NMI Holdings, Inc. (NASDAQ:NMIH) Position Decreased by Leeward Investments LLC MA

Leeward Investments LLC MA decreased its holdings in shares of NMI Holdings, Inc. (NASDAQ:NMIH) by 0.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 303,160 shares of the financial services provider’s stock after selling 2,344 shares during the period. Leeward Investments LLC MA’s holdings in NMI were worth $8,998,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Assenagon Asset Management S.A. lifted its stake in NMI by 88.1% during the fourth quarter. Assenagon Asset Management S.A. now owns 859,955 shares of the financial services provider’s stock valued at $25,523,000 after buying an additional 402,793 shares in the last quarter. Van Berkom & Associates Inc. lifted its stake in NMI by 7.3% during the third quarter. Van Berkom & Associates Inc. now owns 2,708,797 shares of the financial services provider’s stock valued at $73,381,000 after buying an additional 185,099 shares in the last quarter. Comerica Bank purchased a new stake in NMI during the third quarter valued at about $4,914,000. Vanguard Group Inc. lifted its stake in NMI by 2.5% during the third quarter. Vanguard Group Inc. now owns 6,583,844 shares of the financial services provider’s stock valued at $178,356,000 after buying an additional 162,614 shares in the last quarter. Finally, Qube Research & Technologies Ltd lifted its stake in NMI by 171.5% during the third quarter. Qube Research & Technologies Ltd now owns 237,459 shares of the financial services provider’s stock valued at $6,433,000 after buying an additional 150,000 shares in the last quarter. Institutional investors own 94.12% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on NMIH. Royal Bank of Canada upped their price objective on shares of NMI from $31.00 to $33.00 and gave the company a “sector perform” rating in a research note on Thursday, February 15th. StockNews.com lowered shares of NMI from a “buy” rating to a “hold” rating in a research report on Thursday, March 21st. Keefe, Bruyette & Woods increased their price target on shares of NMI from $33.00 to $36.00 and gave the stock a “market perform” rating in a research report on Thursday, April 4th. JPMorgan Chase & Co. increased their price target on shares of NMI from $34.00 to $35.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 3rd. Finally, Truist Financial increased their price target on shares of NMI from $34.00 to $36.00 and gave the stock a “buy” rating in a research report on Thursday, February 15th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $34.44.

NMI Stock Up 1.0 %

NASDAQ:NMIH traded up $0.30 during mid-day trading on Friday, reaching $31.11. The stock had a trading volume of 361,199 shares, compared to its average volume of 543,538. The business’s 50 day moving average is $30.32 and its 200 day moving average is $29.36. NMI Holdings, Inc. has a fifty-two week low of $22.28 and a fifty-two week high of $32.50. The stock has a market cap of $2.51 billion, a P/E ratio of 8.10, a PEG ratio of 1.14 and a beta of 1.06. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.73 and a quick ratio of 0.73.

NMI (NASDAQ:NMIH) last released its quarterly earnings data on Wednesday, February 14th. The financial services provider reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.06. NMI had a return on equity of 17.97% and a net margin of 55.63%. The firm had revenue of $151.38 million for the quarter, compared to the consensus estimate of $131.70 million. During the same quarter in the prior year, the company posted $0.86 earnings per share. The firm’s revenue was up 13.7% on a year-over-year basis. As a group, sell-side analysts predict that NMI Holdings, Inc. will post 4.05 earnings per share for the current year.

Insider Buying and Selling at NMI

In other NMI news, Chairman Bradley M. Shuster sold 6,559 shares of the stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $29.81, for a total transaction of $195,523.79. Following the transaction, the chairman now owns 453,298 shares in the company, valued at $13,512,813.38. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, EVP Mohammad Nawaz Yousaf sold 1,117 shares of the firm’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $29.95, for a total value of $33,454.15. Following the sale, the executive vice president now owns 32,909 shares in the company, valued at $985,624.55. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Chairman Bradley M. Shuster sold 6,559 shares of the firm’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $29.81, for a total transaction of $195,523.79. Following the completion of the sale, the chairman now owns 453,298 shares in the company, valued at approximately $13,512,813.38. The disclosure for this sale can be found here. Insiders have sold a total of 145,158 shares of company stock worth $4,395,582 over the last 90 days. Insiders own 2.70% of the company’s stock.

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.