Squarepoint Ops LLC Has $659,000 Stock Position in NMI Holdings, Inc. (NASDAQ:NMIH)

Squarepoint Ops LLC cut its position in shares of NMI Holdings, Inc. (NASDAQ:NMIH - Free Report) by 70.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 17,928 shares of the financial services provider's stock after selling 42,009 shares during the quarter. Squarepoint Ops LLC's holdings in NMI were worth $659,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Assetmark Inc. grew its holdings in NMI by 12.6% during the fourth quarter. Assetmark Inc. now owns 88,010 shares of the financial services provider's stock worth $3,235,000 after acquiring an additional 9,842 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of 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 purchasing an additional 11,347 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of NMI by 3.0% in the 4th quarter. Bank of America Corp DE now owns 527,652 shares of the financial services provider's stock worth $19,396,000 after purchasing an additional 15,273 shares in the last quarter. abrdn plc acquired a new stake in NMI during the fourth quarter valued at approximately $8,122,000. Finally, BNP Paribas Financial Markets boosted its holdings in NMI by 13.3% during the fourth quarter. BNP Paribas Financial Markets now owns 127,132 shares of the financial services provider's stock worth $4,673,000 after buying an additional 14,908 shares in the last quarter. Institutional investors own 94.12% of the company's stock.

NMI Stock Up 0.2%

NASDAQ:NMIH traded up $0.07 on Thursday, hitting $39.33. 252,265 shares of the company's stock traded hands, compared to its average volume of 554,499. The company has a market cap of $3.07 billion, a PE ratio of 8.87, a price-to-earnings-growth ratio of 1.41 and a beta of 0.56. NMI Holdings, Inc. has a 1 year low of $31.60 and a 1 year high of $42.49. The company has a current ratio of 0.60, a quick ratio of 0.83 and a debt-to-equity ratio of 0.19. The firm has a 50-day moving average price of $36.23 and a 200-day moving average price of $36.73.

NMI (NASDAQ:NMIH - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The financial services provider reported $1.28 EPS for the quarter, beating 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 net margin of 55.32% and a return on equity of 17.33%. The firm's revenue was up 10.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.08 earnings per share. Equities analysts anticipate that NMI Holdings, Inc. will post 4.62 EPS for the current fiscal year.

Insider Activity

In other NMI news, EVP Robert Owen Smith sold 20,000 shares of NMI stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $36.58, for a total value of $731,600.00. Following the completion of the sale, the executive vice president now directly owns 84,566 shares in the company, valued at $3,093,424.28. The trade was a 19.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael Curry Montgomery sold 1,875 shares of the stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $38.05, for a total transaction of $71,343.75. Following the transaction, the director now owns 66,068 shares in the company, valued at approximately $2,513,887.40. This trade represents a 2.76% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 92,152 shares of company stock worth $3,358,017 in the last ninety days. Corporate insiders own 3.00% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on NMIH. UBS Group cut their price objective on NMI from $42.00 to $41.00 and set a "neutral" rating for the company in a research report on Wednesday, February 19th. Compass Point reaffirmed a "buy" rating and set a $37.00 target price (up from $34.00) on shares of NMI in a report on Friday, May 23rd. JPMorgan Chase & Co. dropped 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. Wall Street Zen raised shares of NMI from a "hold" rating to a "buy" rating in a research note on Monday, May 5th. Finally, Keefe, Bruyette & Woods dropped their target price on shares of NMI from $43.00 to $42.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 8th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $42.29.

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.