Schroder Investment Management Group Sells 167,621 Shares of NMI Holdings, Inc. (NASDAQ:NMIH)

Schroder Investment Management Group trimmed its holdings in NMI Holdings, Inc. (NASDAQ:NMIH - Free Report) by 37.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 278,466 shares of the financial services provider's stock after selling 167,621 shares during the period. Schroder Investment Management Group owned 0.35% of NMI worth $10,256,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Principal Securities Inc. raised its holdings in NMI by 66.5% during the fourth quarter. Principal Securities Inc. now owns 716 shares of the financial services provider's stock worth $26,000 after buying an additional 286 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in shares of NMI by 288.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,868 shares of the financial services provider's stock valued at $69,000 after acquiring an additional 1,387 shares during the period. KBC Group NV increased its position in shares of NMI by 38.3% in the fourth quarter. KBC Group NV now owns 3,221 shares of the financial services provider's stock worth $118,000 after purchasing an additional 892 shares during the last quarter. R Squared Ltd bought a new position in shares of NMI during the 4th quarter valued at about $203,000. Finally, AXQ Capital LP purchased a new position in NMI in the 4th quarter worth $207,000. Institutional investors and hedge funds own 94.12% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on NMIH. UBS Group lowered their price target 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. JPMorgan Chase & Co. dropped their price objective on NMI from $42.00 to $41.00 and set an "overweight" rating for the company in a research note on Tuesday. Keefe, Bruyette & Woods dropped their price objective on shares of NMI from $43.00 to $42.00 and set an "outperform" rating for the company in a research note on Tuesday. Finally, Barclays lowered NMI from an "overweight" rating to an "equal weight" rating and dropped their target price for the company from $48.00 to $41.00 in a research report on Monday, January 6th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $42.14.

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Insider Buying and Selling at NMI

In other NMI news, 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 sale, the executive vice president now directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 transaction, the executive vice president now 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 disclosure for this sale can be found here. 2.70% of the stock is owned by corporate insiders.

NMI Price Performance

NASDAQ:NMIH traded up $1.79 during trading hours on Wednesday, reaching $34.63. 791,674 shares of the company traded hands, compared to its average volume of 522,367. NMI Holdings, Inc. has a 1-year low of $29.05 and a 1-year high of $42.49. The firm's 50-day moving average is $35.68 and its 200-day moving average is $37.55. 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 stock has a market cap of $2.71 billion, a P/E ratio of 7.82, a P/E/G ratio of 1.41 and a beta of 0.62.

NMI (NASDAQ:NMIH - Get Free Report) last issued its quarterly earnings data 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 net margin of 55.32% and a return on equity of 17.33%. Equities research 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.