Wellington Management Group LLP Sells 40,981 Shares of NMI Holdings, Inc. (NASDAQ:NMIH)

Wellington Management Group LLP cut its holdings in NMI Holdings, Inc. (NASDAQ:NMIH - Free Report) by 9.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 370,975 shares of the financial services provider's stock after selling 40,981 shares during the quarter. Wellington Management Group LLP owned 0.47% of NMI worth $13,637,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Point72 Asset Management L.P. increased its stake in shares of NMI by 42.9% in the 3rd quarter. Point72 Asset Management L.P. now owns 6,200 shares of the financial services provider's stock worth $255,000 after acquiring an additional 1,861 shares during the last quarter. State Street Corp increased its holdings in NMI by 1.0% in the third quarter. State Street Corp now owns 3,565,348 shares of the financial services provider's stock valued at $146,857,000 after buying an additional 35,351 shares during the last quarter. Jane Street Group LLC increased its stake in NMI by 64.2% in the third quarter. Jane Street Group LLC now owns 139,173 shares of the financial services provider's stock valued at $5,733,000 after purchasing an additional 54,391 shares during the last quarter. XTX Topco Ltd acquired a new stake in shares of NMI in the 3rd quarter valued at about $568,000. Finally, Barclays PLC boosted its stake in NMI by 264.4% during the 3rd quarter. Barclays PLC now owns 386,999 shares of the financial services provider's stock worth $15,940,000 after purchasing an additional 280,809 shares during the period. 94.12% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Norman Peter Fitzgerald sold 20,000 shares of the company's 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 directly owns 37,470 shares in the company, valued at approximately $1,344,423.60. This represents a 34.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Mohammad Nawaz Yousaf sold 1,083 shares of the 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 owns 49,218 shares in the company, valued at $1,744,285.92. The trade was a 2.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.70% of the company's stock.

Remove Ads

NMI Stock Up 1.8 %

NMIH stock traded up $0.62 during mid-day trading on Monday, hitting $34.56. The stock had a trading volume of 9,505 shares, compared to its average volume of 521,821. The stock has a market capitalization of $2.70 billion, a price-to-earnings ratio of 7.82, a PEG ratio of 1.41 and a beta of 0.62. The company has a fifty day moving average of $35.48 and a 200 day moving average of $37.42. 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 Holdings, Inc. has a 1-year low of $29.05 and a 1-year high of $42.49.

NMI (NASDAQ:NMIH - Get Free Report) last released its 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%. On average, equities analysts expect that NMI Holdings, Inc. will post 4.62 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Keefe, Bruyette & Woods lowered their price objective on NMI from $43.00 to $42.00 and set an "outperform" rating on the stock in a report on Tuesday, April 8th. JPMorgan Chase & Co. decreased their price objective on NMI from $42.00 to $41.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. UBS Group cut their target price on NMI from $42.00 to $41.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 19th. Finally, 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 research report on Monday, January 6th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $42.14.

NMI Company 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.