NMI Holdings, Inc. (NASDAQ:NMIH) Shares Sold by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. lowered its stake in NMI Holdings, Inc. (NASDAQ:NMIH - Free Report) by 18.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 43,913 shares of the financial services provider's stock after selling 9,984 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned 0.06% of NMI worth $1,614,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in NMIH. Moran Wealth Management LLC grew its stake in NMI by 33.6% in the 3rd quarter. Moran Wealth Management LLC now owns 14,244 shares of the financial services provider's stock valued at $587,000 after acquiring an additional 3,585 shares during the period. Intech Investment Management LLC lifted its holdings in NMI by 50.8% in the 3rd quarter. Intech Investment Management LLC now owns 35,011 shares of the financial services provider's stock valued at $1,442,000 after purchasing an additional 11,798 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in NMI by 2.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,064,081 shares of the financial services provider's stock valued at $43,829,000 after purchasing an additional 22,756 shares in the last quarter. Citigroup Inc. lifted its holdings in NMI by 95.4% in the 3rd quarter. Citigroup Inc. now owns 129,180 shares of the financial services provider's stock valued at $5,321,000 after purchasing an additional 63,058 shares in the last quarter. Finally, Cerity Partners LLC lifted its holdings in NMI by 11.1% in the 3rd quarter. Cerity Partners LLC now owns 17,828 shares of the financial services provider's stock valued at $734,000 after purchasing an additional 1,786 shares in the last quarter. Institutional investors and hedge funds own 94.12% of the company's stock.

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Insider Buying and Selling at NMI

In other news, EVP Mohammad Nawaz Yousaf sold 1,083 shares of the business's stock in a transaction dated 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 transaction, the executive vice president now directly owns 49,218 shares of the company's stock, valued at approximately $1,744,285.92. The trade was a 2.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed 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 stock was sold at an average price of $35.88, for a total value of $717,600.00. Following the transaction, the executive vice president now directly owns 37,470 shares of the company's stock, valued at approximately $1,344,423.60. This represents a 34.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.40% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

NMIH has been the topic of a number of research reports. Keefe, Bruyette & Woods upgraded NMI from a "market perform" rating to an "outperform" rating and set a $43.00 price objective on the stock in a report on Monday, February 24th. UBS Group decreased their price objective on NMI from $42.00 to $41.00 and set a "neutral" rating on the stock in a report on Wednesday, February 19th. Barclays lowered NMI from an "overweight" rating to an "equal weight" rating and reduced their price target for the stock from $48.00 to $41.00 in a report on Monday, January 6th. Finally, JPMorgan Chase & Co. reduced 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. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, NMI presently has an average rating of "Moderate Buy" and an average price target of $42.29.

NMI Trading Down 0.5 %

NMIH traded down $0.17 on Friday, hitting $35.29. The company had a trading volume of 1,738,337 shares, compared to its average volume of 476,816. The firm has a market cap of $2.77 billion, a P/E ratio of 7.97, a PEG ratio of 1.41 and a beta of 1.02. NMI Holdings, Inc. has a 1 year low of $29.05 and a 1 year high of $42.49. The company's fifty day moving average price is $36.45 and its 200 day moving average price is $38.11. The company has a current ratio of 0.60, a quick ratio of 0.83 and a debt-to-equity ratio of 0.19.

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 net margin of 55.32% and a return on equity of 17.33%. As a group, equities analysts expect that NMI Holdings, Inc. will post 4.62 earnings per share for the current year.

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.