NMI Holdings, Inc. (NASDAQ:NMIH) Stock Holdings Lessened by Man Group plc

Man Group plc lowered its holdings in shares of NMI Holdings, Inc. (NASDAQ:NMIH - Free Report) by 22.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 163,595 shares of the financial services provider's stock after selling 47,341 shares during the period. Man Group plc owned about 0.21% of NMI worth $6,014,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Principal Securities Inc. raised its position in NMI by 66.5% during the fourth quarter. Principal Securities Inc. now owns 716 shares of the financial services provider's stock worth $26,000 after acquiring an additional 286 shares during the last quarter. Janney Montgomery Scott LLC raised its position in shares of NMI by 2.2% in the fourth quarter. Janney Montgomery Scott LLC now owns 14,883 shares of the financial services provider's stock valued at $547,000 after buying an additional 320 shares during the last quarter. Atria Investments Inc raised its position in shares of NMI by 5.9% in the fourth quarter. Atria Investments Inc now owns 7,572 shares of the financial services provider's stock valued at $278,000 after buying an additional 422 shares during the last quarter. Summit Investment Advisors Inc. raised its position in shares of NMI by 5.6% in the fourth quarter. Summit Investment Advisors Inc. now owns 8,208 shares of the financial services provider's stock valued at $302,000 after buying an additional 433 shares during the last quarter. Finally, Cetera Investment Advisers raised its position in shares of NMI by 8.6% in the fourth quarter. Cetera Investment Advisers now owns 6,006 shares of the financial services provider's stock valued at $221,000 after buying an additional 476 shares during the last quarter. Institutional investors and hedge funds own 94.12% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on NMIH shares. Wall Street Zen raised shares of NMI from a "hold" rating to a "buy" rating in a research report on Monday, May 5th. Keefe, Bruyette & Woods cut their price objective on shares of NMI from $43.00 to $42.00 and set an "outperform" rating for the company in a research report on Tuesday, April 8th. JPMorgan Chase & Co. cut their price objective on shares of NMI from $42.00 to $41.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. UBS Group dropped 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, Compass Point upped their price target on shares of NMI from $34.00 to $37.00 and gave the stock a "buy" rating in a research report on Friday. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $42.29.

NMI Trading Up 0.5%

NMIH stock traded up $0.19 on Friday, hitting $37.96. 672,559 shares of the company were exchanged, compared to its average volume of 549,943. NMI Holdings, Inc. has a twelve month low of $31.60 and a twelve month high of $42.49. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.60 and a quick ratio of 0.83. The business's fifty day moving average is $35.70 and its two-hundred day moving average is $36.65. The stock has a market capitalization of $2.97 billion, a price-to-earnings ratio of 8.57, a price-to-earnings-growth ratio of 1.41 and a beta of 0.56.

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. NMI had a net margin of 55.32% and a return on equity of 17.33%. The company had revenue of $173.25 million during the quarter, compared to the consensus estimate of $169.04 million. During the same period in the previous year, the firm earned $1.08 earnings per share. NMI's revenue for the quarter was up 10.8% on a year-over-year basis. As a group, research analysts forecast that NMI Holdings, Inc. will post 4.62 earnings per share for the current year.

Insiders Place Their Bets

In other NMI news, CEO Adam Pollitzer sold 57,166 shares of the business's stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $36.54, for a total transaction of $2,088,845.64. Following the completion of the sale, the chief executive officer now directly owns 329,465 shares in the company, valued at $12,038,651.10. The trade was a 14.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Norman Peter Fitzgerald sold 20,000 shares of the company's stock in a transaction 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 owns 37,470 shares of the company's stock, valued at $1,344,423.60. This trade represents a 34.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 112,152 shares of company stock worth $4,075,617 over the last ninety days. 3.00% of the stock is owned by company insiders.

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.