NMI Holdings Inc $NMIH Shares Sold by Leeward Investments LLC MA

Leeward Investments LLC MA lessened its position in shares of NMI Holdings Inc (NASDAQ:NMIH) by 5.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 229,947 shares of the financial services provider’s stock after selling 13,327 shares during the quarter. Leeward Investments LLC MA owned about 0.31% of NMI worth $8,582,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Nykredit A S purchased a new position in NMI in the second quarter worth approximately $31,000. Public Employees Retirement System of Ohio acquired a new stake in NMI during the second quarter worth $36,000. Pacer Advisors Inc. raised its position in NMI by 58.7% in the first quarter. Pacer Advisors Inc. now owns 1,006 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 372 shares during the period. Bessemer Group Inc. raised its position in NMI by 34.0% in the first quarter. Bessemer Group Inc. now owns 1,071 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 272 shares during the period. Finally, Rockefeller Capital Management L.P. raised its position in NMI by 35.0% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,160 shares of the financial services provider’s stock valued at $47,000 after purchasing an additional 301 shares during the period. 94.12% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Robert Smith sold 12,000 shares of the firm’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $44.65, for a total transaction of $535,800.00. Following the completion of the transaction, the executive vice president directly owned 96,381 shares in the company, valued at $4,303,411.65. This trade represents a 11.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Aurora Swithenbank sold 11,662 shares of the firm’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $44.51, for a total value of $519,075.62. Following the transaction, the executive vice president owned 50,734 shares of the company’s stock, valued at approximately $2,258,170.34. This represents a 18.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 196,368 shares of company stock worth $8,800,740 over the last ninety days. Corporate insiders own 2.44% of the company’s stock.

NMI Stock Performance

NASDAQ:NMIH opened at $42.55 on Monday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.65 and a current ratio of 0.65. The stock has a market capitalization of $3.20 billion, a P/E ratio of 8.38, a PEG ratio of 1.39 and a beta of 0.56. The company has a 50 day moving average price of $42.53 and a 200 day moving average price of $40.85. NMI Holdings Inc has a fifty-two week low of $34.84 and a fifty-two week high of $46.74.

NMI (NASDAQ:NMIH) last posted its earnings results on Thursday, July 30th. The financial services provider reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.10. The firm had revenue of $187.89 million during the quarter, compared to the consensus estimate of $156.26 million. NMI had a net margin of 54.10% and a return on equity of 15.13%. The firm’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.22 EPS. Equities research analysts forecast that NMI Holdings Inc will post 5.26 EPS for the current year.

Analyst Ratings Changes

Several brokerages have recently commented on NMIH. JPMorgan Chase & Co. decreased their price target on NMI from $50.00 to $45.00 and set an “overweight” rating on the stock in a research note on Monday, October 12th. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $47.00 price objective on shares of NMI in a research report on Monday, August 3rd. BTIG Research began coverage on NMI in a research report on Tuesday, September 22nd. They set a “buy” rating and a $54.00 price objective for the company. Royal Bank Of Canada restated an “outperform” rating and issued a $53.00 price objective on shares of NMI in a report on Tuesday, August 4th. Finally, Weiss Ratings raised shares of NMI from a “buy (b)” rating to a “buy (b+)” rating in a research report on Monday, October 19th. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $48.43.

NMI Company Profile

NMI Holdings, Inc (NASDAQ: NMIH) is the parent company of National MI, a U.S.-based provider of private mortgage insurance. Through its insurance subsidiaries, the company helps lenders manage the risk associated with residential mortgage loans, particularly loans made to borrowers with down payments below traditional thresholds.

National MI primarily offers private mortgage insurance for residential purchase and refinance transactions. Its products are designed for mortgage lenders, banks, credit unions and other housing-finance institutions, helping them expand access to homeownership while transferring a portion of potential credit risk.