NMI Holdings, Inc. (NASDAQ:NMIH) Shares Sold by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. trimmed its holdings in NMI Holdings, Inc. (NASDAQ:NMIH) by 45.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 58,004 shares of the financial services provider’s stock after selling 47,592 shares during the period. D. E. Shaw & Co. Inc. owned about 0.07% of NMI worth $2,132,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Principal Securities Inc. raised its position in shares of NMI by 66.5% in the 4th quarter. Principal Securities Inc. now owns 716 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 286 shares in the last quarter. Smartleaf Asset Management LLC raised its position in shares of NMI by 288.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,868 shares of the financial services provider’s stock valued at $69,000 after purchasing an additional 1,387 shares in the last quarter. Covestor Ltd raised its position in shares of NMI by 601.1% in the 4th quarter. Covestor Ltd now owns 1,893 shares of the financial services provider’s stock valued at $70,000 after purchasing an additional 1,623 shares in the last quarter. Sterling Capital Management LLC raised its position in shares of NMI by 786.1% in the 4th quarter. Sterling Capital Management LLC now owns 2,295 shares of the financial services provider’s stock valued at $84,000 after purchasing an additional 2,036 shares in the last quarter. Finally, KBC Group NV raised its position in shares of NMI by 38.3% in the 4th quarter. KBC Group NV now owns 3,221 shares of the financial services provider’s stock valued at $118,000 after purchasing an additional 892 shares in the last quarter. 94.12% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at NMI

In related news, Director Michael Curry Montgomery sold 1,875 shares of the firm’s stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $38.05, for a total transaction 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 trade represents a 2.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Adam Pollitzer sold 57,166 shares of the firm’s stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $36.54, for a total value of $2,088,845.64. Following the transaction, the chief executive officer now directly owns 329,465 shares of the company’s stock, valued at $12,038,651.10. This represents a 14.79% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 113,235 shares of company stock valued at $4,113,998. 3.00% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on NMIH. JPMorgan Chase & Co. cut their target price on NMI from $42.00 to $41.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. StockNews.com raised NMI from a “hold” rating to a “buy” rating in a research report on Monday, May 5th. Keefe, Bruyette & Woods dropped their price target on NMI from $43.00 to $42.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 8th. Finally, UBS Group dropped their price target on NMI from $42.00 to $41.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 19th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $43.17.

NMI Price Performance

Shares of NMIH opened at $38.63 on Wednesday. The company has a market cap of $3.02 billion, a P/E ratio of 8.72, a PEG ratio of 1.41 and a beta of 0.56. The stock has a fifty day moving average price of $35.56 and a 200 day moving average price of $36.64. 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 12 month low of $31.59 and a 12 month high of $42.49.

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

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.