Quantbot Technologies LP Acquires 25,399 Shares of NMI Holdings, Inc. (NASDAQ:NMIH)

Quantbot Technologies LP grew its holdings in NMI Holdings, Inc. (NASDAQ:NMIH - Free Report) by 327.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 33,153 shares of the financial services provider's stock after buying an additional 25,399 shares during the quarter. Quantbot Technologies LP's holdings in NMI were worth $1,219,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NMIH. State Street Corp grew its stake in NMI by 1.0% during the third quarter. State Street Corp now owns 3,565,348 shares of the financial services provider's stock worth $146,857,000 after buying an additional 35,351 shares during the last quarter. FMR LLC increased its stake in shares of NMI by 7.6% in the 3rd quarter. FMR LLC now owns 1,517,092 shares of the financial services provider's stock valued at $62,489,000 after buying an additional 107,771 shares during the period. Charles Schwab Investment Management Inc. lifted its position in NMI by 1.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,075,428 shares of the financial services provider's stock valued at $39,533,000 after purchasing an additional 11,347 shares during the period. JPMorgan Chase & Co. boosted its stake in NMI by 3.3% in the third quarter. JPMorgan Chase & Co. now owns 775,804 shares of the financial services provider's stock valued at $31,955,000 after acquiring an additional 24,838 shares during the last quarter. Finally, Principal Financial Group Inc. increased its holdings in NMI by 3.6% in the fourth quarter. Principal Financial Group Inc. now owns 452,264 shares of the financial services provider's stock valued at $16,625,000 after purchasing an additional 15,868 shares during the last quarter. 94.12% of the stock is owned by institutional investors.

Remove Ads

NMI Stock Down 1.5 %

NASDAQ:NMIH traded down $0.53 on Friday, hitting $36.00. 544,073 shares of the company's stock were exchanged, compared to its average volume of 520,465. The firm has a 50-day moving average price of $36.41 and a 200-day moving average price of $37.97. NMI Holdings, Inc. has a 52 week low of $29.05 and a 52 week high of $42.49. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.60 and a quick ratio of 0.83. The company has a market cap of $2.82 billion, a P/E ratio of 8.13, a price-to-earnings-growth ratio of 1.41 and a beta of 1.02.

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 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%. As a group, analysts expect that NMI Holdings, Inc. will post 4.62 EPS for the current fiscal year.

Insider Buying and Selling

In other news, EVP Mohammad Nawaz Yousaf sold 1,083 shares of the business'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 sale, 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 sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, 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 value of $717,600.00. Following the completion of the transaction, the executive vice president now directly owns 37,470 shares in the company, valued at $1,344,423.60. The trade was 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 corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Keefe, Bruyette & Woods upgraded shares of NMI from a "market perform" rating to an "outperform" rating and set a $43.00 price objective for the company in a research report on Monday, February 24th. 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 note on Monday, December 9th. Barclays lowered NMI from an "overweight" rating to an "equal weight" rating and dropped their price target for the stock from $48.00 to $41.00 in a research report on Monday, January 6th. Finally, UBS Group decreased their price objective on NMI from $42.00 to $41.00 and set a "neutral" rating for the company in a research report on Wednesday, February 19th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, NMI has an average 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.