Clearbridge Investments LLC Has $31.59 Million Position in NMI Holdings Inc $NMIH

Clearbridge Investments LLC lessened its stake in shares of NMI Holdings Inc (NASDAQ:NMIH) by 3.7% during the fourth quarter, Holdings Channel reports. The fund owned 774,359 shares of the financial services provider’s stock after selling 29,582 shares during the quarter. Clearbridge Investments LLC’s holdings in NMI were worth $31,586,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of NMIH. Bank of America Corp DE lifted its position in shares of NMI by 95.3% during the 3rd quarter. Bank of America Corp DE now owns 1,014,557 shares of the financial services provider’s stock valued at $38,898,000 after acquiring an additional 495,144 shares during the period. BNP Paribas Financial Markets lifted its position in shares of NMI by 184.3% during the 2nd quarter. BNP Paribas Financial Markets now owns 427,397 shares of the financial services provider’s stock valued at $18,032,000 after acquiring an additional 277,065 shares during the period. Ameriprise Financial Inc. lifted its position in shares of NMI by 85.7% during the 3rd quarter. Ameriprise Financial Inc. now owns 600,139 shares of the financial services provider’s stock valued at $23,009,000 after acquiring an additional 276,897 shares during the period. Jane Street Group LLC lifted its position in shares of NMI by 1,312.9% during the 1st quarter. Jane Street Group LLC now owns 224,152 shares of the financial services provider’s stock valued at $8,081,000 after acquiring an additional 208,287 shares during the period. Finally, Cubist Systematic Strategies LLC lifted its position in shares of NMI by 62.6% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 424,127 shares of the financial services provider’s stock valued at $17,894,000 after acquiring an additional 163,364 shares during the period. Institutional investors and hedge funds own 94.12% of the company’s stock.

Insider Buying and Selling at NMI

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

NMI Stock Performance

NMIH opened at $36.65 on Wednesday. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.16. The company’s fifty day moving average price is $38.14 and its two-hundred day moving average price is $38.71. NMI Holdings Inc has a 1-year low of $34.84 and a 1-year high of $43.20. The company has a market cap of $2.78 billion, a price-to-earnings ratio of 7.46, a PEG ratio of 1.25 and a beta of 0.55.

NMI (NASDAQ:NMIH) last released its quarterly earnings data on Thursday, April 30th. The financial services provider reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.22 by $0.06. NMI had a net margin of 53.82% and a return on equity of 15.18%. The firm had revenue of $183.48 million for the quarter, compared to the consensus estimate of $153.99 million. During the same quarter in the prior year, the company posted $1.28 earnings per share. The business’s revenue was up 5.9% on a year-over-year basis. On average, analysts expect that NMI Holdings Inc will post 5.12 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently issued reports on NMIH shares. Keefe, Bruyette & Woods dropped their target price on shares of NMI from $50.00 to $46.00 and set an “outperform” rating on the stock in a research report on Monday, May 4th. JPMorgan Chase & Co. dropped their target price on shares of NMI from $44.00 to $43.00 and set an “overweight” rating on the stock in a research report on Thursday, April 9th. Weiss Ratings downgraded shares of NMI from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, May 28th. Royal Bank Of Canada initiated coverage on shares of NMI in a report on Friday, May 22nd. They set an “outperform” rating and a $46.00 price objective on the stock. Finally, UBS Group set a $46.00 price objective on shares of NMI in a report on Friday, May 22nd. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, NMI has a consensus rating of “Moderate Buy” and an average price target of $44.80.

NMI Profile

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.