NMI Holdings, Inc. (NASDAQ:NMIH) Shares Sold by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership cut its holdings in NMI Holdings, Inc. (NASDAQ:NMIH - Free Report) by 2.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 649,132 shares of the financial services provider's stock after selling 17,222 shares during the quarter. Arrowstreet Capital Limited Partnership owned 0.82% of NMI worth $23,862,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Principal Securities Inc. grew its stake in shares of NMI by 66.5% in the 4th quarter. Principal Securities Inc. now owns 716 shares of the financial services provider's stock worth $26,000 after buying an additional 286 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of NMI by 288.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,868 shares of the financial services provider's stock valued at $69,000 after acquiring an additional 1,387 shares during the last quarter. KBC Group NV grew its position in NMI by 38.3% in the fourth quarter. KBC Group NV now owns 3,221 shares of the financial services provider's stock worth $118,000 after acquiring an additional 892 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. raised its position in NMI by 21.3% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,810 shares of the financial services provider's stock valued at $198,000 after purchasing an additional 846 shares during the period. Finally, R Squared Ltd bought a new stake in shares of NMI in the 4th quarter valued at approximately $203,000. Institutional investors own 94.12% of the company's stock.

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NMI Trading Up 0.2 %

NMIH stock traded up $0.05 during trading on Tuesday, hitting $32.84. The company had a trading volume of 799,862 shares, compared to its average volume of 520,450. NMI Holdings, Inc. has a 52-week low of $29.05 and a 52-week high of $42.49. The company has a 50 day simple moving average of $35.85 and a 200-day simple moving average of $37.61. The firm has a market capitalization of $2.57 billion, a P/E ratio of 7.41, a PEG ratio of 1.41 and a beta of 0.62. The company has a quick ratio of 0.83, a current ratio of 0.60 and a debt-to-equity ratio of 0.19.

NMI (NASDAQ:NMIH - Get Free Report) last issued its earnings results on Wednesday, February 12th. The financial services provider reported $1.07 EPS for the quarter, missing analysts' consensus estimates 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, research analysts forecast that NMI Holdings, Inc. will post 4.62 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on NMIH. Barclays downgraded NMI from an "overweight" rating to an "equal weight" rating and cut their target price for the company from $48.00 to $41.00 in a research report on Monday, January 6th. Keefe, Bruyette & Woods cut their price objective on shares of NMI from $43.00 to $42.00 and set an "outperform" rating on the stock in a research report on Tuesday. UBS Group lowered their target price on shares of NMI from $42.00 to $41.00 and set a "neutral" rating for the company in a report on Wednesday, February 19th. Finally, JPMorgan Chase & Co. cut their price target on shares of NMI from $42.00 to $41.00 and set an "overweight" rating on the stock in a report on Tuesday. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $42.14.

Insiders Place Their Bets

In other NMI news, EVP Mohammad Nawaz Yousaf sold 1,083 shares of the firm's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $35.44, for a total transaction of $38,381.52. Following the transaction, the executive vice president now owns 49,218 shares of the company's stock, valued at approximately $1,744,285.92. This trade represents a 2.15 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 completion of the sale, the executive vice president now directly owns 37,470 shares of the company's stock, valued at $1,344,423.60. The trade was a 34.80 % decrease in their position. The disclosure for this sale can be found here. 2.70% of the stock is currently owned by company insiders.

About NMI

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.