Wellington Management Group LLP Sells 40,981 Shares of NMI Holdings, Inc. (NASDAQ:NMIH)

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

Other institutional investors have also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC raised its holdings in shares of NMI by 5.7% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 6,051 shares of the financial services provider's stock worth $222,000 after acquiring an additional 325 shares during the period. Jefferies Financial Group Inc. bought a new position in NMI during the 4th quarter worth about $2,161,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of NMI by 23.0% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 163,780 shares of the financial services provider's stock valued at $6,021,000 after purchasing an additional 30,607 shares during the period. Virtus Fund Advisers LLC raised its stake in shares of NMI by 43.7% in the 4th quarter. Virtus Fund Advisers LLC now owns 3,714 shares of the financial services provider's stock valued at $137,000 after purchasing an additional 1,129 shares during the period. Finally, Virtus Investment Advisers Inc. lifted its holdings in shares of NMI by 13.8% in the fourth quarter. Virtus Investment Advisers Inc. now owns 42,806 shares of the financial services provider's stock valued at $1,574,000 after purchasing an additional 5,200 shares in the last quarter. Institutional investors own 94.12% of the company's stock.

Insider Activity at NMI

In other news, insider William J. Leatherberry sold 13,111 shares of the 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 transaction, the insider now directly 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 document filed with the Securities & Exchange Commission, which can be accessed 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 stock was sold at an average price of $36.58, for a total transaction of $731,600.00. Following the sale, the executive vice president now owns 84,566 shares of the company's stock, 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. In the last ninety days, insiders sold 92,152 shares of company stock worth $3,358,017. Insiders own 3.00% of the company's stock.

Analyst Upgrades and Downgrades

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

NMI Stock Up 0.1%

Shares of NASDAQ:NMIH traded up $0.05 during midday trading on Thursday, hitting $39.31. The stock had a trading volume of 520,377 shares, compared to its average volume of 556,197. The company has a market cap of $3.07 billion, a P/E ratio of 8.87, a PEG 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. The business's 50-day simple moving average is $36.30 and its 200-day simple moving average is $36.74. 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 (NASDAQ:NMIH - Get Free Report) last announced its quarterly earnings results 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 during the quarter, compared to analysts' expectations of $169.04 million. NMI had a net margin of 55.32% and a return on equity of 17.33%. The company's revenue for the quarter was up 10.8% compared to the same quarter last year. During the same quarter last year, the company posted $1.08 earnings per share. On average, sell-side analysts forecast that NMI Holdings, Inc. will post 4.62 earnings per share for the current fiscal year.

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.