.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 5,738 shares of the financial services provider’s stock worth $118,000 after purchasing an additional 774 shares in the last quarter. Lazard Asset Management LLC increased its position in shares of NMI by 18.1% during the 4th quarter. Lazard Asset Management LLC now owns 5,092 shares of the financial services provider’s stock worth $106,000 after purchasing an additional 780 shares in the last quarter. Finally, Centaurus Financial Inc. increased its position in shares of NMI by 9.1% during the 1st quarter. Centaurus Financial Inc. now owns 9,911 shares of the financial services provider’s stock worth $204,000 after purchasing an additional 825 shares in the last quarter. 94.12% of the stock is owned by institutional investors.
Insider Buying and Selling
In related news, Director James G. Jones sold 3,952 shares of NMI stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $29.11, for a total transaction of $115,042.72. Following the transaction, the director now owns 118,528 shares of the company’s stock, valued at approximately $3,450,350.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.70% of the stock is owned by insiders.
Analyst Ratings Changes
NMI Stock Up 1.6 %
Shares of NASDAQ NMIH opened at $27.35 on Wednesday. The firm has a market capitalization of $2.25 billion, a PE ratio of 7.62, a price-to-earnings-growth ratio of 0.67 and a beta of 1.18. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.23. NMI Holdings, Inc. has a 1 year low of $19.02 and a 1 year high of $30.14. The firm’s 50-day moving average is $27.74 and its 200-day moving average is $26.45.
NMI (NASDAQ:NMIH – Get Free Report) last issued its earnings results on Tuesday, August 1st. The financial services provider reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.08. NMI had a net margin of 56.07% and a return on equity of 18.47%. The company had revenue of $142.70 million for the quarter, compared to analyst estimates of $123.95 million. During the same quarter last year, the firm earned $0.86 EPS. The company’s revenue for the quarter was up 7.9% on a year-over-year basis. Equities analysts expect that NMI Holdings, Inc. will post 3.7 EPS for the current year.
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.
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