NMI Holdings, Inc. (NASDAQ:NMIH) Stake Boosted by Barclays PLC

Barclays PLC boosted its position in NMI Holdings, Inc. (NASDAQ:NMIH - Free Report) by 43.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 555,618 shares of the financial services provider's stock after purchasing an additional 168,619 shares during the period. Barclays PLC owned about 0.70% of NMI worth $20,424,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Principal Securities Inc. increased its holdings 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 valued at $26,000 after purchasing an additional 286 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in NMI by 288.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,868 shares of the financial services provider's stock valued at $69,000 after buying an additional 1,387 shares in the last quarter. Covestor Ltd lifted its position in shares of NMI by 601.1% during the 4th quarter. Covestor Ltd now owns 1,893 shares of the financial services provider's stock valued at $70,000 after acquiring an additional 1,623 shares during the period. Sterling Capital Management LLC boosted its stake in shares of NMI by 786.1% during the 4th quarter. Sterling Capital Management LLC now owns 2,295 shares of the financial services provider's stock worth $84,000 after acquiring an additional 2,036 shares in the last quarter. Finally, KBC Group NV grew its holdings in shares of NMI by 38.3% in the 4th 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 during the period. Hedge funds and other institutional investors own 94.12% of the company's stock.

Insider Buying and Selling at NMI

In other NMI news, EVP Mohammad Nawaz Yousaf sold 1,083 shares of the stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $35.44, for a total value 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 $1,744,285.92. This trade represents a 2.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Norman Peter Fitzgerald sold 20,000 shares of the company's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $35.88, for a total transaction of $717,600.00. Following the completion of the transaction, the executive vice president now directly owns 37,470 shares of the company's stock, valued at approximately $1,344,423.60. The trade was a 34.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.00% of the stock is owned by company insiders.

NMI Trading Up 1.6 %

NMIH traded up $0.54 during trading on Thursday, hitting $34.03. The company's stock had a trading volume of 404,338 shares, compared to its average volume of 534,643. NMI Holdings, Inc. has a twelve month low of $30.30 and a twelve month high of $42.49. The stock has a market cap of $2.66 billion, a PE ratio of 7.68, a PEG ratio of 1.41 and a beta of 0.62. The firm's 50 day moving average price is $35.00 and its 200-day moving average price is $37.06. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.60 and a quick ratio of 0.83.

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 for the quarter, missing the consensus estimate of $1.14 by ($0.07). NMI had a return on equity of 17.33% and a net margin of 55.32%. On average, analysts expect that NMI Holdings, Inc. will post 4.62 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have weighed in on NMIH shares. JPMorgan Chase & Co. lowered their target price on NMI from $42.00 to $41.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Barclays downgraded shares of NMI from an "overweight" rating to an "equal weight" rating and dropped their target price for the company from $48.00 to $41.00 in a report on Monday, January 6th. UBS Group reduced their price target on shares of NMI from $42.00 to $41.00 and set a "neutral" rating on the stock in a report on Wednesday, February 19th. Finally, Keefe, Bruyette & Woods dropped their price objective on shares of NMI from $43.00 to $42.00 and set an "outperform" rating for the company in a research note on Tuesday, April 8th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $42.14.

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.