D. E. Shaw & Co. Inc. Sells 47,592 Shares of NMI Holdings, Inc. (NASDAQ:NMIH)

D. E. Shaw & Co. Inc. cut its holdings in shares of NMI Holdings, Inc. (NASDAQ:NMIH - Free Report) by 45.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 58,004 shares of the financial services provider's stock after selling 47,592 shares during the period. D. E. Shaw & Co. Inc. owned approximately 0.07% of NMI worth $2,132,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in NMIH. Barclays PLC lifted its holdings in NMI by 264.4% during the third quarter. Barclays PLC now owns 386,999 shares of the financial services provider's stock worth $15,940,000 after acquiring an additional 280,809 shares in the last quarter. Dakota Wealth Management lifted its holdings in shares of NMI by 8.5% in the fourth quarter. Dakota Wealth Management now owns 11,516 shares of the financial services provider's stock valued at $423,000 after purchasing an additional 899 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings 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 purchasing an additional 320 shares in the last quarter. Inspire Investing LLC lifted its holdings in shares of NMI by 9.5% in the fourth quarter. Inspire Investing LLC now owns 10,901 shares of the financial services provider's stock valued at $401,000 after purchasing an additional 948 shares in the last quarter. Finally, KBC Group NV lifted its holdings in shares of NMI by 38.3% in the fourth quarter. KBC Group NV now owns 3,221 shares of the financial services provider's stock valued at $118,000 after purchasing an additional 892 shares in the last quarter. 94.12% of the stock is currently owned by institutional investors.

NMI Stock Up 0.5%

Shares of NASDAQ:NMIH traded up $0.19 during midday trading on Friday, reaching $37.96. The company had a trading volume of 672,559 shares, compared to its average volume of 549,943. The business's 50 day moving average price is $35.70 and its 200 day moving average price is $36.65. 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. 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 1-year low of $31.60 and a 1-year high of $42.49.

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

Analyst Ratings Changes

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

Insiders Place Their Bets

In related news, insider William J. Leatherberry sold 13,111 shares of the business's stock in a transaction that occurred on Wednesday, April 30th. The stock was sold at an average price of $35.56, for a total value of $466,227.16. Following the completion of the sale, the insider now directly owns 163,796 shares in the company, valued at approximately $5,824,585.76. The trade was a 7.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, 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 value of $717,600.00. Following the completion of the sale, the executive vice president now owns 37,470 shares of the company's stock, valued at approximately $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 have sold a total of 112,152 shares of company stock valued at $4,075,617 over the last 90 days. 3.00% of the stock is currently owned by insiders.

NMI Company 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.