NMI Holdings, Inc. (NASDAQ:NMIH) Holdings Lowered by F M Investments LLC

F M Investments LLC lessened its position in shares of NMI Holdings, Inc. (NASDAQ:NMIH - Free Report) by 67.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 118,160 shares of the financial services provider's stock after selling 246,639 shares during the quarter. F M Investments LLC owned approximately 0.15% of NMI worth $4,344,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Pinnacle Holdings LLC grew its position in NMI by 5.7% in the fourth quarter. Pinnacle Holdings LLC now owns 63,825 shares of the financial services provider's stock valued at $2,346,000 after purchasing an additional 3,417 shares in the last quarter. Renaissance Group LLC lifted its stake in shares of NMI by 10.0% in the fourth quarter. Renaissance Group LLC now owns 107,334 shares of the financial services provider's stock worth $3,946,000 after acquiring an additional 9,771 shares during the period. Renaissance Technologies LLC grew its position in shares of NMI by 328.9% during the 4th quarter. Renaissance Technologies LLC now owns 166,653 shares of the financial services provider's stock worth $6,126,000 after buying an additional 127,800 shares during the period. Invesco Ltd. grew its position in NMI by 15.0% in the 4th quarter. Invesco Ltd. now owns 934,044 shares of the financial services provider's stock valued at $34,335,000 after purchasing an additional 121,774 shares during the period. Finally, Bank of Montreal Can lifted its position in shares of NMI by 7.9% during the 4th quarter. Bank of Montreal Can now owns 12,011 shares of the financial services provider's stock worth $442,000 after buying an additional 882 shares in the last quarter. 94.12% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. JPMorgan Chase & Co. reduced their target price on NMI from $42.00 to $41.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Keefe, Bruyette & Woods lowered their target price on shares of NMI from $43.00 to $42.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 8th. UBS Group lowered their price objective 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. Finally, Barclays lowered shares of NMI from an "overweight" rating to an "equal weight" rating and lowered their price objective for the stock from $48.00 to $41.00 in a research note on Monday, January 6th. Three 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.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $42.14.

Insider Buying and Selling

In other NMI news, EVP Mohammad Nawaz Yousaf sold 1,083 shares of the company's stock in a transaction that occurred on 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 $1,744,285.92. This represents a 2.15 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Norman Peter Fitzgerald sold 20,000 shares of the stock in a transaction that occurred on 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 approximately $1,344,423.60. This trade represents a 34.80 % decrease in their position. The disclosure for this sale can be found here. 2.70% of the stock is currently owned by company insiders.

NMI Stock Down 0.3 %

Shares of NMIH traded down $0.10 during midday trading on Wednesday, reaching $34.00. 170,198 shares of the stock were exchanged, compared to its average volume of 521,473. The company has a market cap of $2.66 billion, a price-to-earnings ratio of 7.67, 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 Holdings, Inc. has a 12-month low of $29.05 and a 12-month high of $42.49. The firm has a 50 day simple moving average of $35.29 and a 200-day simple moving average of $37.35.

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 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%. Research analysts forecast that NMI Holdings, Inc. will post 4.62 EPS 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.