Two Sigma Advisers LP Has $360,000 Stock Position in NMI Holdings, Inc. (NASDAQ:NMIH)

Two Sigma Advisers LP cut its stake in NMI Holdings, Inc. (NASDAQ:NMIH - Free Report) by 44.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,800 shares of the financial services provider's stock after selling 7,800 shares during the period. Two Sigma Advisers LP's holdings in NMI were worth $360,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of NMIH. Janney Montgomery Scott LLC grew its stake in NMI by 2.2% during the fourth quarter. Janney Montgomery Scott LLC now owns 14,883 shares of the financial services provider's stock worth $547,000 after buying an additional 320 shares in the last quarter. KBC Group NV boosted its position in shares of NMI by 38.3% during the 4th quarter. KBC Group NV now owns 3,221 shares of the financial services provider's stock worth $118,000 after acquiring an additional 892 shares in the last quarter. abrdn plc bought a new position in NMI in the fourth quarter valued at approximately $8,122,000. Entropy Technologies LP raised its position in NMI by 38.7% during the fourth quarter. Entropy Technologies LP now owns 7,888 shares of the financial services provider's stock valued at $290,000 after purchasing an additional 2,201 shares in the last quarter. Finally, 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 valued at $26,000 after purchasing an additional 286 shares in the last quarter. 94.12% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on NMIH. 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. Compass Point reaffirmed a "buy" rating and issued a $37.00 price objective (up from $34.00) on shares of NMI in a research note on Friday, May 23rd. UBS Group lowered their target price on NMI from $42.00 to $41.00 and set a "neutral" rating for the company in a research note on Wednesday, February 19th. Keefe, Bruyette & Woods dropped their target price on shares of NMI from $43.00 to $42.00 and set an "outperform" rating for the company in a report on Tuesday, April 8th. Finally, Wall Street Zen upgraded shares of NMI from a "hold" rating to a "buy" rating in a research note 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, the stock has a consensus rating of "Moderate Buy" and an average target price of $42.29.

NMI Trading Down 1.4%

Shares of NMIH stock traded down $0.56 during mid-day trading on Monday, reaching $39.25. 387,796 shares of the stock traded hands, compared to its average volume of 556,401. The company has a market cap of $3.07 billion, a price-to-earnings ratio of 8.86, a price-to-earnings-growth ratio of 1.41 and a beta of 0.55. 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 stock's fifty day simple moving average is $36.41 and its two-hundred day simple moving average is $36.74. 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 posted its earnings results on Tuesday, April 29th. The financial services provider reported $1.28 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 business had revenue of $173.25 million for the quarter, compared to the consensus estimate of $169.04 million. During the same period last year, the company earned $1.08 EPS. The firm's revenue was up 10.8% compared to the same quarter last year. On average, research analysts anticipate that NMI Holdings, Inc. will post 4.62 EPS for the current fiscal year.

Insider Transactions at NMI

In other news, Chairman Bradley M. Shuster sold 21,545 shares of the business's stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $39.56, for a total value of $852,320.20. Following the transaction, the chairman now owns 409,792 shares in the company, valued at approximately $16,211,371.52. The trade was a 4.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider William J. Leatherberry sold 13,111 shares of the company's stock in a transaction on Wednesday, April 30th. The shares were sold at an average price of $35.56, for a total transaction 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. This represents a 7.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 113,697 shares of company stock worth $4,210,337. Company insiders own 3.00% of the company's stock.

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.