NMI Holdings Inc $NMIH Shares Sold by AlphaQuest LLC

AlphaQuest LLC cut its holdings in NMI Holdings Inc (NASDAQ:NMIH) by 48.8% in the 4th quarter, HoldingsChannel reports. The fund owned 47,915 shares of the financial services provider’s stock after selling 45,662 shares during the period. AlphaQuest LLC’s holdings in NMI were worth $1,954,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of NMIH. Public Sector Pension Investment Board lifted its holdings in shares of NMI by 5.4% during the 3rd quarter. Public Sector Pension Investment Board now owns 597,447 shares of the financial services provider’s stock valued at $22,906,000 after acquiring an additional 30,341 shares in the last quarter. Tudor Investment Corp ET AL lifted its holdings in shares of NMI by 62.6% during the 3rd quarter. Tudor Investment Corp ET AL now owns 368,840 shares of the financial services provider’s stock valued at $14,141,000 after acquiring an additional 142,065 shares in the last quarter. Teacher Retirement System of Texas lifted its holdings in shares of NMI by 22.9% during the 4th quarter. Teacher Retirement System of Texas now owns 187,189 shares of the financial services provider’s stock valued at $7,635,000 after acquiring an additional 34,907 shares in the last quarter. Y Intercept Hong Kong Ltd lifted its holdings in shares of NMI by 219.9% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 86,824 shares of the financial services provider’s stock valued at $3,329,000 after acquiring an additional 59,682 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of NMI by 0.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 4,288,867 shares of the financial services provider’s stock valued at $164,437,000 after acquiring an additional 31,570 shares in the last quarter. 94.12% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on NMIH shares. Barclays reduced their target price on shares of NMI from $44.00 to $43.00 and set an “equal weight” rating on the stock in a report on Monday, April 6th. Royal Bank Of Canada assumed coverage on shares of NMI in a report on Friday. They set an “outperform” rating and a $46.00 price target for the company. UBS Group set a $46.00 price target on shares of NMI in a report on Friday. JPMorgan Chase & Co. lowered their price target on shares of NMI from $44.00 to $43.00 and set an “overweight” rating for the company in a report on Thursday, April 9th. Finally, Keefe, Bruyette & Woods lowered their price target on shares of NMI from $50.00 to $46.00 and set an “outperform” rating for the company in a report on Monday, May 4th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $44.80.

NMI Price Performance

NMIH opened at $37.15 on Wednesday. The company has a fifty day simple moving average of $38.37 and a 200 day simple moving average of $38.77. The firm has a market cap of $2.82 billion, a price-to-earnings ratio of 7.57, a PEG ratio of 1.29 and a beta of 0.59. NMI Holdings Inc has a twelve month low of $34.84 and a twelve month high of $43.20. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.16.

NMI (NASDAQ:NMIH) last announced its quarterly earnings data on Thursday, April 30th. The financial services provider reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.22 by $0.06. The company had revenue of $183.48 million during the quarter, compared to analyst estimates of $153.99 million. NMI had a net margin of 53.82% and a return on equity of 15.18%. The firm’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period last year, the business earned $1.28 EPS. Equities research analysts expect that NMI Holdings Inc will post 5.15 EPS for the current fiscal year.

Insider Buying and Selling at NMI

In other NMI news, Chairman Bradley M. Shuster sold 19,557 shares of the firm’s stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $39.85, for a total transaction of $779,346.45. Following the completion of the transaction, the chairman directly owned 415,411 shares of the company’s stock, valued at $16,554,128.35. This trade represents a 4.50% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael Curry Montgomery sold 1,554 shares of the firm’s stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $37.90, for a total transaction of $58,896.60. Following the transaction, the director directly owned 69,026 shares of the company’s stock, valued at approximately $2,616,085.40. This represents a 2.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 97,466 shares of company stock valued at $3,700,103. 2.44% of the stock is owned by company insiders.

NMI Company Profile

NMI Holdings, Inc (NASDAQ: NMIH) is a publicly traded mortgage insurance company that provides private mortgage insurance to lenders across the United States and Canada. Through its principal subsidiary, National Mortgage Insurance Corporation, NMI underwrites and issues policies that protect originators and investors against losses arising from borrower default on residential mortgage loans. By mitigating credit risk on higher‐loan‐to‐value mortgages, the company supports homebuyers’ access to financing and contributes to overall market liquidity.

Beyond its core mortgage insurance products, NMI offers credit risk‐sharing and reinsurance solutions designed to help clients optimize capital utilization and manage portfolio exposure.