Versor Investments LP Has $387,000 Position in NMI Holdings Inc $NMIH

Key Points

• Versor Investments LP significantly reduced its stake in NMI Holdings by 51.8%, holding now 10,746 shares worth about $387,000.
• Several other institutional investors have either increased or decreased their holdings in NMI, with a combined ownership of 94.12% by such entities.
• NMI reported an EPS of $1.22 for the last quarter, exceeding analysts' expectations, but its revenue fell short of predictions at $149.07 million.

Versor Investments LP cut its stake in NMI Holdings Inc (NASDAQ:NMIH - Free Report) by 51.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,746 shares of the financial services provider's stock after selling 11,565 shares during the quarter. Versor Investments LP's holdings in NMI were worth $387,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. American Century Companies Inc. raised its position in shares of NMI by 9.0% in the first quarter. American Century Companies Inc. now owns 2,133,945 shares of the financial services provider's stock valued at $76,929,000 after purchasing an additional 176,766 shares during the period. Assenagon Asset Management S.A. grew its stake in shares of NMI by 70.9% in the first quarter. Assenagon Asset Management S.A. now owns 2,034,419 shares of the financial services provider's stock valued at $73,341,000 after acquiring an additional 844,037 shares in the last quarter. Nuveen Asset Management LLC grew its stake in shares of NMI by 0.4% in the fourth quarter. Nuveen Asset Management LLC now owns 1,290,675 shares of the financial services provider's stock valued at $47,445,000 after acquiring an additional 4,570 shares in the last quarter. Nuveen LLC acquired a new position in shares of NMI in the first quarter valued at about $44,886,000. Finally, Northern Trust Corp grew its stake in shares of NMI by 11.5% in the fourth quarter. Northern Trust Corp now owns 895,877 shares of the financial services provider's stock valued at $32,932,000 after acquiring an additional 92,597 shares in the last quarter. 94.12% of the stock is owned by institutional investors.

Insider Transactions at NMI

In other NMI news, Chairman Bradley M. Shuster sold 21,545 shares of the stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $39.56, for a total transaction of $852,320.20. Following the sale, the chairman directly owned 409,792 shares in the company, valued at $16,211,371.52. This represents a 4.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 3.00% of the stock is owned by insiders.

NMI Price Performance

NMI stock traded up $1.12 during trading hours on Friday, reaching $40.35. 334,665 shares of the stock were exchanged, compared to its average volume of 420,311. The company has a market cap of $3.13 billion, a P/E ratio of 8.57, a price-to-earnings-growth ratio of 1.17 and a beta of 0.57. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.17. NMI Holdings Inc has a twelve month low of $31.90 and a twelve month high of $43.20. The stock has a 50 day moving average of $39.56 and a two-hundred day moving average of $37.43.

NMI (NASDAQ:NMIH - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $1.22 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.16 by $0.06. The firm had revenue of $149.07 million for the quarter, compared to the consensus estimate of $173.39 million. NMI had a net margin of 55.57% and a return on equity of 16.51%. The business's revenue for the quarter was up 7.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.20 earnings per share. Equities analysts expect that NMI Holdings Inc will post 4.62 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently commented on NMIH. Wall Street Zen downgraded shares of NMI from a "buy" rating to a "hold" rating in a research note on Saturday, July 12th. Barclays upped their price target on shares of NMI from $41.00 to $42.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 8th. JPMorgan Chase & Co. upped their price target on shares of NMI from $41.00 to $44.00 and gave the company an "overweight" rating in a research note on Friday, July 11th. Keefe, Bruyette & Woods downgraded shares of NMI from an "outperform" rating to a "market perform" rating and upped their price target for the company from $42.00 to $43.00 in a research note on Monday, July 7th. Finally, Compass Point restated a "buy" rating and issued a $37.00 price target (up from $34.00) on shares of NMI in a research note on Friday, May 23rd. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $42.33.

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.