Schroder Investment Management Group Sells 16,691 Shares of NMI Holdings Inc $NMIH

Schroder Investment Management Group cut its stake in shares of NMI Holdings Inc (NASDAQ:NMIH) by 7.7% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 200,299 shares of the financial services provider’s stock after selling 16,691 shares during the period. Schroder Investment Management Group’s holdings in NMI were worth $8,451,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Maseco LLP bought a new stake in shares of NMI during the 2nd quarter worth approximately $32,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in shares of NMI in the second quarter valued at $36,000. Caitong International Asset Management Co. Ltd acquired a new position in NMI during the first quarter worth $48,000. Elevation Point Wealth Partners LLC bought a new stake in NMI during the second quarter worth $49,000. Finally, Quarry LP raised its position in NMI by 89.3% during the first quarter. Quarry LP now owns 1,482 shares of the financial services provider’s stock worth $53,000 after acquiring an additional 699 shares in the last quarter. Institutional investors and hedge funds own 94.12% of the company’s stock.

NMI Stock Performance

NASDAQ NMIH opened at $37.50 on Friday. The stock has a market cap of $2.88 billion, a PE ratio of 7.85, a P/E/G ratio of 1.19 and a beta of 0.66. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.86 and a current ratio of 0.86. The firm has a 50-day moving average of $37.00 and a 200-day moving average of $38.59. NMI Holdings Inc has a 52-week low of $31.90 and a 52-week high of $43.20.

NMI (NASDAQ:NMIH) last released its quarterly earnings results on Tuesday, November 4th. The financial services provider reported $1.21 earnings per share for the quarter, meeting the consensus estimate of $1.21. The firm had revenue of $171.56 million for the quarter, compared to analysts’ expectations of $177.01 million. NMI had a net margin of 55.02% and a return on equity of 16.08%. The business’s revenue was up 7.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.15 EPS. On average, sell-side analysts anticipate that NMI Holdings Inc will post 4.62 EPS for the current year.

Insider Buying and Selling

In other NMI news, Director Michael J. Embler sold 20,000 shares of the company’s stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $36.90, for a total value of $738,000.00. Following the transaction, the director directly owned 46,046 shares of the company’s stock, valued at $1,699,097.40. This represents a 30.28% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Steven Scheid sold 19,926 shares of the stock in a transaction on Monday, September 15th. The stock was sold at an average price of $39.31, for a total value of $783,291.06. Following the transaction, the director owned 78,960 shares in the company, valued at $3,103,917.60. The trade was a 20.15% decrease in their position. The disclosure for this sale is available in the SEC filing. 3.00% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

NMIH has been the subject of a number of analyst reports. JPMorgan Chase & Co. decreased their price objective on shares of NMI from $43.00 to $42.00 and set an “overweight” rating for the company in a research report on Wednesday, November 5th. Weiss Ratings reiterated a “buy (b)” rating on shares of NMI in a report on Wednesday, October 8th. Finally, Barclays reissued a “cautious” rating on shares of NMI in a research report on Monday, October 6th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $41.20.

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.