Canada Pension Plan Investment Board Has $1.14 Million Stock Position in NMI Holdings, Inc. (NASDAQ:NMIH)

Canada Pension Plan Investment Board trimmed its stake in NMI Holdings, Inc. (NASDAQ:NMIH - Free Report) by 56.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 31,000 shares of the financial services provider's stock after selling 40,600 shares during the quarter. Canada Pension Plan Investment Board's holdings in NMI were worth $1,140,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in NMIH. Barclays PLC grew its stake in shares of NMI by 264.4% in the 3rd quarter. Barclays PLC now owns 386,999 shares of the financial services provider's stock valued at $15,940,000 after buying an additional 280,809 shares in the last quarter. Virtu Financial LLC bought a new stake in NMI in the third quarter worth approximately $380,000. World Investment Advisors LLC acquired a new position in shares of NMI during the 3rd quarter worth $1,059,000. Tidal Investments LLC raised its holdings in shares of NMI by 92.9% during the 3rd quarter. Tidal Investments LLC now owns 38,069 shares of the financial services provider's stock valued at $1,568,000 after purchasing an additional 18,333 shares in the last quarter. Finally, Franklin Resources Inc. lifted its stake in shares of NMI by 1.5% in the 3rd quarter. Franklin Resources Inc. now owns 98,150 shares of the financial services provider's stock valued at $4,024,000 after purchasing an additional 1,442 shares during the last quarter. 94.12% of the stock is currently owned by institutional investors and hedge funds.

NMI Stock Performance

Shares of NMI stock traded up $0.07 during midday trading on Monday, hitting $33.47. The company had a trading volume of 990,738 shares, compared to its average volume of 538,365. The stock has a market cap of $2.62 billion, a PE ratio of 7.56, a P/E/G ratio of 1.41 and a beta of 0.62. NMI Holdings, Inc. has a 1-year low of $30.35 and a 1-year high of $42.49. The business's 50 day simple moving average is $34.93 and its two-hundred day simple moving average is $36.91. 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 announced its quarterly earnings data 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 net margin of 55.32% and a return on equity of 17.33%. As a group, equities analysts predict that NMI Holdings, Inc. will post 4.62 EPS for the current fiscal year.

Insider Activity at NMI

In related news, EVP Norman Peter Fitzgerald sold 20,000 shares of the business's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $35.88, for a total value of $717,600.00. Following the sale, the executive vice president now 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Mohammad Nawaz Yousaf sold 1,083 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $35.44, for a total value of $38,381.52. Following the transaction, the executive vice president now owns 49,218 shares of the company's stock, valued at $1,744,285.92. This represents a 2.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

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

NMI Company Profile

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.