NMI Holdings, Inc. (NASDAQ:NMIH) Stake Lessened by Dana Investment Advisors Inc.

Dana Investment Advisors Inc. trimmed its holdings in shares of NMI Holdings, Inc. (NASDAQ:NMIH - Free Report) by 5.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 176,645 shares of the financial services provider's stock after selling 10,186 shares during the period. Dana Investment Advisors Inc. owned 0.22% of NMI worth $6,493,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Jane Street Group LLC boosted its position in NMI by 64.2% during the 3rd quarter. Jane Street Group LLC now owns 139,173 shares of the financial services provider's stock worth $5,733,000 after purchasing an additional 54,391 shares during the period. Algert Global LLC boosted its position in NMI by 88.9% during the 3rd quarter. Algert Global LLC now owns 142,141 shares of the financial services provider's stock worth $5,855,000 after purchasing an additional 66,880 shares during the period. JPMorgan Chase & Co. boosted its position in NMI by 3.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 775,804 shares of the financial services provider's stock worth $31,955,000 after purchasing an additional 24,838 shares during the period. Citigroup Inc. boosted its position in NMI by 95.4% during the 3rd quarter. Citigroup Inc. now owns 129,180 shares of the financial services provider's stock worth $5,321,000 after purchasing an additional 63,058 shares during the period. Finally, BNP Paribas Financial Markets boosted its position in NMI by 53.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 112,224 shares of the financial services provider's stock worth $4,623,000 after purchasing an additional 39,012 shares during the period. 94.12% of the stock is owned by hedge funds and other institutional investors.

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Insider Buying and Selling

In related news, EVP Norman Peter Fitzgerald sold 20,000 shares of the 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 sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Mohammad Nawaz Yousaf sold 1,083 shares of the company'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 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 disclosure for this sale can be found here. 2.70% of the stock is owned by company insiders.

NMI Stock Down 0.1 %

Shares of NMI stock traded down $0.04 during trading on Friday, reaching $35.43. The company had a trading volume of 786,453 shares, compared to its average volume of 514,856. The company has a market cap of $2.78 billion, a price-to-earnings ratio of 8.00, a price-to-earnings-growth ratio of 1.41 and a beta of 1.02. The firm's fifty day moving average is $36.67 and its 200-day moving average is $38.46. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.83 and a current ratio of 0.60. NMI Holdings, Inc. has a fifty-two week low of $29.05 and a fifty-two week high of $42.49.

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

Analysts Set New Price Targets

A number of analysts recently weighed in on NMIH shares. UBS Group decreased their price target on shares of NMI from $42.00 to $41.00 and set a "neutral" rating for the company in a research report on Wednesday, February 19th. Barclays lowered shares of NMI from an "overweight" rating to an "equal weight" rating and cut their price objective for the stock from $48.00 to $41.00 in a 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 on the stock in a report on Monday, February 24th. Finally, JPMorgan Chase & Co. cut their price objective on shares of NMI from $46.00 to $41.00 and set an "overweight" rating on the stock in a report on Monday, December 9th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, NMI presently has a consensus rating of "Moderate Buy" and a consensus price target of $42.29.

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.