NMI Holdings, Inc. (NASDAQ:NMIH) Shares Sold by Primecap Management Co. CA

Primecap Management Co. CA lessened its position in shares of NMI Holdings, Inc. (NASDAQ:NMIH - Free Report) by 14.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 374,780 shares of the financial services provider's stock after selling 61,520 shares during the period. Primecap Management Co. CA owned about 0.47% of NMI worth $13,777,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Principal Securities Inc. raised its position 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 in the last quarter. Smartleaf Asset Management LLC raised its holdings in NMI by 288.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,868 shares of the financial services provider's stock worth $69,000 after purchasing an additional 1,387 shares in the last quarter. KBC Group NV lifted its position in shares of NMI by 38.3% during the 4th quarter. KBC Group NV now owns 3,221 shares of the financial services provider's stock worth $118,000 after buying an additional 892 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. lifted its position in shares of NMI by 21.3% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,810 shares of the financial services provider's stock worth $198,000 after buying an additional 846 shares during the last quarter. Finally, R Squared Ltd acquired a new position in shares of NMI in the 4th quarter valued at $203,000. 94.12% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

NMIH has been the subject of a number of research reports. Keefe, Bruyette & Woods raised shares of NMI from a "market perform" rating to an "outperform" rating and set a $43.00 price target for the company in a research report on Monday, February 24th. UBS Group reduced their target price on NMI from $42.00 to $41.00 and set a "neutral" rating for the company in a report on Wednesday, February 19th. JPMorgan Chase & Co. decreased their target price on NMI from $46.00 to $41.00 and set an "overweight" rating for the company in a research report on Monday, December 9th. Finally, Barclays lowered NMI from an "overweight" rating to an "equal weight" rating and cut their price target for the stock from $48.00 to $41.00 in a research report on Monday, January 6th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, NMI currently has an average rating of "Moderate Buy" and a consensus price target of $42.29.

Insider Buying and Selling at NMI

In other news, EVP Norman Peter Fitzgerald sold 20,000 shares of the firm's stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $35.88, for a total value of $717,600.00. Following the completion of the sale, the executive vice president now directly owns 37,470 shares of the company's stock, valued at $1,344,423.60. This trade represents a 34.80 % decrease in their position. The transaction was disclosed in a 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 on Friday, February 21st. The stock was sold at an average price of $35.44, for a total value of $38,381.52. Following the transaction, the executive vice president now directly owns 49,218 shares in the company, valued at $1,744,285.92. This represents a 2.15 % decrease in their position. The disclosure for this sale can be found here. 2.70% of the stock is currently owned by corporate insiders.

NMI Stock Performance

NMIH stock traded up $0.85 during trading on Monday, hitting $36.14. The company had a trading volume of 285,019 shares, compared to its average volume of 476,048. The firm has a 50-day moving average price of $36.45 and a 200-day moving average price of $38.09. The company has a quick ratio of 0.83, a current ratio of 0.60 and a debt-to-equity ratio of 0.19. The firm has a market cap of $2.84 billion, a PE ratio of 8.16, a price-to-earnings-growth 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.

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 (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 expect that NMI Holdings, Inc. will post 4.62 earnings per share for the current year.

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.