NMI Holdings Inc (NMIH) Stake Lessened by Chicago Equity Partners LLC

Chicago Equity Partners LLC cut its holdings in NMI Holdings Inc (NASDAQ:NMIH) by 1.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 251,953 shares of the financial services provider’s stock after selling 4,990 shares during the period. Chicago Equity Partners LLC owned about 0.38% of NMI worth $4,497,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. American Century Companies Inc. lifted its stake in NMI by 76.0% in the third quarter. American Century Companies Inc. now owns 597,894 shares of the financial services provider’s stock valued at $13,542,000 after purchasing an additional 258,159 shares during the last quarter. Invictus RG purchased a new position in NMI in the third quarter valued at approximately $281,000. Prudential Financial Inc. lifted its stake in NMI by 10.0% in the third quarter. Prudential Financial Inc. now owns 106,845 shares of the financial services provider’s stock valued at $2,420,000 after purchasing an additional 9,710 shares during the last quarter. Hartford Investment Management Co. purchased a new position in NMI in the third quarter valued at approximately $286,000. Finally, Matarin Capital Management LLC purchased a new position in NMI in the third quarter valued at approximately $1,314,000. 90.77% of the stock is owned by institutional investors.

Several research firms recently commented on NMIH. Barclays set a $27.00 price objective on NMI and gave the company a “buy” rating in a research note on Friday, December 14th. ValuEngine downgraded NMI from a “buy” rating to a “hold” rating in a research note on Tuesday, November 20th. JPMorgan Chase & Co. began coverage on NMI in a research note on Tuesday, December 11th. They issued an “overweight” rating and a $25.00 price objective on the stock. BidaskClub upgraded NMI from a “hold” rating to a “buy” rating in a research note on Friday, January 25th. Finally, Zacks Investment Research upgraded NMI from a “hold” rating to a “strong-buy” rating and set a $24.00 target price on the stock in a research report on Friday, November 2nd. Eleven equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $24.70.

NASDAQ:NMIH opened at $22.16 on Tuesday. The firm has a market cap of $1.45 billion, a price-to-earnings ratio of 38.88 and a beta of 1.26. NMI Holdings Inc has a 1 year low of $13.35 and a 1 year high of $24.50. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.22.

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NMI Company Profile

NMI Holdings, Inc, through its subsidiaries, provides private mortgage guaranty insurance services in the United States. The company offers mortgage insurance; reinsurance on loans; 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.

Further Reading: Coverage Ratio

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Institutional Ownership by Quarter for NMI (NASDAQ:NMIH)

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