WINTON GROUP Ltd Sells 3,998 Shares of NMI Holdings, Inc. (NASDAQ:NMIH)

WINTON GROUP Ltd lowered its holdings in NMI Holdings, Inc. (NASDAQ:NMIH) by 12.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 28,316 shares of the financial services provider’s stock after selling 3,998 shares during the period. WINTON GROUP Ltd’s holdings in NMI were worth $1,041,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Jane Street Group LLC boosted its holdings in shares of NMI by 64.2% in the 3rd quarter. Jane Street Group LLC now owns 139,173 shares of the financial services provider’s stock worth $5,733,000 after buying an additional 54,391 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in NMI by 3.3% in the third quarter. JPMorgan Chase & Co. now owns 775,804 shares of the financial services provider’s stock valued at $31,955,000 after acquiring an additional 24,838 shares during the last quarter. Citigroup Inc. grew its position in shares of NMI by 95.4% during the 3rd quarter. Citigroup Inc. now owns 129,180 shares of the financial services provider’s stock valued at $5,321,000 after acquiring an additional 63,058 shares during the period. BNP Paribas Financial Markets increased its stake in shares of NMI by 53.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 112,224 shares of the financial services provider’s stock worth $4,623,000 after purchasing an additional 39,012 shares during the last quarter. Finally, Assetmark Inc. raised its holdings in shares of NMI by 12.6% in the 4th quarter. Assetmark Inc. now owns 88,010 shares of the financial services provider’s stock worth $3,235,000 after purchasing an additional 9,842 shares during the period. Institutional investors own 94.12% of the company’s stock.

NMI Stock Down 1.5 %

Shares of NASDAQ NMIH opened at $36.00 on Friday. The company has a quick ratio of 0.83, a current ratio of 0.60 and a debt-to-equity ratio of 0.19. The company has a market cap of $2.82 billion, a P/E ratio of 8.13, a P/E/G ratio of 1.41 and a beta of 1.02. NMI Holdings, Inc. has a 52 week low of $29.05 and a 52 week high of $42.49. The business has a 50-day simple moving average of $36.41 and a two-hundred day simple moving average of $37.97.

NMI (NASDAQ:NMIH) last issued its quarterly earnings data on Wednesday, February 12th. The financial services provider reported $1.07 EPS 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%. Research analysts anticipate that NMI Holdings, Inc. will post 4.62 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on NMIH. Barclays lowered NMI from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $48.00 to $41.00 in a report on Monday, January 6th. JPMorgan Chase & Co. decreased their price objective on NMI from $46.00 to $41.00 and set an “overweight” rating for the company in a report on Monday, December 9th. Keefe, Bruyette & Woods raised shares of NMI from a “market perform” rating to an “outperform” rating and set a $43.00 price objective on the stock in a report on Monday, February 24th. Finally, 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. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $42.29.

Insider Activity

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