NMI Holdings, Inc. (NASDAQ:NMIH) Shares Sold by Capital International Investors

Capital International Investors reduced its stake in NMI Holdings, Inc. (NASDAQ:NMIH - Free Report) by 26.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,119,011 shares of the financial services provider's stock after selling 399,506 shares during the period. Capital International Investors owned approximately 1.41% of NMI worth $41,135,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Jump Financial LLC raised its stake in shares of NMI by 45.1% in the 4th quarter. Jump Financial LLC now owns 71,729 shares of the financial services provider's stock valued at $2,637,000 after acquiring an additional 22,281 shares during the period. XTX Topco Ltd raised its position in NMI by 13.4% in the fourth quarter. XTX Topco Ltd now owns 15,642 shares of the financial services provider's stock valued at $575,000 after purchasing an additional 1,844 shares during the period. Barclays PLC lifted its stake in NMI by 43.6% during the fourth quarter. Barclays PLC now owns 555,618 shares of the financial services provider's stock worth $20,424,000 after purchasing an additional 168,619 shares in the last quarter. Summit Investment Advisors Inc. boosted its position in shares of NMI by 5.6% during the fourth quarter. Summit Investment Advisors Inc. now owns 8,208 shares of the financial services provider's stock worth $302,000 after buying an additional 433 shares during the period. Finally, Sterling Capital Management LLC grew its stake in shares of NMI by 786.1% in the fourth quarter. Sterling Capital Management LLC now owns 2,295 shares of the financial services provider's stock valued at $84,000 after buying an additional 2,036 shares in the last quarter. Institutional investors and hedge funds own 94.12% of the company's stock.

Insider Buying and Selling 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 shares were sold at an average price of $35.44, for a total transaction of $38,381.52. Following the sale, the executive vice president now directly owns 49,218 shares of the company's stock, valued at $1,744,285.92. This trade represents a 2.15 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Norman Peter Fitzgerald sold 20,000 shares of the business's stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $35.88, for a total transaction of $717,600.00. Following the completion of the transaction, the executive vice president now directly owns 37,470 shares of the company's stock, valued at approximately $1,344,423.60. This represents a 34.80 % decrease in their position. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

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

NMI Price Performance

Shares of NASDAQ NMIH traded down $0.50 during midday trading on Friday, hitting $33.40. The company had a trading volume of 693,438 shares, compared to its average volume of 536,745. The company has a quick ratio of 0.83, a current ratio of 0.60 and a debt-to-equity ratio of 0.19. The business has a 50-day simple moving average of $34.93 and a two-hundred day simple moving average of $36.96. NMI Holdings, Inc. has a twelve month low of $30.30 and a twelve month high of $42.49. The firm has a market capitalization of $2.61 billion, a price-to-earnings ratio of 7.54, a price-to-earnings-growth ratio of 1.41 and a beta of 0.62.

NMI (NASDAQ:NMIH - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The financial services provider reported $1.07 earnings per share for the quarter, missing analysts' consensus estimates of $1.14 by ($0.07). NMI had a return on equity of 17.33% and a net margin of 55.32%. Equities research analysts anticipate that NMI Holdings, Inc. will post 4.62 earnings per share for the current year.

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.