NMI Holdings, Inc. (NASDAQ:NMIH) Shares Bought by Trexquant Investment LP

Trexquant Investment LP increased its holdings in shares of NMI Holdings, Inc. (NASDAQ:NMIH - Free Report) by 70.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 153,872 shares of the financial services provider's stock after acquiring an additional 63,379 shares during the quarter. Trexquant Investment LP owned about 0.19% of NMI worth $5,656,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Principal Securities Inc. boosted its holdings 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 purchasing an additional 286 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in NMI by 2.2% during the fourth quarter. Janney Montgomery Scott LLC now owns 14,883 shares of the financial services provider's stock worth $547,000 after buying an additional 320 shares during the last quarter. Tealwood Asset Management Inc. grew its holdings in NMI by 1.2% in the 4th quarter. Tealwood Asset Management Inc. now owns 32,192 shares of the financial services provider's stock valued at $1,183,000 after buying an additional 376 shares in the last quarter. Atria Investments Inc increased its stake in shares of NMI by 5.9% in the 4th quarter. Atria Investments Inc now owns 7,572 shares of the financial services provider's stock worth $278,000 after acquiring an additional 422 shares during the last quarter. Finally, Xponance Inc. raised its holdings in shares of NMI by 10.3% during the 4th quarter. Xponance Inc. now owns 5,636 shares of the financial services provider's stock worth $207,000 after acquiring an additional 524 shares during the period. Hedge funds and other institutional investors own 94.12% of the company's stock.

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NMI Stock Down 4.6 %

Shares of NMIH traded down $1.61 during midday trading on Thursday, hitting $33.02. The company had a trading volume of 116,254 shares, compared to its average volume of 520,831. NMI Holdings, Inc. has a 1 year low of $29.05 and a 1 year high of $42.49. The firm has a market capitalization of $2.58 billion, a P/E ratio of 7.47, a P/E/G ratio of 1.41 and a beta of 0.62. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.83 and a current ratio of 0.60. The company's 50-day simple moving average is $35.68 and its 200-day simple moving average is $37.55.

NMI (NASDAQ:NMIH - Get Free Report) last issued its quarterly 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 return on equity of 17.33% and a net margin of 55.32%. As a group, sell-side analysts expect that NMI Holdings, Inc. will post 4.62 EPS for the current year.

Insider Activity at NMI

In related news, EVP Norman Peter Fitzgerald sold 20,000 shares of the company'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 transaction, the executive vice president now directly owns 37,470 shares of the company's stock, valued at $1,344,423.60. This represents a 34.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Mohammad Nawaz Yousaf sold 1,083 shares of the firm'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 sale, the executive vice president now directly owns 49,218 shares in the company, valued at approximately $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 corporate insiders.

Analyst Ratings Changes

NMIH has been the subject of several recent analyst reports. UBS Group cut their price objective 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. 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 report on Tuesday. JPMorgan Chase & Co. decreased their price objective on NMI from $42.00 to $41.00 and set an "overweight" rating on the stock in a report on Tuesday. Finally, Barclays cut NMI from an "overweight" rating to an "equal weight" rating and cut their target price for the stock from $48.00 to $41.00 in a research note on Monday, January 6th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $42.14.

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.