Intech Investment Management LLC Sells 33,438 Shares of NMI Holdings Inc $NMIH

Intech Investment Management LLC trimmed its stake in shares of NMI Holdings Inc (NASDAQ:NMIH) by 48.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,175 shares of the financial services provider’s stock after selling 33,438 shares during the quarter. Intech Investment Management LLC’s holdings in NMI were worth $1,435,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Allworth Financial LP grew its position in NMI by 196.0% during the 3rd quarter. Allworth Financial LP now owns 660 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 437 shares during the last quarter. Maseco LLP bought a new position in NMI during the 4th quarter worth approximately $31,000. IFP Advisors Inc grew its position in NMI by 189.5% during the 4th quarter. IFP Advisors Inc now owns 796 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 521 shares during the last quarter. Farther Finance Advisors LLC grew its position in NMI by 161.5% during the 4th quarter. Farther Finance Advisors LLC now owns 1,004 shares of the financial services provider’s stock worth $41,000 after acquiring an additional 620 shares during the last quarter. Finally, Global Retirement Partners LLC grew its position in NMI by 212.6% during the 4th quarter. Global Retirement Partners LLC now owns 1,688 shares of the financial services provider’s stock worth $69,000 after acquiring an additional 1,148 shares during the last quarter. 94.12% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on NMIH shares. Barclays reduced their price target on NMI from $44.00 to $43.00 and set an “equal weight” rating on the stock in a research report on Monday, April 6th. Keefe, Bruyette & Woods dropped their price objective on NMI from $50.00 to $46.00 and set an “outperform” rating for the company in a report on Monday, May 4th. Royal Bank Of Canada started coverage on NMI in a report on Friday, May 22nd. They issued an “outperform” rating and a $46.00 price objective for the company. Weiss Ratings cut NMI from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, May 28th. Finally, JPMorgan Chase & Co. dropped their price objective on NMI from $44.00 to $43.00 and set an “overweight” rating for the company in a report on Thursday, April 9th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $44.80.

Insider Buying and Selling

In other news, Director Michael Curry Montgomery sold 1,554 shares of the firm’s stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $37.90, for a total value of $58,896.60. Following the completion of the transaction, the director owned 69,026 shares in the company, valued at $2,616,085.40. This trade represents a 2.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Bradley M. Shuster sold 18,996 shares of the firm’s stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $37.05, for a total value of $703,801.80. Following the completion of the transaction, the chairman owned 415,411 shares of the company’s stock, valued at approximately $15,390,977.55. The trade was a 4.37% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 58,479 shares of company stock valued at $2,164,735. 2.44% of the stock is currently owned by company insiders.

NMI Trading Up 1.3%

NMIH opened at $36.55 on Friday. The stock has a market cap of $2.78 billion, a PE ratio of 7.44, a PEG ratio of 1.25 and a beta of 0.55. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.16. The business has a 50 day moving average of $38.18 and a 200-day moving average of $38.70. NMI Holdings Inc has a 52 week low of $34.84 and a 52 week high of $43.20.

NMI (NASDAQ:NMIH) last released its earnings results on Thursday, April 30th. The financial services provider reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $1.22 by $0.06. The company had revenue of $183.48 million during the quarter, compared to analysts’ expectations of $153.99 million. NMI had a return on equity of 15.18% and a net margin of 53.82%.The firm’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.28 EPS. Equities research analysts predict that NMI Holdings Inc will post 5.12 earnings per share for the current fiscal year.

About NMI

NMI Holdings, Inc (NASDAQ: NMIH) is a publicly traded mortgage insurance company that provides private mortgage insurance to lenders across the United States and Canada. Through its principal subsidiary, National Mortgage Insurance Corporation, NMI underwrites and issues policies that protect originators and investors against losses arising from borrower default on residential mortgage loans. By mitigating credit risk on higher?loan?to?value mortgages, the company supports homebuyers’ access to financing and contributes to overall market liquidity.

Beyond its core mortgage insurance products, NMI offers credit risk?sharing and reinsurance solutions designed to help clients optimize capital utilization and manage portfolio exposure.