NMI Holdings, Inc. (NASDAQ:NMIH) Shares Sold by Capital International Investors

Capital International Investors reduced its stake in shares of NMI Holdings, Inc. (NASDAQ:NMIH - Free Report) by 26.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,119,011 shares of the financial services provider's stock after selling 399,506 shares during the period. Capital International Investors owned approximately 1.41% of NMI worth $41,135,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Norges Bank purchased a new position in NMI in the fourth quarter valued at about $13,174,000. Raymond James Financial Inc. acquired a new position in NMI during the fourth quarter worth $13,136,000. Donald Smith & CO. Inc. boosted its position in NMI by 34.8% during the fourth quarter. Donald Smith & CO. Inc. now owns 1,307,868 shares of the financial services provider's stock worth $48,077,000 after purchasing an additional 337,996 shares in the last quarter. Barclays PLC grew its holdings in NMI by 264.4% in the third quarter. Barclays PLC now owns 386,999 shares of the financial services provider's stock valued at $15,940,000 after purchasing an additional 280,809 shares during the last quarter. Finally, abrdn plc purchased a new position in shares of NMI in the fourth quarter valued at $8,122,000. 94.12% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Insider Activity at NMI

In other news, EVP Mohammad Nawaz Yousaf sold 1,083 shares of the company's stock in a transaction 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 transaction, the executive vice president now directly owns 49,218 shares in the company, valued at approximately $1,744,285.92. This represents a 2.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 transaction of $717,600.00. Following the completion of the transaction, the executive vice president now owns 37,470 shares in the company, valued at $1,344,423.60. This represents a 34.80 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 3.00% of the company's stock.

NMI Trading Down 1.5 %

Shares of NMIH traded down $0.50 during mid-day trading on Friday, hitting $33.40. The company had a trading volume of 693,414 shares, compared to its average volume of 573,237. NMI Holdings, Inc. has a 1-year low of $30.30 and a 1-year high of $42.49. The business's 50-day simple moving average is $34.97 and its 200-day simple moving average is $37.01. The stock has a market cap of $2.61 billion, a PE ratio of 7.54, a P/E/G 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 posted its quarterly earnings results on Wednesday, February 12th. The financial services provider reported $1.07 EPS for the quarter, missing the consensus estimate of $1.14 by ($0.07). NMI had a net margin of 55.32% and a return on equity of 17.33%. Sell-side analysts forecast that NMI Holdings, Inc. will post 4.62 earnings per share for the current year.

NMI 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.