D. E. Shaw & Co. Inc. Decreases Stock Position in NMI Holdings, Inc. (NASDAQ:NMIH)

D. E. Shaw & Co. Inc. decreased its holdings in shares of NMI Holdings, Inc. (NASDAQ:NMIH - Free Report) by 45.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 58,004 shares of the financial services provider's stock after selling 47,592 shares during the quarter. D. E. Shaw & Co. Inc. owned 0.07% of NMI worth $2,132,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in NMI by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 7,158,877 shares of the financial services provider's stock valued at $263,160,000 after acquiring an additional 39,503 shares during the period. American Century Companies Inc. lifted its position in shares of NMI by 8.0% during the fourth quarter. American Century Companies Inc. now owns 1,957,179 shares of the financial services provider's stock worth $71,946,000 after purchasing an additional 145,591 shares during the last quarter. Donald Smith & CO. Inc. boosted its stake in shares of NMI by 34.8% during the fourth quarter. Donald Smith & CO. Inc. now owns 1,307,868 shares of the financial services provider's stock valued at $48,077,000 after purchasing an additional 337,996 shares during the period. Capital World Investors increased its stake in NMI by 21.1% in the 4th quarter. Capital World Investors now owns 1,150,000 shares of the financial services provider's stock worth $42,274,000 after buying an additional 200,000 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in 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 worth $39,533,000 after acquiring an additional 11,347 shares in the last quarter. 94.12% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

NMIH has been the topic of a number of recent research reports. Keefe, Bruyette & Woods dropped their price objective on NMI from $43.00 to $42.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 8th. Compass Point restated a "buy" rating and set a $37.00 price target (up from $34.00) on shares of NMI in a research report on Friday. UBS Group cut their price objective on shares of NMI from $42.00 to $41.00 and set a "neutral" rating for the company in a report on Wednesday, February 19th. JPMorgan Chase & Co. lowered their target price on NMI from $42.00 to $41.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Finally, Wall Street Zen raised NMI from a "hold" rating to a "buy" rating in a report on Monday, May 5th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $42.29.

Insiders Place Their Bets

In other NMI news, insider William J. Leatherberry sold 13,111 shares of the company's stock in a transaction on Wednesday, April 30th. The stock was sold at an average price of $35.56, for a total transaction of $466,227.16. Following the transaction, the insider now directly owns 163,796 shares in the company, valued at $5,824,585.76. This represents a 7.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Adam Pollitzer sold 57,166 shares of NMI stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $36.54, for a total value of $2,088,845.64. Following the completion of the sale, the chief executive officer now directly owns 329,465 shares of the company's stock, valued at $12,038,651.10. The trade was a 14.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 92,152 shares of company stock valued at $3,358,017 over the last 90 days. 3.00% of the stock is owned by company insiders.

NMI Trading Up 0.5%

NMIH traded up $0.19 during trading hours on Monday, reaching $37.96. The company's stock had a trading volume of 672,559 shares, compared to its average volume of 550,656. The stock has a market cap of $2.97 billion, a PE ratio of 8.57, a P/E/G ratio of 1.41 and a beta of 0.56. NMI Holdings, Inc. has a fifty-two week low of $31.60 and a fifty-two week 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 50-day moving average is $35.75 and its 200-day moving average is $36.64.

NMI (NASDAQ:NMIH - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The financial services provider reported $1.28 EPS for the quarter, beating the consensus estimate of $1.10 by $0.18. The business had revenue of $173.25 million for the quarter, compared to analyst estimates of $169.04 million. NMI had a return on equity of 17.33% and a net margin of 55.32%. The company's quarterly revenue was up 10.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.08 EPS. As a group, equities research analysts predict that NMI Holdings, Inc. will post 4.62 earnings per share for the current fiscal 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.