Quantbot Technologies LP Raises Stock Holdings in NMI Holdings, Inc. (NASDAQ:NMIH)

Quantbot Technologies LP boosted its stake in NMI Holdings, Inc. (NASDAQ:NMIH) by 327.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,153 shares of the financial services provider’s stock after purchasing an additional 25,399 shares during the quarter. Quantbot Technologies LP’s holdings in NMI were worth $1,219,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Summit Global Investments raised its position in NMI by 3.6% during the fourth quarter. Summit Global Investments now owns 39,564 shares of the financial services provider’s stock valued at $1,454,000 after purchasing an additional 1,377 shares in the last quarter. Teacher Retirement System of Texas increased its position in shares of NMI by 17.0% during the 4th quarter. Teacher Retirement System of Texas now owns 259,257 shares of the financial services provider’s stock valued at $9,530,000 after purchasing an additional 37,744 shares during the last quarter. Xponance Inc. increased its position in shares of NMI by 10.3% during the 4th quarter. Xponance Inc. now owns 5,636 shares of the financial services provider’s stock valued at $207,000 after purchasing an additional 524 shares during the last quarter. Cibc World Markets Corp purchased a new position in shares of NMI during the 4th quarter valued at about $270,000. Finally, Royce & Associates LP lifted its position in NMI by 1.8% in the 4th quarter. Royce & Associates LP now owns 140,288 shares of the financial services provider’s stock worth $5,157,000 after buying an additional 2,417 shares during the last quarter. 94.12% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other NMI news, EVP Norman Peter Fitzgerald sold 20,000 shares of the company’s stock in a transaction that occurred 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 transaction, the executive vice president now owns 37,470 shares in the company, valued at approximately $1,344,423.60. This represents a 34.80 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 completion of the transaction, the executive vice president now owns 49,218 shares of the company’s stock, valued at approximately $1,744,285.92. The trade was a 2.15 % decrease in their position. The disclosure for this sale can be found here. 2.70% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages have commented on NMIH. Barclays cut shares of NMI from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $48.00 to $41.00 in a research report on Monday, January 6th. JPMorgan Chase & Co. reduced their target price on shares of NMI from $46.00 to $41.00 and set an “overweight” rating on the stock in a report on Monday, December 9th. 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 research report on Wednesday, February 19th. Finally, Keefe, Bruyette & Woods upgraded 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. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $42.29.

NMI Stock Performance

Shares of NASDAQ:NMIH opened at $36.08 on Wednesday. The company has a current ratio of 0.60, a quick ratio of 0.83 and a debt-to-equity ratio of 0.19. The company has a market cap of $2.83 billion, a price-to-earnings ratio of 8.14, a price-to-earnings-growth ratio of 1.41 and a beta of 1.02. NMI Holdings, Inc. has a 12 month low of $29.05 and a 12 month high of $42.49. The company has a 50-day moving average price of $36.47 and a 200-day moving average price of $38.02.

NMI (NASDAQ:NMIH) last released its quarterly earnings data 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 return on equity of 17.33% and a net margin of 55.32%. As a group, equities analysts anticipate that NMI Holdings, Inc. will post 4.62 EPS for the current year.

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.