NMI Holdings, Inc. (NASDAQ:NMIH) Shares Sold by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board lowered its position in shares of NMI Holdings, Inc. (NASDAQ:NMIH - Free Report) by 56.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,000 shares of the financial services provider's stock after selling 40,600 shares during the quarter. Canada Pension Plan Investment Board's holdings in NMI were worth $1,140,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. JPMorgan Chase & Co. raised its position in shares of NMI by 3.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 775,804 shares of the financial services provider's stock valued at $31,955,000 after buying an additional 24,838 shares during the period. Assetmark Inc. raised its position in NMI by 12.6% in the fourth quarter. Assetmark Inc. now owns 88,010 shares of the financial services provider's stock valued at $3,235,000 after purchasing an additional 9,842 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of NMI by 1.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,075,428 shares of the financial services provider's stock valued at $39,533,000 after purchasing an additional 11,347 shares during the last quarter. Barclays PLC grew its holdings in shares of NMI by 264.4% during the 3rd quarter. Barclays PLC now owns 386,999 shares of the financial services provider's stock worth $15,940,000 after purchasing an additional 280,809 shares during the period. Finally, abrdn plc acquired a new stake in shares of NMI during the 4th quarter worth about $8,122,000. Institutional investors and hedge funds own 94.12% of the company's stock.

NMI Stock Up 7.5 %

NMI stock traded up $2.53 during trading on Wednesday, reaching $36.17. The stock had a trading volume of 1,774,159 shares, compared to its average volume of 545,032. The company has a quick ratio of 0.83, a current ratio of 0.60 and a debt-to-equity ratio of 0.19. NMI Holdings, Inc. has a 52-week low of $30.35 and a 52-week high of $42.49. The stock has a market cap of $2.83 billion, a PE ratio of 8.16, a P/E/G ratio of 1.41 and a beta of 0.62. The business has a 50 day moving average price of $34.89 and a 200 day moving average price of $36.83.

NMI (NASDAQ:NMIH - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The financial services provider reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.18. The business had revenue of $173.25 million during the quarter, compared to analysts' expectations of $169.04 million. NMI had a net margin of 55.32% and a return on equity of 17.33%. The company's revenue for the quarter was up 10.8% on a year-over-year basis. During the same period in the previous year, the company earned $1.08 EPS. On average, analysts predict that NMI Holdings, Inc. will post 4.62 EPS for the current year.

Wall Street Analysts Forecast Growth

NMIH has been the topic of a number of recent analyst reports. UBS Group decreased their target price on shares of NMI from $42.00 to $41.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 19th. Barclays cut shares of NMI from an "overweight" rating to an "equal weight" rating and lowered their price objective for the stock from $48.00 to $41.00 in a research report on Monday, January 6th. Keefe, Bruyette & Woods cut their target price on NMI from $43.00 to $42.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 8th. Finally, JPMorgan Chase & Co. decreased their price target on NMI from $42.00 to $41.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $42.14.

Insider Transactions at NMI

In other NMI news, EVP Mohammad Nawaz Yousaf sold 1,083 shares of the firm's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $35.44, for a total transaction of $38,381.52. Following the transaction, the executive vice president now owns 49,218 shares of the company's stock, valued at approximately $1,744,285.92. This trade represents a 2.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Norman Peter Fitzgerald sold 20,000 shares of NMI stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $35.88, for a total value of $717,600.00. Following the sale, the executive vice president now owns 37,470 shares in the company, valued at $1,344,423.60. This trade represents a 34.80 % decrease in their position. The disclosure for this sale can be found here. Insiders own 3.00% of the company's stock.

NMI 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.