NMI Holdings, Inc. (NASDAQ:NMIH) Shares Sold by Ameriprise Financial Inc.

Ameriprise Financial Inc. decreased its position in shares of NMI Holdings, Inc. (NASDAQ:NMIH) by 8.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 335,565 shares of the financial services provider’s stock after selling 31,482 shares during the quarter. Ameriprise Financial Inc. owned about 0.42% of NMI worth $12,335,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in NMIH. Assetmark Inc. boosted its stake in NMI by 12.6% during the 4th quarter. Assetmark Inc. now owns 88,010 shares of the financial services provider’s stock valued at $3,235,000 after purchasing an additional 9,842 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of NMI by 1.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,075,428 shares of the financial services provider’s stock valued at $39,533,000 after buying an additional 11,347 shares during the period. Barclays PLC lifted its holdings in shares of NMI by 264.4% in the third quarter. Barclays PLC now owns 386,999 shares of the financial services provider’s stock valued at $15,940,000 after buying an additional 280,809 shares during the period. abrdn plc bought a new position in NMI during the fourth quarter valued at about $8,122,000. Finally, KBC Group NV grew its holdings in NMI by 38.3% during the fourth quarter. KBC Group NV now owns 3,221 shares of the financial services provider’s stock worth $118,000 after acquiring an additional 892 shares during the period. Institutional investors own 94.12% of the company’s stock.

Wall Street Analysts Forecast Growth

NMIH has been the subject of a number of research analyst reports. UBS Group cut their price target on shares of NMI from $42.00 to $41.00 and set a “neutral” rating for the company in a report on Wednesday, February 19th. JPMorgan Chase & Co. dropped their target price on shares of NMI from $42.00 to $41.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. StockNews.com raised shares of NMI from a “hold” rating to a “buy” rating in a research note on Monday, May 5th. Finally, Keefe, Bruyette & Woods decreased their price target on shares of NMI from $43.00 to $42.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 8th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $43.17.

NMI Stock Performance

Shares of NMIH opened at $38.41 on Monday. The company has a 50-day moving average of $35.40 and a two-hundred day moving average of $36.62. The stock has a market cap of $3.00 billion, a price-to-earnings ratio of 8.67, a PEG ratio of 1.41 and a beta of 0.56. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.60 and a quick ratio of 0.83. NMI Holdings, Inc. has a one year low of $31.59 and a one year high of $42.49.

NMI (NASDAQ:NMIH) last issued its quarterly earnings data on Tuesday, April 29th. The financial services provider reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.18. NMI had a net margin of 55.32% and a return on equity of 17.33%. The firm had revenue of $173.25 million during the quarter, compared to analysts’ expectations of $169.04 million. During the same period in the prior year, the company posted $1.08 earnings per share. NMI’s revenue for the quarter was up 10.8% on a year-over-year basis. On average, equities research analysts expect that NMI Holdings, Inc. will post 4.62 earnings per share for the current year.

Insider Activity at NMI

In other news, EVP Mohammad Nawaz Yousaf sold 1,083 shares of the business’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $35.44, for a total transaction of $38,381.52. Following the completion of the transaction, the executive vice president now directly owns 49,218 shares in the company, valued at approximately $1,744,285.92. The trade was a 2.15% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael Curry Montgomery sold 1,875 shares of the business’s stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $38.05, for a total value of $71,343.75. Following the completion of the transaction, the director now owns 66,068 shares of the company’s stock, valued at $2,513,887.40. This represents a 2.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 113,235 shares of company stock worth $4,113,998 in the last ninety days. 3.00% of the stock is currently owned by insiders.

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.