Russell Investments Group Ltd. Sells 17,971 Shares of NMI Holdings, Inc. (NASDAQ:NMIH)

Russell Investments Group Ltd. reduced its stake in NMI Holdings, Inc. (NASDAQ:NMIH - Free Report) by 7.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 214,876 shares of the financial services provider's stock after selling 17,971 shares during the period. Russell Investments Group Ltd. owned approximately 0.27% of NMI worth $7,899,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Envestnet Asset Management Inc. increased its position in shares of NMI by 21.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 38,943 shares of the financial services provider's stock worth $1,432,000 after purchasing an additional 6,759 shares during the period. Wells Fargo & Company MN raised its position in shares of NMI by 2.1% in the 4th quarter. Wells Fargo & Company MN now owns 50,662 shares of the financial services provider's stock valued at $1,862,000 after buying an additional 1,033 shares in the last quarter. Integrated Quantitative Investments LLC bought a new stake in shares of NMI during the 4th quarter worth approximately $1,028,000. Donald Smith & CO. Inc. boosted its position in shares of NMI by 34.8% during the 4th quarter. Donald Smith & CO. Inc. now owns 1,307,868 shares of the financial services provider's stock worth $48,077,000 after acquiring an additional 337,996 shares in the last quarter. Finally, Trexquant Investment LP raised its position in NMI by 70.0% during the fourth quarter. Trexquant Investment LP now owns 153,872 shares of the financial services provider's stock valued at $5,656,000 after purchasing an additional 63,379 shares in the last quarter. Institutional investors and hedge funds own 94.12% of the company's stock.

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Insiders Place Their Bets

In other NMI news, EVP Mohammad Nawaz Yousaf sold 1,083 shares of the firm's stock in a transaction that occurred on Friday, February 21st. The shares were 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 in the company, valued at approximately $1,744,285.92. This trade represents a 2.15 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Norman Peter Fitzgerald sold 20,000 shares of the company's stock in a transaction 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 completion of the sale, 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 disclosure for this sale can be found here. Company insiders own 2.70% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. decreased their price target 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 lowered their target price on NMI from $42.00 to $41.00 and set a "neutral" rating for the company in a research note on Wednesday, February 19th. Keefe, Bruyette & Woods reduced their price target 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. Finally, Barclays cut 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 report on Monday, January 6th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, NMI has an average rating of "Moderate Buy" and a consensus target price of $42.14.

NMI Trading Down 0.7 %

Shares of NMI stock traded down $0.25 on Tuesday, hitting $34.10. The stock had a trading volume of 602,297 shares, compared to its average volume of 522,815. The stock has a 50 day moving average of $35.39 and a 200 day moving average of $37.37. The firm has a market capitalization of $2.67 billion, a P/E ratio of 7.70, a PEG ratio of 1.41 and a beta of 0.62. NMI Holdings, Inc. has a twelve month low of $29.05 and a twelve month high of $42.49. 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 (NASDAQ:NMIH - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The financial services provider reported $1.07 earnings per share (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%. Sell-side analysts expect that NMI Holdings, Inc. will post 4.62 earnings per share for the current fiscal year.

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.