Sei Investments Co. Sells 14,163 Shares of NMI Holdings, Inc. (NASDAQ:NMIH)

Sei Investments Co. lessened its position in NMI Holdings, Inc. (NASDAQ:NMIH - Free Report) by 33.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 28,391 shares of the financial services provider's stock after selling 14,163 shares during the period. Sei Investments Co.'s holdings in NMI were worth $1,044,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Jane Street Group LLC lifted its stake in NMI by 64.2% during 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. JPMorgan Chase & Co. lifted its position in shares of NMI by 3.3% during the 3rd 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. Assetmark Inc. boosted its stake in shares of NMI by 12.6% during the 4th quarter. Assetmark Inc. now owns 88,010 shares of the financial services provider's stock worth $3,235,000 after acquiring an additional 9,842 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of 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 worth $39,533,000 after acquiring an additional 11,347 shares in the last quarter. Finally, Barclays PLC grew its holdings in shares of NMI by 264.4% in the 3rd quarter. Barclays PLC now owns 386,999 shares of the financial services provider's stock worth $15,940,000 after acquiring an additional 280,809 shares during the last quarter. Institutional investors and hedge funds own 94.12% of the company's stock.

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NMI Stock Up 2.1 %

Shares of NASDAQ:NMIH traded up $0.71 during trading on Friday, reaching $33.94. 469,054 shares of the company traded hands, compared to its average volume of 523,364. NMI Holdings, Inc. has a 1-year low of $29.05 and a 1-year high of $42.49. 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 $2.66 billion, a P/E ratio of 7.66, a price-to-earnings-growth ratio of 1.41 and a beta of 0.62. The firm has a fifty day simple moving average of $35.48 and a 200 day simple moving average of $37.44.

NMI (NASDAQ:NMIH - Get Free Report) last issued its earnings results on Wednesday, February 12th. The financial services provider reported $1.07 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%. Analysts anticipate that NMI Holdings, Inc. will post 4.62 earnings per share for the current fiscal year.

Analyst Ratings Changes

NMIH has been the subject of a number of recent analyst reports. UBS Group decreased their price target on 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. decreased their target price on shares of NMI from $42.00 to $41.00 and set an "overweight" rating for the company in a report on Tuesday. Barclays downgraded shares of NMI from an "overweight" rating to an "equal weight" rating and reduced their price target for the company from $48.00 to $41.00 in a research report on Monday, January 6th. Finally, Keefe, Bruyette & Woods cut their target price on shares of NMI from $43.00 to $42.00 and set an "outperform" rating on the stock in a research note on Tuesday. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $42.14.

Insider Activity at NMI

In related 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 transaction, the executive vice president now directly owns 37,470 shares of the company's stock, valued at approximately $1,344,423.60. This trade represents a 34.80 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Mohammad Nawaz Yousaf sold 1,083 shares of the company'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 value of $38,381.52. Following the sale, the executive vice president now directly owns 49,218 shares of the company's stock, valued at $1,744,285.92. The trade was 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 company insiders.

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.