NMI Holdings Inc $NMIH Shares Sold by Aviva PLC

Aviva PLC trimmed its holdings in shares of NMI Holdings Inc (NASDAQ:NMIH) by 30.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,954 shares of the financial services provider’s stock after selling 5,326 shares during the period. Aviva PLC’s holdings in NMI were worth $504,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Maseco LLP bought a new position in NMI in the 2nd quarter valued at about $32,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in shares of NMI in the 2nd quarter worth approximately $36,000. Neo Ivy Capital Management bought a new position in shares of NMI in the first quarter valued at approximately $47,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of NMI during the first quarter valued at approximately $48,000. Finally, Quarry LP increased its stake in shares of NMI by 89.3% during the first quarter. Quarry LP now owns 1,482 shares of the financial services provider’s stock valued at $53,000 after acquiring an additional 699 shares during the period. 94.12% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Barclays reaffirmed a “cautious” rating on shares of NMI in a research note on Monday, October 6th. JPMorgan Chase & Co. decreased their target price on NMI from $43.00 to $42.00 and set an “overweight” rating for the company in a research note on Wednesday, November 5th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of NMI in a research report on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $41.20.

NMI Price Performance

NASDAQ NMIH opened at $37.22 on Friday. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.17. NMI Holdings Inc has a 1 year low of $31.90 and a 1 year high of $43.20. The company has a market cap of $2.86 billion, a PE ratio of 7.79, a PEG ratio of 1.16 and a beta of 0.63. The stock’s 50-day moving average price is $37.50 and its two-hundred day moving average price is $38.53.

NMI (NASDAQ:NMIH) last announced its earnings results on Tuesday, November 4th. The financial services provider reported $1.21 EPS for the quarter, hitting the consensus estimate of $1.21. NMI had a net margin of 55.02% and a return on equity of 16.08%. The company had revenue of $171.56 million during the quarter, compared to analysts’ expectations of $177.01 million. During the same period last year, the company posted $1.15 earnings per share. The business’s revenue for the quarter was up 7.6% on a year-over-year basis. On average, analysts predict that NMI Holdings Inc will post 4.62 EPS for the current year.

Insider Buying and Selling

In other NMI news, Director Steven Scheid sold 19,926 shares of NMI stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $39.31, for a total transaction of $783,291.06. Following the transaction, the director directly owned 78,960 shares in the company, valued at approximately $3,103,917.60. The trade was a 20.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 3.00% of the company’s stock.

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.