NMI Holdings Inc $NMIH Shares Sold by Quantbot Technologies LP

Quantbot Technologies LP trimmed its stake in shares of NMI Holdings Inc (NASDAQ:NMIH) by 32.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 39,478 shares of the financial services provider’s stock after selling 18,825 shares during the period. Quantbot Technologies LP owned about 0.05% of NMI worth $1,514,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of NMIH. PNC Financial Services Group Inc. lifted its stake in NMI by 4.1% during the second quarter. PNC Financial Services Group Inc. now owns 6,661 shares of the financial services provider’s stock valued at $281,000 after buying an additional 264 shares in the last quarter. Arizona State Retirement System raised its holdings in shares of NMI by 1.2% during the third quarter. Arizona State Retirement System now owns 23,099 shares of the financial services provider’s stock valued at $886,000 after acquiring an additional 277 shares during the period. Nisa Investment Advisors LLC lifted its position in shares of NMI by 22.5% in the 3rd quarter. Nisa Investment Advisors LLC now owns 1,572 shares of the financial services provider’s stock valued at $60,000 after acquiring an additional 289 shares in the last quarter. Harbor Capital Advisors Inc. lifted its position in shares of NMI by 51.5% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 856 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 291 shares in the last quarter. Finally, California State Teachers Retirement System boosted its stake in NMI by 0.5% in the 2nd quarter. California State Teachers Retirement System now owns 70,112 shares of the financial services provider’s stock worth $2,958,000 after purchasing an additional 328 shares during the period. Hedge funds and other institutional investors own 94.12% of the company’s stock.

Insider Transactions at NMI

In other NMI news, Chairman Bradley M. Shuster sold 55,000 shares of the firm’s stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $39.63, for a total transaction of $2,179,650.00. Following the transaction, the chairman directly owned 415,411 shares in the company, valued at $16,462,737.93. This trade represents a 11.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Mohammad Nawaz Yousaf sold 16,000 shares of the business’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $39.89, for a total value of $638,240.00. Following the completion of the sale, the executive vice president directly owned 38,733 shares of the company’s stock, valued at $1,545,059.37. This represents a 29.23% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 113,057 shares of company stock worth $4,495,886 in the last 90 days. 3.00% of the stock is owned by insiders.

NMI Stock Down 1.4%

NMIH opened at $38.70 on Friday. The company has a market capitalization of $2.94 billion, a PE ratio of 7.88, a price-to-earnings-growth ratio of 1.08 and a beta of 0.63. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.57 and a quick ratio of 0.57. NMI Holdings Inc has a fifty-two week low of $31.90 and a fifty-two week high of $43.20. The business has a 50-day moving average of $39.45 and a 200-day moving average of $38.65.

NMI (NASDAQ:NMIH) last released its quarterly earnings data on Tuesday, February 10th. The financial services provider reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.17 by $0.03. The firm had revenue of $180.74 million for the quarter, compared to the consensus estimate of $180.69 million. NMI had a return on equity of 15.78% and a net margin of 55.05%.During the same quarter in the prior year, the company posted $1.07 earnings per share. Equities research analysts forecast that NMI Holdings Inc will post 4.62 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on NMIH. JPMorgan Chase & Co. boosted their target price on shares of NMI from $42.00 to $43.00 and gave the company an “overweight” rating in a research note on Monday, January 12th. Keefe, Bruyette & Woods upgraded NMI from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $46.00 to $48.00 in a report on Thursday, December 18th. Weiss Ratings reissued a “buy (b)” rating on shares of NMI in a research report on Thursday, January 22nd. Barclays raised their price objective on NMI from $43.00 to $44.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 6th. Finally, UBS Group set a $43.00 target price on NMI in a research note on Monday, January 12th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, NMI has a consensus rating of “Moderate Buy” and a consensus price target of $43.00.

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.