NMI Holdings, Inc. (NASDAQ:NMIH) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP lessened its holdings in shares of NMI Holdings, Inc. (NASDAQ:NMIH - Free Report) by 9.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 370,975 shares of the financial services provider's stock after selling 40,981 shares during the quarter. Wellington Management Group LLP owned approximately 0.47% of NMI worth $13,637,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. Principal Securities Inc. boosted its position in shares of NMI by 66.5% in the fourth quarter. Principal Securities Inc. now owns 716 shares of the financial services provider's stock worth $26,000 after purchasing an additional 286 shares during the period. Smartleaf Asset Management LLC boosted its position in shares of NMI by 288.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,868 shares of the financial services provider's stock valued at $69,000 after acquiring an additional 1,387 shares during the last quarter. Covestor Ltd raised its stake in NMI by 601.1% during the fourth quarter. Covestor Ltd now owns 1,893 shares of the financial services provider's stock valued at $70,000 after purchasing an additional 1,623 shares in the last quarter. Sterling Capital Management LLC lifted its holdings in shares of NMI by 786.1% in the 4th quarter. Sterling Capital Management LLC now owns 2,295 shares of the financial services provider's stock valued at $84,000 after acquiring an additional 2,036 shares during the last quarter. Finally, KBC Group NV lifted its holdings in shares of NMI by 38.3% in the 4th quarter. KBC Group NV now owns 3,221 shares of the financial services provider's stock valued at $118,000 after acquiring an additional 892 shares during the last quarter. Institutional investors own 94.12% of the company's stock.

Analyst Upgrades and Downgrades

NMIH has been the topic of a number of recent research reports. Keefe, Bruyette & Woods decreased their price objective on NMI from $43.00 to $42.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 8th. Compass Point reissued a "buy" rating and issued a $37.00 price objective (up from $34.00) on shares of NMI in a research report on Friday, May 23rd. JPMorgan Chase & Co. cut their price target on shares of NMI from $42.00 to $41.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Wall Street Zen upgraded NMI from a "hold" rating to a "buy" rating in a report on Monday, May 5th. Finally, UBS Group decreased their price objective on NMI from $42.00 to $41.00 and set a "neutral" rating for the company in a report on Wednesday, February 19th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $42.29.

Insider Buying and Selling

In other news, Director Michael Curry Montgomery sold 1,875 shares of NMI 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 $2,513,887.40. The trade was a 2.76% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider William J. Leatherberry sold 13,111 shares of the stock in a transaction that occurred 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 of the company's stock, valued at approximately $5,824,585.76. This trade represents a 7.41% 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. 3.00% of the stock is owned by insiders.

NMI Price Performance

Shares of NASDAQ NMIH traded up $0.09 during trading on Tuesday, hitting $39.70. The company had a trading volume of 446,877 shares, compared to its average volume of 555,167. The firm has a market capitalization of $3.10 billion, a price-to-earnings ratio of 8.96, a price-to-earnings-growth ratio of 1.41 and a beta of 0.56. The stock has a fifty day simple moving average of $36.11 and a two-hundred day simple moving average of $36.69. The company has a quick ratio of 0.83, a current ratio of 0.60 and a debt-to-equity ratio of 0.19. NMI Holdings, Inc. has a fifty-two week low of $31.60 and a fifty-two week high of $42.49.

NMI (NASDAQ:NMIH - Get Free Report) last announced its earnings results on Tuesday, April 29th. The financial services provider reported $1.28 earnings per share (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 company had revenue of $173.25 million for the quarter, compared to analysts' expectations of $169.04 million. During the same quarter in the previous year, the company posted $1.08 EPS. The firm's quarterly revenue was up 10.8% on a year-over-year basis. On average, research analysts expect that NMI Holdings, Inc. will post 4.62 earnings per share for the current year.

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.