Bank of New York Mellon Corp Trims Stake in NMI Holdings, Inc. (NASDAQ:NMIH)

Bank of New York Mellon Corp lowered its holdings in shares of NMI Holdings, Inc. (NASDAQ:NMIH - Free Report) by 2.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 576,803 shares of the financial services provider's stock after selling 14,971 shares during the period. Bank of New York Mellon Corp owned about 0.73% of NMI worth $21,203,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of NMIH. Principal Securities Inc. increased its holdings in 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 purchasing an additional 286 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in NMI by 2.2% in the 4th quarter. Janney Montgomery Scott LLC now owns 14,883 shares of the financial services provider's stock worth $547,000 after purchasing an additional 320 shares in the last quarter. Tealwood Asset Management Inc. increased its holdings in NMI by 1.2% in the 4th quarter. Tealwood Asset Management Inc. now owns 32,192 shares of the financial services provider's stock worth $1,183,000 after purchasing an additional 376 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. grew its position in shares of NMI by 21.3% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,810 shares of the financial services provider's stock valued at $198,000 after buying an additional 846 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of NMI by 4.5% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,540 shares of the financial services provider's stock valued at $805,000 after buying an additional 848 shares during the last quarter. Institutional investors and hedge funds own 94.12% of the company's stock.

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Insider Transactions at NMI

In related news, EVP Mohammad Nawaz Yousaf sold 1,083 shares of NMI stock in a transaction on Friday, February 21st. The stock was sold at an average price of $35.44, for a total transaction of $38,381.52. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Norman Peter Fitzgerald sold 20,000 shares of NMI stock in a transaction on Monday, February 24th. The shares were sold at an average price of $35.88, for a total value of $717,600.00. Following the sale, the executive vice president now directly owns 37,470 shares of the company's stock, valued at $1,344,423.60. This represents a 34.80 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.70% of the company's stock.

NMI Stock Performance

NASDAQ:NMIH traded up $0.73 during trading hours on Friday, reaching $35.40. The stock had a trading volume of 313,064 shares, compared to its average volume of 510,114. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.83 and a current ratio of 0.60. The stock has a 50 day simple moving average of $36.49 and a 200 day simple moving average of $38.35. NMI Holdings, Inc. has a 12-month low of $29.05 and a 12-month high of $42.49. The stock has a market cap of $2.78 billion, a P/E ratio of 7.99, a price-to-earnings-growth ratio of 1.41 and a beta of 1.02.

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

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. UBS Group cut their target price on NMI from $42.00 to $41.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 19th. JPMorgan Chase & Co. cut their price target on NMI from $46.00 to $41.00 and set an "overweight" rating on the stock in a report on Monday, December 9th. Keefe, Bruyette & Woods upgraded NMI from a "market perform" rating to an "outperform" rating and set a $43.00 price target on the stock in a report on Monday, February 24th. Finally, Barclays lowered NMI from an "overweight" rating to an "equal weight" rating and cut their price target for the stock from $48.00 to $41.00 in a report on Monday, January 6th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, NMI has an average rating of "Moderate Buy" and a consensus price target of $42.29.

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.