Clearbridge Investments LLC Cuts Position in NMI Holdings, Inc. (NASDAQ:NMIH)

Clearbridge Investments LLC cut its stake in shares of NMI Holdings, Inc. (NASDAQ:NMIH - Free Report) by 5.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 879,176 shares of the financial services provider's stock after selling 53,827 shares during the quarter. Clearbridge Investments LLC owned 1.11% of NMI worth $32,319,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Principal Securities Inc. lifted its holdings in shares of NMI by 66.5% during the 4th quarter. Principal Securities Inc. now owns 716 shares of the financial services provider's stock worth $26,000 after acquiring an additional 286 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in NMI by 2.2% during the fourth 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 during the last quarter. Tealwood Asset Management Inc. lifted its stake in NMI by 1.2% during the fourth 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 during the last quarter. Atria Investments Inc boosted its holdings in shares of NMI by 5.9% in the 4th quarter. Atria Investments Inc now owns 7,572 shares of the financial services provider's stock worth $278,000 after purchasing an additional 422 shares in the last quarter. Finally, Xponance Inc. increased its position in shares of NMI by 10.3% during the 4th quarter. Xponance Inc. now owns 5,636 shares of the financial services provider's stock valued at $207,000 after purchasing an additional 524 shares during the last quarter. Hedge funds and other institutional investors own 94.12% of the company's stock.

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Wall Street Analyst Weigh In

A number of analysts recently weighed in on NMIH shares. Barclays downgraded NMI from an "overweight" rating to an "equal weight" rating and dropped their target price for the stock from $48.00 to $41.00 in a research report on Monday, January 6th. Keefe, Bruyette & Woods upgraded shares of NMI from a "market perform" rating to an "outperform" rating and set a $43.00 price objective for the company in a report on Monday, February 24th. UBS Group reduced their target price 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, JPMorgan Chase & Co. lowered their price target on shares of NMI from $46.00 to $41.00 and set an "overweight" rating for the company in a research note on Monday, December 9th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $42.29.

NMI Trading Down 5.7 %

NMIH traded down $2.05 during trading on Friday, hitting $33.83. 725,969 shares of the stock traded hands, compared to its average volume of 517,382. The firm has a market capitalization of $2.65 billion, a P/E ratio of 7.64, a price-to-earnings-growth ratio of 1.41 and a beta of 0.62. NMI Holdings, Inc. has a 12-month low of $29.05 and a 12-month high of $42.49. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.60 and a quick ratio of 0.83. The firm has a 50-day moving average of $36.21 and a 200 day moving average of $37.76.

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

Insider Transactions at NMI

In other 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 value of $38,381.52. Following the completion of the sale, the executive vice president now directly 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 accessible through the SEC website. Also, EVP Norman Peter Fitzgerald sold 20,000 shares of the business'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 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. Corporate insiders own 2.70% of the company's stock.

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.