Quantbot Technologies LP Has $1.51 Million Stock Holdings in NMI Holdings Inc $NMIH

Quantbot Technologies LP decreased its position in NMI Holdings Inc (NASDAQ:NMIH) by 32.3% during the third quarter, HoldingsChannel reports. The firm owned 39,478 shares of the financial services provider’s stock after selling 18,825 shares during the quarter. Quantbot Technologies LP’s holdings in NMI were worth $1,514,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of NMIH. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in NMI during the second quarter valued at about $36,000. Harbor Capital Advisors Inc. lifted its position in NMI by 51.5% in the third quarter. Harbor Capital Advisors Inc. now owns 856 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 291 shares during the period. Elevation Point Wealth Partners LLC acquired a new stake in shares of NMI during the 2nd quarter valued at about $49,000. Financial Consulate Inc. acquired a new stake in NMI during the third quarter valued at approximately $55,000. Finally, Nisa Investment Advisors LLC boosted its stake in NMI by 22.5% in the 3rd quarter. Nisa Investment Advisors LLC now owns 1,572 shares of the financial services provider’s stock valued at $60,000 after buying an additional 289 shares in the last quarter. 94.12% of the stock is owned by institutional investors.

Insider Activity at NMI

In related news, EVP Mohammad Nawaz Yousaf sold 16,000 shares of the company’s stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $39.89, for a total value of $638,240.00. Following the completion of the sale, the executive vice president owned 38,733 shares in the company, valued at $1,545,059.37. This represents a 29.23% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Bradley M. Shuster sold 19,557 shares of NMI stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $39.85, for a total value of $779,346.45. Following the transaction, the chairman owned 415,411 shares in the company, valued at approximately $16,554,128.35. This represents a 4.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 113,057 shares of company stock worth $4,495,886 in the last quarter. Corporate insiders own 3.00% of the company’s stock.

NMI Stock Performance

Shares of NASDAQ:NMIH opened at $38.70 on Friday. The company has a market capitalization of $2.94 billion, a price-to-earnings ratio of 7.88, a P/E/G ratio of 1.08 and a beta of 0.63. The firm’s 50 day simple moving average is $39.45 and its 200 day simple moving average is $38.65. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.57 and a quick ratio of 0.57. NMI Holdings Inc has a fifty-two week low of $31.90 and a fifty-two week high of $43.20.

NMI (NASDAQ:NMIH) last issued its quarterly earnings data on Tuesday, February 10th. The financial services provider reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.17 by $0.03. The firm had revenue of $180.74 million during the quarter, compared to analysts’ expectations of $180.69 million. NMI had a net margin of 55.05% and a return on equity of 15.78%. During the same quarter in the previous year, the company earned $1.07 earnings per share. As a group, sell-side analysts forecast that NMI Holdings Inc will post 4.62 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Keefe, Bruyette & Woods upgraded shares of NMI from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $46.00 to $48.00 in a research report on Thursday, December 18th. Barclays boosted their target price on NMI from $43.00 to $44.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 6th. UBS Group set a $43.00 price target on NMI in a report on Monday, January 12th. Weiss Ratings reissued a “buy (b)” rating on shares of NMI in a research note on Thursday, January 22nd. Finally, JPMorgan Chase & Co. increased their target price on NMI from $42.00 to $43.00 and gave the stock an “overweight” rating in a report on Monday, January 12th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $43.00.

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.