Los Angeles Capital Management LLC Lowers Stock Position in NMI Holdings, Inc. (NASDAQ:NMIH)

Los Angeles Capital Management LLC trimmed its holdings in shares of NMI Holdings, Inc. (NASDAQ:NMIH) by 43.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 35,880 shares of the financial services provider’s stock after selling 27,056 shares during the period. Los Angeles Capital Management LLC’s holdings in NMI were worth $1,319,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the business. Principal Securities Inc. grew its position in NMI by 66.5% during the fourth quarter. Principal Securities Inc. now owns 716 shares of the financial services provider’s stock worth $26,000 after buying an additional 286 shares during the period. KBC Group NV grew its holdings 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 worth $118,000 after acquiring an additional 892 shares during the period. Farther Finance Advisors LLC increased its stake in NMI by 989.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 3,248 shares of the financial services provider’s stock valued at $134,000 after purchasing an additional 2,950 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. boosted its position in NMI by 21.3% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,810 shares of the financial services provider’s stock worth $198,000 after purchasing an additional 846 shares in the last quarter. Finally, Capstone Investment Advisors LLC acquired a new stake in NMI in the third quarter valued at $222,000. 94.12% of the stock is owned by institutional investors and hedge funds.

NMI Stock Performance

NASDAQ:NMIH opened at $36.44 on Friday. NMI Holdings, Inc. has a 1-year low of $29.05 and a 1-year high of $42.49. The firm has a 50 day simple moving average of $36.78 and a 200-day simple moving average of $38.54. The firm has a market cap of $2.86 billion, a PE ratio of 8.23, a P/E/G ratio of 1.41 and a beta of 1.12. 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 (NASDAQ:NMIH) last issued its quarterly earnings results on Wednesday, February 12th. The financial services provider reported $1.07 earnings per share for the quarter, missing the consensus estimate of $1.14 by ($0.07). NMI had a net margin of 55.32% and a return on equity of 17.33%. On average, equities analysts expect that NMI Holdings, Inc. will post 4.62 EPS for the current year.

Insider Transactions at NMI

In other NMI news, EVP Mohammad Nawaz Yousaf sold 1,083 shares of the stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $35.44, for a total transaction of $38,381.52. Following the transaction, the executive vice president now owns 49,218 shares of the company’s stock, valued at $1,744,285.92. This trade represents a 2.15 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Norman Peter Fitzgerald sold 20,000 shares of NMI stock in a transaction on Monday, February 24th. The stock was sold at an average price of $35.88, for a total transaction of $717,600.00. Following the completion of the transaction, the executive vice president now directly owns 37,470 shares of the company’s stock, valued at approximately $1,344,423.60. This represents a 34.80 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.70% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on NMIH shares. Keefe, Bruyette & Woods raised NMI from a “market perform” rating to an “outperform” rating and set a $43.00 price target for the company in a research note on Monday, February 24th. UBS Group cut their target price on shares of NMI from $42.00 to $41.00 and set a “neutral” rating for the company in a research report on Wednesday, February 19th. Royal Bank of Canada lowered their price target on shares of NMI from $48.00 to $47.00 and set an “outperform” rating on the stock in a research report on Thursday, November 7th. JPMorgan Chase & Co. dropped their price objective on shares of NMI from $46.00 to $41.00 and set an “overweight” rating for the company in a research note on Monday, December 9th. Finally, Barclays lowered NMI from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $48.00 to $41.00 in a research note on Monday, January 6th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $42.29.

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.