NMI Holdings, Inc. (NASDAQ:NMIH) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC trimmed its holdings in NMI Holdings, Inc. (NASDAQ:NMIH) by 87.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,975 shares of the financial services provider’s stock after selling 33,475 shares during the period. SG Americas Securities LLC’s holdings in NMI were worth $148,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Advisor Resource Council acquired a new position in shares of NMI in the 4th quarter valued at about $765,000. Contravisory Investment Management Inc. purchased a new stake in shares of NMI during the 4th quarter valued at about $254,000. Muhlenkamp & Co. Inc. raised its holdings in shares of NMI by 0.8% during the 4th quarter. Muhlenkamp & Co. Inc. now owns 459,533 shares of the financial services provider’s stock valued at $13,639,000 after buying an additional 3,648 shares during the period. Diversified Trust Co raised its holdings in shares of NMI by 6.7% during the 4th quarter. Diversified Trust Co now owns 24,530 shares of the financial services provider’s stock valued at $728,000 after buying an additional 1,551 shares during the period. Finally, Vanguard Group Inc. raised its holdings in shares of NMI by 2.5% during the 3rd quarter. Vanguard Group Inc. now owns 6,583,844 shares of the financial services provider’s stock valued at $178,356,000 after buying an additional 162,614 shares during the period. 94.12% of the stock is owned by institutional investors and hedge funds.

NMI Price Performance

NMIH opened at $29.64 on Wednesday. The stock’s fifty day moving average is $30.27 and its 200-day moving average is $29.18. The company has a market capitalization of $2.39 billion, a PE ratio of 7.72, a P/E/G ratio of 1.11 and a beta of 1.06. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.73 and a current ratio of 0.73. NMI Holdings, Inc. has a one year low of $22.22 and a one year high of $32.50.

NMI (NASDAQ:NMIH) last announced its earnings results on Wednesday, February 14th. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.95 by $0.06. The company had revenue of $151.38 million for the quarter, compared to analyst estimates of $131.70 million. NMI had a return on equity of 17.97% and a net margin of 55.63%. NMI’s revenue for the quarter was up 13.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.86 earnings per share. On average, equities analysts predict that NMI Holdings, Inc. will post 4.05 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on NMIH. JPMorgan Chase & Co. raised their target price on NMI from $34.00 to $35.00 and gave the company an “overweight” rating in a report on Wednesday, April 3rd. Keefe, Bruyette & Woods lifted their price objective on NMI from $33.00 to $36.00 and gave the stock a “market perform” rating in a report on Thursday, April 4th. Truist Financial lifted their price objective on NMI from $34.00 to $36.00 and gave the stock a “buy” rating in a report on Thursday, February 15th. Royal Bank of Canada lifted their price objective on NMI from $31.00 to $33.00 and gave the stock a “sector perform” rating in a report on Thursday, February 15th. Finally, StockNews.com downgraded NMI from a “buy” rating to a “hold” rating in a report on Thursday, March 21st. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $34.44.

Insider Activity at NMI

In other NMI news, EVP Robert Owen Smith sold 3,000 shares of the company’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $31.19, for a total value of $93,570.00. Following the transaction, the executive vice president now directly owns 82,612 shares of the company’s stock, valued at approximately $2,576,668.28. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, Chairman Bradley M. Shuster sold 12,836 shares of NMI stock in a transaction on Monday, February 12th. The stock was sold at an average price of $30.53, for a total value of $391,883.08. Following the completion of the sale, the chairman now directly owns 427,271 shares of the company’s stock, valued at approximately $13,044,583.63. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Robert Owen Smith sold 3,000 shares of NMI stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $31.19, for a total value of $93,570.00. Following the completion of the sale, the executive vice president now directly owns 82,612 shares of the company’s stock, valued at $2,576,668.28. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 145,158 shares of company stock valued at $4,395,582. Company insiders own 2.40% of the company’s stock.

NMI 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.