Two Sigma Investments LP Decreases Position in NMI Holdings, Inc. (NASDAQ:NMIH)

Two Sigma Investments LP decreased its holdings in NMI Holdings, Inc. (NASDAQ:NMIH - Free Report) by 61.7% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 63,980 shares of the financial services provider's stock after selling 102,878 shares during the quarter. Two Sigma Investments LP owned 0.08% of NMI worth $2,352,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of NMIH. Principal Securities Inc. grew its stake in shares of NMI by 66.5% during the 4th quarter. Principal Securities Inc. now owns 716 shares of the financial services provider's stock valued at $26,000 after acquiring an additional 286 shares during the period. Janney Montgomery Scott LLC lifted its holdings 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 valued at $547,000 after purchasing an additional 320 shares in the last quarter. Atria Investments Inc boosted its position in shares of NMI by 5.9% in the fourth quarter. Atria Investments Inc now owns 7,572 shares of the financial services provider's stock worth $278,000 after purchasing an additional 422 shares during the period. Summit Investment Advisors Inc. increased its stake in shares of NMI by 5.6% in the fourth quarter. Summit Investment Advisors Inc. now owns 8,208 shares of the financial services provider's stock worth $302,000 after purchasing an additional 433 shares in the last quarter. Finally, Cetera Investment Advisers raised its position in shares of NMI by 8.6% during the 4th quarter. Cetera Investment Advisers now owns 6,006 shares of the financial services provider's stock valued at $221,000 after purchasing an additional 476 shares during the period. Hedge funds and other institutional investors own 94.12% of the company's stock.

Insider Buying and Selling at NMI

In other NMI news, insider William J. Leatherberry sold 13,111 shares of the business's stock in a transaction dated Wednesday, April 30th. The shares were sold at an average price of $35.56, for a total value of $466,227.16. Following the completion of the transaction, 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 document filed with the SEC, which can be accessed through the SEC website. Also, EVP Robert Owen Smith sold 20,000 shares of the stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $36.58, for a total transaction of $731,600.00. Following the sale, the executive vice president now directly owns 84,566 shares of the company's stock, valued at approximately $3,093,424.28. The trade was a 19.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 92,152 shares of company stock valued at $3,358,017. 3.00% of the stock is currently owned by corporate insiders.

NMI Trading Down 1.1%

NASDAQ:NMIH traded down $0.44 during midday trading on Wednesday, hitting $39.26. 383,321 shares of the company traded hands, compared to its average volume of 555,625. 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's fifty day moving average is $36.23 and its 200-day moving average is $36.73. The firm has a market capitalization of $3.07 billion, a P/E ratio of 8.86, a P/E/G ratio of 1.41 and a beta of 0.56. NMI Holdings, Inc. has a 12-month low of $31.60 and a 12-month high of $42.49.

NMI (NASDAQ:NMIH - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The financial services provider reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.18. The firm had revenue of $173.25 million during 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 firm's quarterly revenue was up 10.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.08 earnings per share. On average, sell-side analysts predict that NMI Holdings, Inc. will post 4.62 EPS for the current year.

Analyst Ratings Changes

NMIH has been the subject of several recent analyst reports. JPMorgan Chase & Co. dropped their target price on shares of NMI from $42.00 to $41.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Keefe, Bruyette & Woods dropped their price objective on NMI from $43.00 to $42.00 and set an "outperform" rating for the company in a research note on Tuesday, April 8th. Compass Point reissued a "buy" rating and set a $37.00 target price (up previously from $34.00) on shares of NMI in a research note on Friday, May 23rd. Wall Street Zen raised NMI from a "hold" rating to a "buy" rating in a report on Monday, May 5th. Finally, 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. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, NMI presently has a consensus rating of "Moderate Buy" and a consensus price target of $42.29.

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.