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

Squarepoint Ops LLC lessened its holdings in NMI Holdings, Inc. (NASDAQ:NMIH - Free Report) by 70.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,928 shares of the financial services provider's stock after selling 42,009 shares during the period. Squarepoint Ops LLC's holdings in NMI were worth $659,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NMIH. Principal Securities Inc. grew its stake in shares of NMI by 66.5% in the 4th 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 during the period. Janney Montgomery Scott LLC lifted its position in shares of NMI by 2.2% during the 4th 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 during the period. Atria Investments Inc boosted its stake in NMI by 5.9% in the 4th 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 in the last quarter. Summit Investment Advisors Inc. grew its position in 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 acquiring an additional 433 shares during the period. Finally, Cetera Investment Advisers grew its position in 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 acquiring an additional 476 shares during the period. Institutional investors own 94.12% of the company's stock.

Insider Transactions at NMI

In other 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 owns 163,796 shares of the company's stock, valued at $5,824,585.76. This represents a 7.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Robert Owen Smith sold 20,000 shares of the firm's stock in a transaction dated 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 transaction, the executive vice president now owns 84,566 shares in the company, valued at approximately $3,093,424.28. This represents a 19.13% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 92,152 shares of company stock worth $3,358,017. Corporate insiders own 3.00% of the company's stock.

NMI Price Performance

Shares of NASDAQ:NMIH traded up $0.50 during midday trading on Friday, reaching $39.81. The company's stock had a trading volume of 330,334 shares, compared to its average volume of 555,859. The business's fifty day simple moving average is $36.36 and its 200-day simple moving average is $36.75. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.60 and a quick ratio of 0.83. 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 market capitalization of $3.11 billion, a P/E ratio of 8.99, a P/E/G ratio of 1.41 and a beta of 0.56.

NMI (NASDAQ:NMIH - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The financial services provider reported $1.28 EPS 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 analyst estimates of $169.04 million. NMI had a net margin of 55.32% and a return on equity of 17.33%. The company's revenue was up 10.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.08 EPS. As a group, equities research analysts expect that NMI Holdings, Inc. will post 4.62 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.